Gillespie Park, downtown Sarasota · Condominium · Available
The Velocity.
A six-residence boutique condominium. Land and project materials.
Where it stands
Approvals2 / 5
Drawings, reports and cost analyses in hand
Updated September 24, 2026
Renderings and site photography provided by the sponsor.
The opportunity
Six residences, drawn and costed.
A four-story, six-residence boutique condominium project in Gillespie Park. The offering includes the land and the project materials assembled to advance permitting — architectural drawings, technical reports, cost analyses, and supporting development documentation. Described as shovel-ready in the public listing.
The source model assumes six residences of 2,342 square feet each, configured as three-bedroom, two-and-a-half-bath homes with private decks and two-car garages; a public project profile describes residences ranging from 1,868 to 2,845 square feet.
The facts
- Asking price
- $965,000
- Site area
- 0.24 acres
- Planned residences
- 6
- Form
- Four-story boutique condominium
- Residence size
- 2,342 SF source-model average
- Configuration
- 3 bed / 2.5 bath
- Parking
- Two-car garage per residence
- Materials
- Drawings, technical reports, cost analyses
- Status
- Shovel-ready per the public listing
Location
Downtown, on the park.
Gillespie Park sits at the edge of downtown Sarasota — walkable to the bayfront, the marina, and Main Street. Sarasota's condominium market recorded 3,295 closed sales in 2025 with 8.1 months of inventory and a 112-day median time to sale, according to RASM.
- Closed condo sales (2025)
- 3,295
- Months of inventory
- 8.1
- Median days to sale
- 112
Sponsor-provided figures.
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1923 5th Street, Sarasota, FL
What comes next
The full file, after a conversation.
- — The development budget, timeline, and structure
- — Terms and the complete offering documentation
- — Questions answered directly by the people doing the work
Shared under NDA. Reviewing creates no obligation on either side.
Talk to the team about The Velocity.
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This page is provided solely for informational purposes and is not an offer to sell, or a solicitation of an offer to buy, any security; any offering is made only through definitive documentation provided to qualified investors. Information is provided by the sponsor and has not been independently verified. The seller reserves the right to withdraw the property at any time without notice.
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