Golden Gate Point Construction Avoids Major Impact from Hurricane Milton in Sarasota

Business

As Sarasota and Manatee counties work diligently to recover  from the recent hurricanes, the real estate market shows signs of resilience, particularly in  Downtown Sarasota and its luxury condominium developments. This comes in the wake of  Hurricanes Helene and Milton, which struck the region in quick succession, causing significant  challenges to the local infrastructure. Notably, Golden Gate Point, a 22-acre peninsula surrounded by Sarasota Bay, demonstrated  surprising fortitude against the storm's impact. Although the area experienced landscaping and  tree damage, the integrity of the buildings remained intact, mitigating potential delays for  under-construction condominiums. Sam Gault, developer of Peninsula Sarasota, a premier luxury condominium project on Golden  Gate Point, remarked, “We’re fortunate that Golden Gate Point sustained minimal damage. Our infrastructure remained unaffected, and while cleanup will take a few weeks, we anticipate  only a couple month delay in our project timeline.”  This resilience underscores a significant trend in the design and construction of condominiums  along Florida's coastlines. New buildings are engineered to withstand severe weather,  reflecting advancements in construction techniques and materials. Gault emphasized, “Our  collaboration with our architects and construction team focused on using the best materials  and modern building practices to prepare for Florida’s hurricanes. Our goal is to provide  residents with a living environment that offers peace of mind, even in the face of potential  storms.” While many developments are experiencing substantial delays of 18 to 20 months, Peninsula  Sarasota is on track for a timely completion. The project, which will feature just 23 exclusive  residences, is expected to be move-in ready by early 2025, with only six residences available  for purchase, starting at $4.5 million. “Feedback from our residents has been overwhelmingly positive. They are enthusiastic about  the prospect of moving into their new homes next year,“ said Gault. “We also realize there will  be many displaced barrier residents who will be rebuilding or relocating to the mainland. Our  construction timeline provides another option.” 

  


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