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Sarasota Floridian Secures Construction Financing for Floridian Club of Sarasota

Trez Forman Capital Group Arranges $44.8M Loan for Residential Community in Venice
February 14, 2018
Sarasota Floridian LLC secured a $44.8 million construction loan for its proposed The Floridian Club of Sarasota apartments located at 2445 E. Venice Ave. in Venice, FL.

Ben Jacobson of Trez Forman Capital Group arranged the financing on behalf of the borrower.

"We are bullish on housing aimed at baby boomers," said Brett Forman, CEO of Trez Forman. "As more and more enter retirement, they will be looking for lifestyles like the one The Floridian Club offers. And many people in this older demographic will be more interested in renting vs owning like they have in years past."

With financing in place, development is slated to begin on the 309-unit multifamily property. When completed in the first half of 2019, the community will encompass more than 400,000 square feet of space and offer a number of amenities designed for active seniors, including an infinity-edge pool and separate lap pool, fitness center, café, club room, pickleball courts, pet spa, outdoor barbecue area and walking trails.

Sarasota Floridian LLC owns the 50-acre site. Barrington Group Inc. is the project developer, with Sarasota-based The Starling Group, architect.
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