Brent Virkus, president and founder of TRiTON Companies, announced that he has entered into an agreement with Hyatt to develop the current Sea Castle property on Siesta Key’s Crescent Beach as a Private Residence Club (PRC). “We are very excited about this project and the ability to bring an amazing development to Siesta Key,” said Virkus, who secured Wall Street financing at a time when investment bankers have given the cold shoulder to Florida condominium development.
One Palm ultra luxury condominiums amenity development based on what potential buyers of $1-2 million downtown Sarasota residences truly want.
Plans are preceding on schedule for One Palm, the ultra-luxury downtown condominium and retail project to be built on Palm Avenue, with this week’s announcement of Construction Management & Development, Inc. (CM&D) as the project manager. CM&D has eight offices throughout America and has global experience from Antigua to Santiago to Vanuatu as well as 13 other international locations and thirty-six high profile and resort destination cities in America.
Today, TRiTON Companies, a real estate development and investment firm with offices in Detroit and Sarasota, announced plans to launch the TRiTON Property Fund here. The TRiTON Property Fund is a Real Estate Investment Fund that will provide investors an alternative to stocks, bonds and other investment avenues.
Michael Saunders & Company New Homes and Condominiums Division will head sales and marketing of residences at One Palm, the ultra luxury development planned for downtown Sarasota, FL.
TRiTON Companies and RBS Companies, Inc., a partnership that purchased the former Gold Bank building earlier this year, has announced preliminary plans for the property. Going before the Sarasota City Planning Department this week, spokesperson Brent Virkus, president of TRiTON, presented plans for One Palm, a luxury residential building, which includes high-end retail stores at street level, to be built on the Palm Avenue property. This is the first step for a proposed project that will redefine the standard of luxury downtown living.