A Bold New Vision: What’s Going on at the Corner of Fourth Street and Cocoanut Avenue?

Sarasota Magazine, Kim Doleatto

Sarasota is experiencing a wave of luxury real estate development. The Gallery, located at Fourth & Cocoanut in Sarasota in the Rosemary District  is at the heart of it all. This prime downtown location is quickly becoming a landmark for modern, upscale living. A 2014 overlay that increased density in the flourishing neighborhood just north of downtown Sarasota kickstarted the area with loads of new construction. As construction moves forward, many are eager to see what’s in store for this vibrant intersection.

A Luxury Transformation in Downtown Sarasota: THE GALLERY SARASOTA

The corner of Fourth & Cocoanut in Sarasota is being redefined with the arrival of The Gallery Sarasota. This high-end condominium development is a new collection of 60 condos spanning five levels with a sixth-floor rooftop. This development is just south of the Sarasota Modern Hotel, north of Fruitville Road, and a few blocks from the Sarasota Bayfront. The land was purchased from TSO for $3,754,100 in June of this year, and was thoughtfully designed to maintain the architectural integrity of the surrounding residential streetscape. Not only is it designed for those who appreciate modern elegance, but it also enhances the area’s appeal. Additionally, it offers residents convenience, walkability, and an elevated urban lifestyle.

Spanning just less than one acre in total, the ground level of The Gallery will also include just under 2,000 square feet of retail space. 

“Sarasota continues to attract new residents,” says Teresa Tyrrell of Coldwell Banker Realty, who is managing sales. “While 2021 was exceptionally active, buyers continue to remain focused on lifestyle as a key factor in their decisions, with many choosing downtown Sarasota as their home.”

The Gallery Sarasota, an exclusive condominium development designed for those who appreciate modern elegance. This new project will enhance the area’s appeal, offering residents unparalleled convenience, walkability, and a refined urban lifestyle.

The Vision Behind The Gallery Sarasota

The rise of popularity surrounding Fourth & Cocoanut in Sarasota aligns with the city’s evolution into a premier destination for luxury real estate. Furthermore, The Gallery Sarasota brings world-class design and high-end finishes. Buyers seeking sophistication and exclusivity will find it here. Moreover, with contemporary architecture and thoughtfully designed interiors, this project is redefining downtown living.

Why the Fourth & Cocoanut Location in Sarasota Stands Out

This location offers a rare blend of modern luxury and historic charm. Just steps from Sarasota’s cultural district, Fourth & Cocoanut in Sarasota provides easy access to renowned theaters, art galleries, and top-rated dining. Likewise, The Gallery Sarasota features spacious residences, resort-style amenities, and private terraces. It caters to discerning buyers who want the best of city living.

A Prime Spot in Sarasota’s Growing Luxury Market

Luxury condominiums in downtown Sarasota are in undeniably high demand. The Gallery Sarasota is ideal for those seeking an upscale lifestyle. It is within walking distance of the bayfront, Marina Jack, and lively downtown entertainment. Its prime location ensures residents enjoy waterfront activities and cultural experiences.

Price, of course, also matters. 80% of all condo and townhome sales in the past 12 months in the same zipcode as The Gallery Sarasota have sold for less than $2 million, according to MLS data.

“It’s been very active with interested buyers. Many have been waiting for a new downtown condominium that features exceptional amenities and high-end finishes in a more walkable area near restaurants and the water with a price point starting under $1M,” Tyrrell adds. “There are many older properties that are being hit with assessment fees and increased insurance rates, making some want to consider newer alternatives.”

Experience Elevated Living at The Gallery Sarasota

The Gallery Sarasota is more than a condominium—it’s a masterpiece of modern architecture. Future residents will enjoy a rooftop terrace, a state-of-the-art fitness center, and private social spaces. The project sets a new standard for luxury real estate. Buyers will experience not just a residence but an entire lifestyle.

Units at The Gallery Sarasota range from 944 square feet with one bedroom and one-and-a-half bathrooms to 1,841 square feet with three bedrooms and three-and-a-half bathrooms. Prices range from $859,000 for condos to $1,995,000 for the penthouses. Terraces for each unit range from 38 square feet to 620 square feet.