One Park Sarasota is an 18-story luxury condominium under construction at 668 Quay Commons in The Quay, the bayfront redevelopment district just north of downtown Sarasota off North Tamiami Trail and Boulevard of the Arts. It is being developed by national real estate company Property Markets Group (PMG) in partnership with MoneyShow, with Sarasota-based Hoyt Architects as architect (Your Observer, Florida YIMBY, 2024).
The building is planned for 86 residences across 18 stories, with two, three, four, and five-bedroom layouts reported in the roughly 2,700 to 4,000 square foot range and a penthouse collection of larger homes with private rooftops, summer kitchens, and plunge pools. One full floor is dedicated to amenities. Confirm the exact unit mix, square footage, and finish schedule against the current developer offering documents.
Because this is a pre-construction condominium, the money read is not a resale comp set, it is the developer documents. PMG and MoneyShow broke ground in October 2024 and closed a 208 million dollar construction loan in March 2025, with completion publicly slated for 2027 (Business Observer, 2025). Until delivery, your contract terms, deposit schedule, and the budgeted first-year dues and reserves drive the decision.
The pitch is a walkable downtown bayfront address with resort-style amenities steps from Sarasota Bay, The Bay Park, and the shops and restaurants of the Quay and Boulevard of the Arts. The work is reading the purchase agreement, the SIRS and reserve budget on a new high-rise, and the waterfront flood and insurance picture before you commit.