Sarasota, Fla. – The building at 1570 Boulevard of the Arts in Sarasota, the long-time home of Badcock Furniture, has been purchased by an affiliate of Latitude 27 Properties, owned by local developer Howard Davis. The building, which is approximately 20,000 square feet, was purchased for $715,000. Kevin Robbins of Robbins Commercial Realty represented the buyer.
Located in the heart of the rapidly developing Rosemary District, the building is well known as a distinctive example of mid-twentieth-century commercial architecture. It was completed in 1957 and served as Badcock’s showroom for 50 years. The new owner plans a top-to-bottom renovation of the building that will preserve its iconic design features. The space will then be leased to tenants in creative industries.
“My team is very excited about completing the purchase of this Sarasota landmark,” said Davis. “Its expanse of storefront glass, flat roof with generous overhangs, exposed building structure and other elements make it a unique example of Sarasota’s architectural heritage. Our plan is to undertake a complete renovation, respecting the building while bringing it up to today’s standards. When completed, the building will provide one-of-a-kind space for a community of tenants, most likely engaged in creative endeavors. The initial response to our concept has been very encouraging.”
Construction will begin soon, with completion scheduled for fall 2016. The architect for the project will be Sarasota’s Sweet Sparkman Architects.
About Latitude 27 Properties
Latitude 27 Properties is a Sarasota-based real estate development company with Davis at the helm. The company’s first local project was an innovative single-family home in a West-of-the-Trail neighborhood. Three new projects are now underway, including the Badcock showroom renovation.
Davis, based in Boston for over 30 years, grew up near Miami and is excited to return to Florida. He’s worked on projects throughout the country ranging from single-family homes to convention centers, comprising millions of square feet and billions of dollars in value. Most of his projects have received awards for design innovation and excellence. Through Latitude 27 Properties, Davis’ objective is to undertake precedent-setting projects that provide distinctive places to live and work and make a positive contribution to Sarasota’s built environment.