Great Places and Spaces: The DeMarcay

The DeMarcay, a luxury residential condominium project by GK Real Estate, in downtown Sarasota, has begun removal of two on-site structures after receiving its demolition permit from the city.

In 2019, the company began the process of preparing the historic facades of the DeMarcay Hotel and Roth Cigar Factory for preservation and will continue the process throughout construction.

The 18-story building will have valet parking, concierge services and a resort-style rooftop pool and amenity space, with expansive waterfront views of the Gulf of Mexico and Sarasota Bay. Ranging from 1,055 to 3,219 square feet, the floor plans will have the flexibility to combine units for larger square footage.

A one-bedroom residence starts at $700,000, with two-bedroom and three-bedroom residences available. The 3,219-square-foot penthouse has already sold at The DeMarcay.

Occupying the front half of the seventeenth floor, the penthouse was listed at $3.1 million and will feature three bedrooms, 3½  bathrooms, a den and a waterfront balcony. The remaining two residences on the top floor have also been sold. The DeMarcay is slated for completion in summer 2022.



You May Also Like

Great Places and Spaces: 18-story apartment building proposed for downtown St. Pete (RENDERINGS)

A new residential tower has been proposed, at the intersection of 2nd Avenue North and 18th Street, in downtown St. Petersburg.    The $72.9 million development is being proposed by

Great Places and Spaces: Marina Pointe Tower One nears sellout (PHOTOS)

Marina Pointe has closed 98% of the condos in Tower One while reservations for Tower Two are being converted to contracts.  “With Marina Pointe’s Tower One almost sold out and

Great Places and Spaces: Circuit Florida Clubhouse and Event Center (RENDERINGS)

Circuit Florida, a membership-based private motorsports club and car enthusiast community, featuring residential living and a road course, plans to break ground on its 18,000-square-foot, three-story member clubhouse and event

Great Places and Spaces: Ritz-Carlton Residences, Estero Bay (RENDERINGS)

The Ritz-Carlton Residences, Estero Bay are situated within 500 acres of land adjacent to Florida’s oldest aquatic preserve for which they are so named, Estero Bay. Now under construction, two

Other Posts

Water Street Tampa to host the Urban Land Institute – Florida Summit

The city of Tampa is set to host the Urban Land Institute – Florida Summit, on April 4 and April 5, at the JW Marriott Water Street Tampa. The annual

JLL tapped to lease new health care and life sciences development site in Tampa (RENDERINGS)

JLL’s Central Florida Healthcare Practice Group has been selected to lease RITHM, the 100-acre, mixed-use, urban development centered on health care. The project, located on East Fowler, will feature the

On the Scene: Trepp Developments hosts VIP reception to celebrate SOTA progress

Guests gathered inside the SOTA Residences & Hotel sales gallery in Sarasota for a private VIP reception to hear updates from developer Rodrigo Trepp. As president of Trepp Developments, his vision for

Real estate professionals share projects they’re watching in 2024

Hillsborough | Manatee | Sarasota Real estate is a fascinating industry to follow, especially with the robust activity in the Tampa Bay region. There are a lot of moving parts