Landmark Downtown Sarasota Hotel Torn Down for New Project
Posted on February 9, 2026
Image courtesy of the Business Observer
As seen in the Business Observer
By Elizabeth King
A new development in downtown Sarasota has taken a big step forward with an even bigger demolition: the Hyatt Regency, after more than 50 years as a landmark waterfront property just off U.S. 41, has been totally torn down.
Delray Beach-based developer Kolter Urban is overseeing the redevelopment project, which will encompass two condominium buildings, one of which will include a new hotel and restaurant.
“Another condo will go where the current Hyatt is located, and then 1000 Boulevard of the Arts is both a Hyatt Centric hotel as well as a 117-residential-unit condo building,” Kolter Urban Senior Vice President Ed Jahn says in an interview with the Business Observer. “It’s an L-shaped building…Structurally, it’s one building, but it’s two separate components.”
Get the full article form the source.
Image courtesy of the Business Observer
This rendering shows 1000 Boulevard of the Arts, which will be a 20-story tower containing a full-service hotel and luxury condominiums.
