US: The 65-unit Rosewood Residences Lido Key, located in Sarasota, Florida, is expected to be completed in 2025 with sales reservations to launch in December 2021.
The project, spearheaded by real estate developer The Ronto Group and real estate investment firm Wheelock Street Capital, will occupy 3.5 acres of beachfront. It will be designed by Miami-based Swedroe Architecture with interiors by New York-based Lillian Wu Studio.
Residences will average approximately 4,200 square feet in size. On site amenities include a private restaurant and chef service for in-residence dining and catering, a fitness centre with private training and yoga sessions, outdoor pools, massage rooms, private guest suites with housekeeping service, a lounge with library and games room, and a 24-hour concierge.
The residences will be for purchase only, and no rentals will be available. It marks the first stand-alone residential project for Rosewood Hotels & Resorts.
Brad Berry, vice president of global residential development at Rosewood Hotel Group, said: “[Rosewood Residences Lido Key] marks a major milestone for Rosewood Hotels & Resorts, a brand that has redefined the concept of ‘residential hospitality’ since it first launched over 40 years ago with the transformation of a mansion in Dallas into an ultra-luxury hotel and restaurant. We have been carefully considering how best to build upon the growth of our residential segment with our first stand-alone Rosewood Residences and are thrilled to have this opportunity to do so in partnership with The Ronto Group and Wheelock Street Capital.
“Especially now, as lifestyle preferences continue to shift and thereby create an increased demand for the experience that Rosewood Residences provides, we’re proud to bring this offering to the market and to be a part of both Florida’s and the luxury real estate industry’s continued growth and evolution.”
Anthony Solomon, owner of The Ronto Group, said: “This is sure to be a legacy project for The Ronto Group. We are honoured to bring the first stand-alone Rosewood Residences to the United States and to welcome the unparalleled Rosewood service and design to Florida.”
Hunter Jones of Wheelock Street Capital added: “Rosewood Residences Lido Key will be an iconic addition to the city of Sarasota, and we look forward to watching its progress.”
Rosewood Residences is a collection of residential villas, estate homes, and apartments available for purchase or rent. They are designed for both short and long-term stays. Currently in Rosewood’s development pipeline, around 50 per cent of all projects include a residential component.
Additional launches from Rosewood include the group’s membership club Carlyle & Co, located in Hong Kong.
