For now, the historic Mira Mar plaza will remain as it is, and the DeMarcay rising next to it will still tower over the beloved, century-old Palm Avenue building.
In June, the local company Development towards the sea, led by Matthew Leake and Patrick Dipinto III, applied to the City of Sarasota Historic Preservation Board for permission to demolish the building as part of its plan to construct a 10-story residential and commercial building on the property. . After the council rejected this request, the company appealed the decision. The appeal was scheduled to be considered by the Sarasota City Commission next week, but has since been taken off the agenda.
The project as proposed would include not only Mira Mar Square, but also the Mira Mar parking garage directly east of the square, on Mira Mar Court. It would also depend on Seaward purchasing the property from current owner Mark Kauffman.
In an email received by commercial tenants of Mira Mar Plaza, Property management company Red Dog Management said the purchase has been put on hold and the property “will continue under current ownership.” (A Seaward spokesperson declined to comment.)
About 40 commercial tenants, including Seaward, occupy the Mediterranean Revival style building.
During the company’s initial presentation to obtain a demolition permit, the engineers hired by the company revealed extensive damage and neglect in the century-old buildings (these are two buildings connected by a bridge), including undersized foundations, corroded wooden wall studs, framing and more. They said the repairs would cost around $22 million and take more than two years, a period during which tenants would have to vacate the property, the plaintiffs said.
Although Kauffman was not present at the meeting, he wrote in a statement that “if demolition is not permitted, we will let the leases run out over the next two years and then close the building and fence it.” , and allow it to decay over time. we can no longer pay for repairs.
Seaward built the 18-story, 23-unit Epoch luxury condo in 2018 and the 16-unit 7 One One Palm condo project and the 18-unit Park Residences of Lido Key in 2015. Kauffman, which owns other commercial properties in downtown Sarasota, including Selva Grill and McCurdy’s Comedy Theater, purchased the Mira Mar parking garage plaza and lot in 1989 for nearly $1.8 million.