Pictured: Rooftop pool at The DeMarcay.

The DeMarcay, a luxury residential condominium project by GK Real Estate in downtown Sarasota, Florida, recently received its demolition permit from the City of Sarasota and will begin removal of the two on-site structures. The process of preparing the historic facades of the DeMarcay Hotel and Roth Cigar Factory for preservation began last year and will continue throughout construction. With financing fully in place, an already approved building permit and robust sales, The DeMarcay is slated for completion in summer 2022.  “We have worked closely with the City of Sarasota and its building department on our demolition and preservation plans, and our team is thrilled to secure this permit and begin construction,” said Greg Kveton, principal at GK Real Estate, the developer of The DeMarcay. “This is a truly unique project, which required an extra level of planning and care to properly prepare and preserve both of the 100-year-old facades. We can now begin the physical process of bringing this exciting project to life.”

Pictured: Rooftop pool at The DeMarcay.

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