The hotel group’s first stand-alone residential project heads to Lido Key | Business Observer
LIDO KEY – A 65 unit condominium is heading to Lido Key in 2025.
Rosewood Residences Lido Key is the first stand-alone residential project of Rosewood Hotels and Resort. The condo project, steps from the Circle of St. Armands, will be led by Naples-based luxury real estate developer The Ronto Group and real estate investment firm Wheelock Street Capital, according to a statement. Sales reservations are expected to launch in December 2021.
“This project marks a major milestone for Rosewood Hotels and Resorts, a brand that has redefined the concept of ‘residential hospitality’ since its launch over 40 years ago with the transformation of a Dallas mansion into a hotel and restaurant. luxury, ”said Brad Berry, vice president of global residential development at Rosewood Hotel Group, in the press release. “We have carefully considered how best to leverage the growth of our residential segment with our first standalone Rosewood residences and are delighted to have this opportunity to do so in partnership with The Ronto Group and Wheelock Street Capital. “
Rosewood Residences is a collection of residential villas, residences and beautiful apartments available for purchase or rental worldwide. “As lifestyle preferences continue to change and thus create an increased demand for the experience offered by Rosewood Residences, we are proud to bring this offering to market and be a part of both the growth and development. continuing developments in Florida and the luxury real estate industry. “Berry said in the statement.
Rosewood Residences Lido Key will occupy 3.5 acres of oceanfront land designed by Miami-based Swedroe Architecture, with interiors led by New York-based Lillian Wu Studio.
“This will definitely be a heritage project for The Ronto Group,” says Anthony Solomon, owner of The Ronto Group. “We are honored to bring the first stand-alone Rosewood residences to the United States and to welcome the unparalleled service and design of Rosewood in Florida.”
The residences will have an average area of approximately 4,200 square feet. On-site amenities will include:
- A private restaurant and chef services for meals and catering in residence.
- World-class fitness center with options for private workouts and yoga sessions.
- Outdoor swimming pools.
- Massage rooms.
- Private guest suites with housekeeping service.
- A living room with library and games room.
- 24 hour concierge service managed by Rosewood.
The price of the units has not been announced.
“Rosewood Residences Lido Key will be an iconic addition to the city of Sarasota,” says Hunter Jones of Wheelock Street Capital, “and we look forward to monitoring its progress. “