This gift agreement underscores One Park Sarasota’s commitment to supporting the growth and evolution of The Bay Park and Downtown Sarasota
SARASOTA, Fla. – April 13, 2022 – One Park Sarasota, a luxury condominium development overlooking The Bay Park, is pleased to announce its support of The Bay Park Conservancy (BPC), the non-profit organization responsible for overseeing the redevelopment of 53 acres of City-owned land along Sarasota Bay into an iconic public park.
One Park Sarasota, a luxurious 149-unit property co-developed by national developer PMG and Sarasota-based JEBCO Ventures, has committed a $100,000 sponsorship toward The Bay’s Grand Opening Celebration and pledged $1 million towards capital improvements throughout Phase 1.
“The Bay Park Conservancy appreciates the generosity of One Park and their shared commitment towards investing in The Bay Park, the most valuable community asset in Sarasota, and one that is accessible, free, and open to the full diversity of Sarasota,” says AG Lafley, Founding CEO of The Bay Park Conservancy.
“The Bay Park is an incredible addition to the Sarasota community and we are thrilled to be supporters of the cause,” said Dan Kaplan, Managing Partner at PMG. “PMG has been confident in the robust growth of Florida’s west coast for years now. We are grateful to play a direct part in it with this commitment to Sarasota’s Bay Park project, which will improve the lives of residents and visitors alike with activated spaces idyllically located in the heart of Downtown Sarasota.”
“As a Sarasota local and resident for over four decades, I am a steadfast proponent of our community and I am so pleased One Park is committing to the growth of its future. The Bay Park will serve as a central hub for the community and a gorgeous addition of green space for all to enjoy,” said Kim Githler, Managing Partner of JEBCO Ventures. “We are also looking forward to commemorating The Bay’s Grand Opening later this year as a sponsor of the celebration.”
The Bay is a community-led civic initiative to transform 53 acres of city-owned land into an iconic public park on Sarasota Bay. Phase 1 of the park will open in October 2022, which will include award-winning features such as the Common Ground lawns, the Mangrove Bayou Walkway and outdoor Reading Room, an ADA-accessible paddle launch, an artistic playspace and concession pavilion, restored and preserved mangroves and shorelines, and more. For more information about The Bay Park Conservancy, visit www.thebaysarasota.org
About PMG
Founded in 1991 by Kevin Maloney, Property Markets Group (PMG) has gone from a local real estate operator based in New York City to a national investment, development, and asset management firm focused on large scale multi-family and for-sale condominium product, as well as select high-performing commercial holdings.
Today PMG is run by Managing Partners Ryan Shear and Dan Kaplan, currently operating projects across Florida, New York, Colorado, Arizona, Tennessee, and Georgia. Their vertically integrated team has departments specializing in acquisitions and land use, design and architecture, construction management, capital markets, asset management, sales and marketing, as well as significant in-house legal and accounting capabilities.
PMG’s current multi-billion dollar nationwide portfolio includes assets across pre-development, construction, lease-up, and sell out, totaling more than 8,500 residential units and over 16 million square feet of development. Rental projects under the Society Living brand platform include locations in Denver, Nashville, Atlanta, Brooklyn, Orlando, Fort Lauderdale and Miami. Notable current condominium projects include 111 West 57th Street in New York City, both E11EVEN Hotel & Residences and Waldorf Astoria Hotel & Residences in Miami, and Sage Longboat Key Residences outside Sarasota. Additionally, PMG is growing its Affordable Housing division nationally. For more information, please visit propertymg.com.
About JEBCO Ventures
Kim Githler and Jim Bridges of JEBCO Ventures are the local co-developers of One Park with PMG. Developing a wide range of condominiums, hotels, mixed-use developments, shopping centers and more. Their combined development experience includes projects such as The Phoenix condominium, Vista Bay Point Condominiums on Golden Gate Point, The “Q” Townhome Project on Ringling Boulevard and The Strand Condos – a 147-unit project, Beau Ciel and previous ownership and extensive renovation of the Hyatt, located next door to One Park on the Boulevard of the Arts.
About One Park Sarasota
One Park Sarasota will be an iconic property nestled alongside The Bay Park on Boulevard of the Arts and N Tamiami Trail. Designed by Sarasota-based firm Hoyt Architects, the 149-unit property will create a serene and relaxing living experience, complemented by over 63,000 square feet of curated amenities, an unparalleled level of service, and stunning views of The Bay Park, Sarasota Bay and the city skyline. For more information, please visitwww.OneParkSarasota.com.
About The Bay
The approved Bay master plan will conserve 53 acres of city-owned land and create an iconic public park along Sarasota Bay. The Park will cost about $100-150 million and will take between 7-10 years, over 3 or more phases to complete. The Blue Pagoda serves as a welcome center for visitors and an on-site office for The Bay Park Conservancy. For more information or general inquiries about this initiative, please visit www.thebaysarasota.org or call 941-203-5316.
About The Bay Park Conservancy
The Bay Park Conservancy (BPC) was formed as a 501c3 not-for-profit organization in 2019 to implement the master plan approved by the Sarasota City Commission to conserve 53 acres of public land for a community park on Sarasota Bay. The BPC entered a long-term partnership with the City and will fund, develop, operate, and sustain the park for the benefit of the community, now, and for generations to come. For more information, visit www.thebaysarasota.org.