Greystar Closes on Land For Marlowe Sarasota
Sarasota, FL – March 11, 2025 – Greystar, a global leader in rental housing, investment management, development, and property management, today announced the successful land, venture, and loan closing for a new residential development in Sarasota, Florida, with groundbreaking expected later this month.
Marlowe Sarasota will be a 336-unit garden-style development with a mix of one-, two-, and three-bedroom residences. The community will include expansive amenities such as a detached clubhouse with a 24/7 gym, coworking space, resort-style pool, outdoor entertainment areas, and a dog park, all surrounding a centralized pond with walking path.
"We are thrilled to expand our presence in the Sarasota-Bradenton market which marks our fourth development in the area. Marlowe Sarasota is well-positioned to meet the region’s strong rental demand by offering residents a high-quality living experience in a secluded, yet well-connected location," said Lewis Stoneburner, Senior Managing Director for Greystar Development.
The site is located on approximately 17 acres within the SRQ Logistics Center at University Parkway and U.S. 301. The development provides convenient access to major employment hubs, numerous retail shopping centers, and recreational amenities throughout the area, including downtown Sarasota, downtown Bradenton, University Town Center Mall, and some of the most sought-after beaches on the west coast of Florida.
"We are committed to the Sarasota-Bradenton market and have always been attracted to this corridor due to its accessibility to employment, retail and recreational amenities. We are excited to announce this milestone and look forward to many more.” added David King, Managing Director for Greystar Development.
Construction will begin in March and is expected to be completed in Winter 2026.
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About Greystar
Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar manages and operates nearly $315 billion of real estate in approximately 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. With a focus on doing things the right way, Greystar is driven by the vision of delivering world-class results with integrity. Greystar is the largest operator of apartments in the United States, manages over 1 million units/beds globally, and has a robust institutional investment management platform comprised of over $78 billion of assets under management, including approximately $36 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business.
Media Inquiries
Bailey Zaunbrecher
bailey.zaunbrecher@greystar.com