Echelon on Palm To Bring 17 Luxury Condominium Residences to Downtown Sarasota- Reservations Underway

The Ronto Group of Naples, FL, announces Echelon on Palm, a new luxury condominium community that will be located in one of Sarasota’s most desirable downtown neighborhoods. Situated on tony Palm Avenue with neighboring art galleries and restaurants, the striking glass building was designed by Alcides Santiesteban, principal with Santiesteban & Associates Architects of Tampa, Florida.

Echelon on Palm will be an 18- story tower offering 15 full-floor residences of 4,155 square feet each, one half-floor residence of 3,079 square feet, and one 4,381 square foot two-level townhome. Each residence will have a private elevator entry and garage parking. Buyers will experience expansive bay and city views from terraces located on all sides of the building. Amenities include summer kitchens, a fitness center, yoga terrace, a residents’ clubroom, spacious pool area with spa, fire table and a roof top terrace for entertaining and stargazing.

Santiesteban, known for his local work including Aria, Longboat Key, The Tower Residences at The Ritz-Carlton, Sarasota and The Ovation in St. Petersburg, says Echelon on Palm will enhance the downtown skyline with its use of soaring glass and curvilinear forms. “Residences at Echelon on Palm provide flexible open floor plans more typically associated with single family residences,” explained Santiesteban. “Expansive glass walls and oversized terraces allow for 360 degree views of downtown and the waterfront…we made sure to focus on the opportunity for indoor/outdoor living space which is so important to luxury buyers today.”

Located in the heart of downtown Sarasota, Echelon on Palm is just blocks from Burns Court and Main Street—offering residents convenient access to dining, cultural offerings and shopping.

“The Sarasota market is experiencing a resurgence of interest and excitement in 2015 so it’s the perfect time to create this one-of-a-kind community to complement our development portfolio,” said Anthony Solomon, Executive Vice President of The Ronto Group. “We are also thrilled to announce the opening of our sales office and to report the response to Echelon has been tremendous, with 50% of the residences reserved in just 4 weeks”
The Echelon on Palm sales office is located onsite at 624 South Palm Avenue and is open by appointment only. Reservations are now underway with residences priced from $2,100,000 to $3,975,000. For sales information contact Amy Drake, Ascentia Realty Group, 624 South Palm Ave. 941-376-9346,
Founded in 1967 by A. Jack Solomon, The Ronto Group, Inc. is a family company now managed by Jack and his son, Anthony. The Ronto Group expanded into Southeast Florida in 1978 and into the burgeoning Southwest Florida market in the mid-1980s. The company has completed over 10,000 high-rise residences, 2,000 single-family homes, several shopping plazas and a hotel. Now based in Naples, Florida, Ronto is internationally recognized for its high-rise construction, land and luxury development expertise.
Wheelock Street Capital LLC, the financial partner in Echelon on Palm is a private real estate investment firm founded in 2008 by Merrick R. Kleeman and Jonathan H. Paul and is headquartered in Greenwich, CT and Boston, MA.

Ronto Group, Wheelock Street buy lot for Echelon on Palm

BUYER: WSR-Sarasota LLC (WSREF II NRT LLC), Greenwich, Conn.
SELLER: Timothy and Kristen Beury
PROPERTY: 624 S. Palm Ave., Sarasota
PRICE: $1.3 million
PREVIOUS PRICE: $690,000, May 2004
LAW FIRM ON DEED: Foley & Lardner LLP, Tampa

The Ronto Group plans to combine the parcel with an additional adjacent lot at 621 Gulf Stream Ave. to create a 1/3 acre of land to develop an 18-story condominium tower called Echelon on Palm.

The tower will house a total of 17 units, including a two-story townhome unit. Units will contain more than 4,000 square feet of living space and will sell for an average of more than $3 million. Amenities include a swimming pool, social room, fitness room and rooftop terrace.

“We should be opening a sales office within a week or so,” Anthony Solomon, executive vice president of The Ronto Group, says in a press release. “We’ve already been out to the market with advertising for reservations. There has been a ton of interest. We’ll be converting those to contracts and plan to begin construction toward the end of the year.”

Construction of the building is expected to take 18 months.

Solomon says, the site offered the dual benefits of unobstructed views of the Gulf of Mexico and a desirable address on Palm Avenue.

Randy Thibaut and Doug Meschko of Land Solutions Inc. represented the buyer, and Steve Horn of Ian Black Real Estate represented the seller.

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Plans unveiled for 18-story condo tower in Sarasota

Downtown Sarasota’s construction boom will continue well into 2015, the result of newly unveiled plans that include another luxury condominium tower and the first new office building in eight years.

In the larger of the two developments, the Ronto Group of Naples plans to build an 18-story condo tower between Gulf Stream and South Palm avenues, investing at least $20 million to compete in an increasingly crowded market for new residential units.

Veteran local developer Mark Kauffman, meanwhile, is preparing to construct a $4.7 million, four-story office building called Centerplex at Ringling Boulevard and Golf Street.

For Kauffman, whose properties include Courthouse Centre and the Hollywood 20/Main Plaza complex downtown, the offices become the latest in a series of new projects in or around downtown.

He already is building Payne Park Plaza, a $1.5 million office and retail development on South Washington Boulevard, near Morrill Street.

The three projects join a post-recession resurgence in downtown construction, with condos, hotels and retail space sprouting from the business district to the bayfront.

Ronto Group plans 17 units on a one-third-acre site called Echelon on Palm, executive vice president and co-owner Anthony Solomon said Tuesday.

While a number of new condos are coming online downtown and on nearby barrier islands, Solomon says demand is sufficient for more.

“The economy is doing a lot better,” he said. “People are looking for new design and new product, and it’s a good time to launch something.”

The company has purchased a parcel at 624 S. Palm, site of the La Palme Royale bed-and-breakfast, and in March will acquire another parcel at 621 Gulf Stream Ave.