SARASOTA, FLA. — Indianapolis-based owner-developer Milhaus has closed on a construction loan and land sale and has broken ground on Tallevast, a 231-unit project in Sarasota. BMO provided construction financing, Marble Capital is an equity partner, and FaverGray is serving as general contractor. Completion is slated for November 2027. Located at 2750 Tallevast Road, the property is about three miles east of Sarasota Bradenton International Airport.
The community will be comprised of five three-story garden-style buildings that will house studio to three-bedroom apartments ranging from 617 to 1,357 square feet. Community amenities include a resort-style pool, a fitness center with a dedicated yoga space, coworking spaces, a clubhouse and a pet spa. Pickleball courts and electric vehicle charging stations also will be available.