Under Construction

Mira Mar Residences

Mira Mar Residences is a luxury condominium landmark on Palm Avenue in downtown Sarasota, Florida, built around the restoration of the century-old Mira Mar, one of the city's most recognizable historic buildings.

Official Website
04.26
Start
~2028
Completion
70
Units
18
Floors
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Details

South Palm Avenue, Sarasota. 18 floors and 70 residences. Broke ground April 2026, targeting Q4 2028.

The story so far
Announced 2026 est.
Broke ground Apr 2026
Sales launched Apr 2026Sales launched: reservations opened for the twin-tower condominiums as Sarasota issued the construction permit
yourobserver.com
Construction permit issued Apr 7, 2026the City of Sarasota cleared the twin 18-storey towers holding 70 residences behind the century-old Mira Mar building, with tenants moved out and work starting on the historic rehabilitation before the towers rise
yourobserver.com
Going vertical May 20, 2026Groundbreaking on South Palm Ave 2026-05-20 (LBK News); construction permit issued 2026-04-07 (Your Observer). Est. GFA (2×18-story), delivery end-2028. US.
yourobserver.com
Expected opening Q4 2028 est.
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Oct 21, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
TMW Intelligence

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About the project

Mira Mar Residences is a luxury condominium landmark on Palm Avenue in downtown Sarasota, Florida, built around the restoration of the century-old Mira Mar, one of the city's most recognizable historic buildings. Developed by Sarasota-based Seaward Development with the Mira Mar Acquisition Company, the project rises as twin 18-story towers holding a limited collection of roughly 70 estate-style residences, priced from the high $3 millions, behind the preserved historic facades and storefronts of the original Mira Mar Plaza. REG Architects and Nichols Architects lead the design, pairing the restored 1920s Mediterranean Revival street wall with a contemporary tower expression, while Suffolk Construction, the general contractor behind the billion-dollar Waldorf Astoria New York restoration, manages the rehabilitation and new construction. Residences are laid out as full-floor and half-floor estates with private elevator entries and deep terraces framing Sarasota Bay, and the amenity program includes a 19th-floor sky lounge and a resort-style pool deck overlooking the bayfront. The project sits steps from Main Street, St. Armands Circle access and the Sarasota Bayfront, anchoring the downtown Sarasota renaissance around a building the city has known for more than a hundred years.

Companies and contacts

Every firm on Mira Mar Residences, the office nearest it, and the people who work on it.

Common questions

Frequently asked

Where is Mira Mar Residences located?

Mira Mar Residences is located in Sarasota.

When will Mira Mar Residences be completed?

Mira Mar Residences is under construction, with completion expected in Q4 2028 (a TMW estimate).

Who is developing Mira Mar Residences?

Seaward Development is the developer behind Mira Mar Residences.

Who designed Mira Mar Residences?

Mira Mar Residences was designed by Nichols Architects, REG Architects.

How big is Mira Mar Residences?

Mira Mar Residences rises 18 stories with 70 residences.