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@user9933669105822:
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Monday 09 November 2026 23:47:30 GMT
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Use of land pledged to mixed-use development Kendal Asbury The largest workforce housing provider in Sarasota aims to transform a vacant parcel owned by a luxury real estate executive into an attainable apartment complex across from Payne Park as its next development. One Stop Housing, the builder of some of the lowest-priced housing across Manatee and Sarasota counties, has set its sights on a 0.875-acre property at 295 School Ave. for its next attainable development. The project, aptly named On The Park, is a proposed project that will consist of 48 residential units priced at or below 60% of the area median income, according to site plans. Mark Vengroff, CEO of One Stop Housing, told the Herald-Tribune that this mixed-use development is in a “beautiful” area across from the 29-acre lush community park – complete with walking trails, a playground and public art – and will allow for numerous families to “have sustainability and balance in their life.” With slated completion for early 2028, On The Park will include 22 studio spaces and 20 one-bedroom units, along with six two-bedroom apartments. The attainable accommodations range from 397 to 954 square feet, according to the project plans submitted to the city. About 24 of the attainable units will be reserved for local law enforcement officers, Vengroff said, and there is a dispatch right next to the complex. The remaining half of the units will be open to anyone in need of workforce housing, regardless of profession. The five-story development will include 1,300 square feet of retail space on the ground floor, which will likely be rented to a small coffee shop or restaurant, he added. Michael Saunders, founder and CEO of one of the most prominent luxury real estate companies in the region, is the current owner of the property and has committed her land to the project, Vengroff said. “She could’ve made a pretty penny on this property,” Vengroff said. “But she decided to contribute her land for something like this, to provide affordable housing for people in Sarasota.” Saunders told the Herald-Tribune that she had previously received offers to sell the property for up to $3.5 million but instead wanted to do something to contribute toward solving the lack of attainable housing for Sarasota residents. Consequently, Saunders said the project is “near and dear” to her heart. Not only is the development going to create numerous attainable units, but it is also “well-designed and well-located” affordable housing near the downtown core. “I have always wanted my life to be true to my principles and values. They have always meant more to me than money,” Saunders said. While Saunders plans to maintain ownership of the property, she has donated its use to Vengroff ’s cause. However, she said that the governmental approval process to make the partnership possible was “very complex, convoluted, difficult and time-consuming,” and if the community wants to see more affordable housing in good locations, that the process should be analyzed. According to the Sarasota County Property Appraiser, Saunders purchased the parcel in 2010 as part of a two-parcel transaction totaling 9.55 acres for $7.6 million. Property records link ownership to Quincy Real Estate Holdings, LLC, an entity connected to Saunders. The parcel, located within the downtown edge zoning (DTE), was previously approved commercial development space, to be a 100-room hotel, restaurant or office space. Before that, it was initially going to be the headquarters for Michael Saunders & Company, before the 1605 Main St. space became available.
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