Océane Siesta Key Development Update
Construction is expected to commence this month on Océane, six ultra-luxury condominium residences on Siesta Key. “We have met all pre-construction milestones,” said developer Randy Moore of Crossgate Partners, “and expect to break ground in January.”
FEMA Permit for Seawall Addition
Crossgate Partners received the final FEMA permit for a seawall addition that will take the project out of the velocity zone. Results of this major permit approval include:
- Reduce insurance costs up to 60%
- Improved garage enclosures
- Air-conditioned lobby
- 300 square foot office addition on the ground floor for concierge
Final building permits have been sent to Sarasota County. Final building permit is expected to be available in the next 7-10 days.
Crossgate Partners has selected Gilbane Building Company for construction of Océane, and has fully executed an AIA contract with Gilbane.
Crossgate Partners expects to break ground in January 2018 with completion of the project in 12-14 months.