(17 Sep 2021) Rosewood has signed its very first stand-alone residential project.
Spearheaded by luxury real estate developer, The Ronto Group and real estate investment firm, Wheelock Street Capital, the Rosewood Residences Lido Key will be located along one of America’s most beautiful beaches off the coast of Sarasota, Florida, just a short walk from St. Armands circle.
The 65-unit condominium is scheduled for completion in 2025, with sales reservations expected to begin in December 2021.
“This project marks a major milestone for Rosewood Hotels & Resorts, a brand that has redefined the concept of ‘residential hospitality’ since it first launched over 40 years ago with the transformation of a mansion in Dallas into an ultra-luxury hotel and restaurant,” said Brad Berry, vice president of Global Residential Development at Rosewood Hotel Group. “We have been carefully considering how best to build upon the growth of our residential segment with our first stand-alone Rosewood Residences and are thrilled to have this opportunity to do so in partnership with The Ronto Group and Wheelock Street Capital. Especially now, as lifestyle preferences continue to shift and thereby create an increased demand for the experience that Rosewood Residences provides, we’re proud to bring this offering to the market and to be a part of both Florida’s and the luxury real estate industry’s continued growth and evolution.”
Rosewood Residences Lido Key will occupy 3.5 prime acres of beachfront real estate designed by Miami-based Swedroe Architecture, with interiors spearheaded by New York-based Lillian Wu Studio.
The residences will average approximately 4,200 square feet in size. Onsite amenities will include a private restaurant and chef services for in-residence dining and catering, a fitness center with options for private training and yoga sessions, outdoor pools, massage rooms, private guest suites with housekeeping service, lounge featuring library and game room, and a 24-hour concierge all managed by Rosewood.
“This is sure to be a legacy project for The Ronto Group,” said Anthony Solomon, owner of The Ronto Group. “We are honored to bring the first stand-alone Rosewood Residences to the United States and to welcome the unparalleled Rosewood service and design to Florida.”