Amaryllis Park Place

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Owner
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Sarasota, FL
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Amaryllis Park Place is a new construction senior affordable housing development in Sarasota’s Newtown neighborhood. The development will create 84 units of affordable housing for seniors ages 62 and older. The 84 one- and two-bedroom units are affordable to households with annual incomes from 35% to 60% of AMI. Sarasota Housing Authority and Smith & Henzy are partners on this project which is the first phase of the redevelopment of the former Orange Avenue and Courts public housing apartment complex. Amaryllis Park Place will contribute to the neighborhood’s other recent significant redevelopment and investment efforts including the Ringling School of Art and Design investment of over $120 million in campus improvements and expansion; Sarasota Housing Authority’s $40 million redevelopment of blighted public housing; and the City of Sarasota’s $10 million rebuild of the Robert L. Taylor Community Center and the School Board’s rebuild of Booker High School.

$22.2 million
million total development cost
90,000
gross square feet of residential space
84
units