Quarterra Multifamily Announces the Start of Leasing at Cordelia Apartments
Quarterra Multifamily, a Lennar subsidiary, has begun leasing at Cordelia, a luxury high-rise community in Downtown Sarasota, Florida. The development features 240 luxury homes and 13,811 square feet of retail space. Located at 468 Quay Commons along Sarasota Bay, the property offers studio to three-bedroom apartments ranging from 558 to 1,480 square feet. Key amenities include a rooftop pool, sky terrace, fitness facilities, pet spa, co-working spaces, and a wine lounge. The development is strategically positioned near numerous dining establishments, shopping venues, and entertainment facilities, with excellent connectivity to regional employers.
Quarterra Multifamily, una filiale di Lennar, ha iniziato a locare presso Cordelia, una comunità residenziale di lusso situata nel centro di Sarasota, Florida. Il progetto comprende 240 abitazioni di lusso e 13.811 piedi quadrati di spazio commerciale. Situato al 468 Quay Commons lungo la Baia di Sarasota, l'immobile offre appartamenti da monolocali a tre camere da letto, con metrature che variano da 558 a 1.480 piedi quadrati. Tra le principali comodità ci sono una piscina sul tetto, una terrazza panoramica, strutture fitness, una spa per animali domestici, spazi di co-working e una lounge per il vino. Il progetto è strategicamente posizionato vicino a numerosi ristoranti, negozi e strutture di intrattenimento, con eccellenti collegamenti ai datori di lavoro locali.
Quarterra Multifamily, una subsidiaria de Lennar, ha comenzado a arrendar en Cordelia, una comunidad de lujo en el centro de Sarasota, Florida. El desarrollo cuenta con 240 hogares de lujo y 13,811 pies cuadrados de espacio comercial. Ubicado en 468 Quay Commons a lo largo de la Bahía de Sarasota, la propiedad ofrece apartamentos de estudio a tres habitaciones que varían entre 558 y 1,480 pies cuadrados. Las principales comodidades incluyen una piscina en la azotea, una terraza con vista al cielo, instalaciones de fitness, un spa para mascotas, espacios de co-working y una sala de vinos. El desarrollo está estratégicamente posicionado cerca de numerosos restaurantes, tiendas y facilidades de entretenimiento, con excelente conexión a empleadores regionales.
Quarterra Multifamily는 Lennar의 자회사로, 플로리다 사라소타 다운타운에 위치한 고급 고층 주거 단지 Cordelia의 임대 계약을 시작했습니다. 이 개발은 240개의 고급 주택과 13,811 평방피트의 상업 공간을 포함하고 있습니다. 사라소타 만을 따라 위치한 468 Quay Commons에 위치한 이 부동산은 스튜디오부터 3베드룸 아파트까지 558에서 1,480 평방피트에 이르는 다양한 유형의 아파트를 제공합니다. 주요 편의 시설로는 옥상 수영장, 하늘 테라스, 피트니스 시설, 애완동물 스파, 공동 작업 공간 및 와인 라운지가 있습니다. 이 개발은 여러 식당, 쇼핑 장소 및 엔터테인먼트 시설과 전략적으로 가까워 있으며, 지역 고용주들과의 뛰어난 연결성을 제공합니다.
Quarterra Multifamily, une filiale de Lennar, a commencé la location à Cordelia, une communauté résidentielle de luxe située au cœur de Sarasota, en Floride. Le développement comprend 240 logements de luxe et 13 811 pieds carrés d'espace commercial. Situé au 468 Quay Commons le long de la baie de Sarasota, la propriété propose des appartements allant du studio à trois chambres, variant de 558 à 1 480 pieds carrés. Les principales commodités comprennent une piscine sur le toit, une terrasse avec vue, des installations de fitness, un spa pour animaux de compagnie, des espaces de coworking et un salon de vin. Le développement est stratégiquement placé à proximité de nombreux restaurants, boutiques et installations de divertissement, avec d'excellentes connexions aux employeurs locaux.
