Hyatt redevelopment branded as 1000 Boulevard of the Arts

Although it has not received a full blessing of the city, developer Kolter Urban has announced the launch of sales for 1000 Boulevard of the Arts, currently the site of the Hyatt Regency hotel.

Although imminent, the project has yet to receive full sign-off from the city’s Development Review Committee. It also faces a March 17 appeal before the Commission brought by the developer of the nearby One Park and One Park West, which is challenging a critical code adjustment approved by the Planning Board, among other claimed irregularities.

The Planning Board granted the requested adjustment on Dec. 11.

The project will replace the Hyatt Regency and adjacent parking structure with two towers, one comprised of 117 luxury condominiums and the other a Hyatt Centric-branded hotel. It was originally planned for 224 condominiums and 166 hotel rooms Hyatt’s Thompson Hotels flag. Whether the number of rooms has changed was not revealed in a news release announcing the project.

In the news release, Kolter Urban President Bob Vail describes 1000 Boulevard of the Arts as “A standout development that embodies our commitment to delivering exceptional luxury living in Sarasota. This new project offers a unique opportunity to live in one of the most dynamic and sought-after areas of the city combining elegant residences with world-class amenities.”

The property abuts The Quay, where Kolter Urban is currently building its second Ritz Carlton Residences condo tower on Blocks 7 and 8, adjacent to the south side of the Hyatt site. It’s also adjacent to Block 9, where Property Markets Group of Miami and MoneyShow of Sarasota plan to build One Park West, a sister condo tower to One Park, which is currently under construction on Block 1 at the corner of U.S. 41 and Boulevard of the Arts.

The primary objections of PMG are a portion of Kolter’s eastern tower overhangs an alley separating the two properties, which amounts to taking of a public easement, and that an inadequately sized turning template for garbage trucks in the shared alley will force them onto Block 9 property. 

For good measure, PMB also alleges the plan is in violation of the city’s Engineering Design Criteria Manual in multiple points, including:

• At 33 feet in width, the primary driveway exceeds a 24-foot limit for commercial driveways.
• Proposed curb cuts violate provisions of the Comprehensive Plan and the EDCM pertaining to and promoting the existence and maintenance of pedestrian sleeves and bicycle lanes.
• The approved adjustment interferes with both Quay 1 and 9’s and the public’s pedestrian experience and access to the Multi-Use Recreational Trail and to the bay, including vistas of the water. 
• Kolter’s traffic study conclusions were inaccurate.