Presented By: KONA REALTY with 941-718-8293. - 941-718-8293
MLS# A4682868
02/17/2026
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The Velocity Project presents an exceptional opportunity to acquire a shovel-ready luxury condominium development in Sarasota’s rapidly growing Gillespie Park neighborhood. This offering is structured as a true turnkey investment, with the sale including complete architectural drawings, technical reports, cost analyses, and all supporting materials needed for a smooth development process. With Development Review Committee approvals already secured and permits projected within approximately six weeks, the project is positioned for an expedited construction start.
The approved design, created by the acclaimed Solstice Architecture Firm, reflects an aesthetic influenced by the coastal architecture of Spain and Portugal. The development plans call for six generously sized residences designed with high-end finishes, modern layouts, and upscale amenities that appeal to today’s luxury buyers.
Situated on a quarter-acre site with Downtown Edge (DTE) zoning, the property benefits from a location within one of Sarasota’s most dynamic and evolving districts. Gillespie Park continues to attract strong buyer interest and investment, supported by a lively environment of local shops, dining destinations, and a diverse mix of architectural character.
This is a rare chance to move forward with a fully entitled project while avoiding the lengthy planning stages. Reach out today to obtain detailed project information, financial data, construction estimates, approved plans, and to arrange a site visit.
Presented By: KONA REALTY with 941-718-8293. - 941-718-8293
Interior Features for 1923 5TH STREET
Bathrooms
Total Baths
General for 1923 5TH STREET
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CitySARASOTA
CountySarasota
Current UseResidential
DirectionsSouth on 301 to 5th street, turn right on 5th and property is the second from the corner.
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