Quarterra Multifamily, eine Tochtergesellschaft von Lennar, hat mit der Vermietung von Cordelia, einer Luxus-Hochhausgemeinschaft im Stadtzentrum von Sarasota, Florida, begonnen. Die Entwicklung umfasst 240 Luxuswohnungen und 13.811 Quadratfuß Einzelhandelsfläche. Die Immobilie befindet sich an der Adresse 468 Quay Commons entlang der Sarasota Bay und bietet Apartments von Studios bis zu Drei-Zimmer-Wohnungen, die von 558 bis 1.480 Quadratfuß reichen. Zu den wichtigen Annehmlichkeiten gehören ein Dachpool, eine Himmelsterrasse, Fitness-Einrichtungen, ein Haustiervspa, Coworking-Spaces und eine Wein-Lounge. Das Projekt ist strategisch günstig in der Nähe zahlreicher Restaurants, Einkaufsstätten und Unterhaltungsmöglichkeiten gelegen und bietet exzellente Anbindungen an regionale Arbeitgeber.
- Prime waterfront location in Downtown Sarasota with high-end amenities
- Diverse unit mix with 240 luxury apartments
- Additional revenue stream from 13,811 sq ft of retail space
- Strategic location near major employers and entertainment venues
- EV charging infrastructure showing forward-thinking development
- None.
Insights
The launch of Cordelia represents a strategic expansion in Sarasota's luxury multifamily market. The 240-unit development's premium positioning, with waterfront views and extensive amenities, aligns with the area's affluent demographic. While this is a positive development for Lennar's subsidiary Quarterra, the impact on LEN's overall financial performance will be relatively modest given the company's
The project's location in downtown Sarasota capitalizes on strong Florida migration trends and luxury rental demand. The mixed-use component with 13,811 square feet of retail space adds a recurring revenue stream. However, the development's contribution to Lennar's revenue will be gradual as lease-up progresses.
High-Rise Community Offers the Closest Luxury Living to the Water in Sarasota Bay
Part of a 14-acre master development, Cordelia includes 240 luxury homes and 13,811 square feet of ground floor retail space. The community sits along a central green space with spectacular views of the bay and exceptional access to downtown. Cordelia will feed off its vibrant and diverse location, combining a unique blend of urban energy and natural beauty for a distinctly upscale
"Cordelia is designed to capture and complement both downtown and bayside vibes, and offer residents the best of both worlds," said Cameron Palm, Senior Development Manager with Quarterra. "From the community's exquisite large balconies with waterfront views and top-flight amenities package to the seemingly endless dining and entertainment opportunities, residents will find themselves in an ideal place to live their best lives. It's exciting to reach this milestone in the property's development and stride one step closer to welcoming residents home."
Situated at 468 Quay Commons, Cordelia positions residents within easy reach of a myriad of downtown dining destinations. Hot spots include: 1592 Wood Fired Kitchen & Cocktails, Boca, The Breakfast House, Café Epicure, Caragiulos, C'est La Vie, Drunken Poet,
Residents will also find themselves in close proximity to shopping at Main Street, St. Armands Circle and The Mall at University Town Center, as well as the Sarasota Farmers Market. Entertainment venues, including Van Wezel Performing Arts Hall,
Cordelia is positioned along Tamiami Trail and adjacent to Fruitville Road, providing simple connectivity to the rest of
Cordelia consists of studio, one-, two- and three-bedroom apartment homes. Homes range from 558 to 1,480 square feet and are highlighted by floor-to-ceiling windows, designer pendant and sconce lighting and ceramic tile flooring in living spaces. Kitchens showcase under-cabinet lighting, stainless steel appliances, shaker cabinets, quartz countertops, islands, tile backsplashes and wine fridges. Bathrooms include oversized tubs and walk-in showers.
All residents have access to a picturesque rooftop pool, sky terrace and sun deck with outdoor bar, grill stations, fireplaces and lounge areas. Other amenity highlights include a catering kitchen, flex fitness studio, yoga studio, pet spa, maker space, co-working spaces, private dining area, wine lounge with tasting room, and gaming room with golf simulator.
About Quarterra
Quarterra Group, Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE: LEN and LEN.B), is a multi-strategy, real estate focused, alternative asset management company comprising three rapidly growing verticals: Multifamily, Single-Family Rental, and Land. Launched in 2011, Quarterra Multifamily, previously known as LMC, is among the nation's most active developers, builders, and managers and has been on the National Multi-Housing Council's (NMHC) annual Top 50 list for nine consecutive years.
Quarterra creates extraordinary communities where people can live remarkably.
www.Quarterra.com
Media Contact
Marlena DeFalco
marlena@linnelltaylor.com
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SOURCE Quarterra
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