Bayside North Secures $43M Loan, Moves Ahead in Rosemary District
Key Questions
How much financing was secured for the Bayside North project?
Allen Morris Co. closed a $43M construction loan with Affinius Capital and Axonic Capital for the 96-unit Bayside North project. This funding supports the second phase of Bayshore Apartments in Sarasota.
What amenities and features will Bayside North include?
The development will feature workforce housing, a restaurant, a pickleball court, and a sky bridge. It represents a major residential and commercial project in the Rosemary District.
When will construction begin on Bayside North?
Construction is scheduled to start soon following the loan closing. The project advances development in Sarasota's Rosemary District with its mix of housing and commercial elements.
Allen Morris Co. closed a $43M construction loan with Affinius Capital and Axonic Capital for the 96-unit Bayside North project. Includes workforce housing, restaurant, pickleball court, and sky bridge. Construction starting soon, marking a major residential and commercial development in the Rosemary District.