Changing North Trail - Summer 2004

Even with historic anchors like New College, Ringling Museum, Ringling School and Sarasota Bay Club, north Tamiami Trail real estate never really took off. Clearly that has changed,  largely due to the strong market of the past few years. The Alanari, Broadway with a Publix, and San Marco are just a few projects soon to come out of the ground and many of the smaller sites are the focus of keen eyes for redevelopment. How does this activity translate into dollars? Land zoned “North Trail” now sells for approximately $35 per square foot when just three years ago the prices were in the $8 per square foot range.