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SRQ DAILY Aug 4, 2015

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"I do think there will be a continuation, based on available 'A' location sites."

- Michael Moulton, Michael Saunders and Company
 

[Real Estate]  Condo Demand Up If Land Available
Jacob Ogles, jacob.ogles@srqme.com

With most of the units in the building already sold, construction on the Aqua luxury condominium development at Golden Gate Point is now underway. Real estate experts say there is still demand in the market for more luxury units, so long as there remain places to build.

Developers Jonathan McCague and Michael Adams announced Aqua is moving along in the construction phase. The eight-story development is made up of full-floor residences with 360-degree water views. Construction is projected to be completed by July 2016. Joel Schemmel, a real estate agent with Premier Sotheby’s International Realty, said five of the units have already been sold, but the second, fourth and fifth floors are still up for grabs, ranging in price from $2.995 million to $3.995 million. “We’ll beat a number of other projects to the finish line,” Schemmel said. 

And there are plenty of projects out there, both in urban venues like downtown Sarasota or waterfront locales like Longboat Key. Michael Moulton, a Realtor with Michael Saunders and Company specializing in luxury properties, said high-end properties look like they will continue selling for the foreseeable future. “I do think there will be a continuation, based on available ‘A’ location sites,” he said. “There is only so much waterfront property.” 

Moulton said projects like Aqua, which have a small number of units and therefore don’t require intense density, could grow in popularity; he said he has a piece of sale on the Gulf on Longboat Key that could house four condominiums if an owner wanted to build them. Whether land can meet demand or not, demand does exist, especially as many buyers want new units and the Great Recession saw an almost complete stoppage in condo construction. 

[Exec Moves]  Venice Regional Hires Interim CEO, CNO

Venice Regional Bayfront Health recruited two hospital executives to serve to provide administrative leadership as the search for a permanent chief executive officer proceeds. Jeff Reece joined the hospital as interim chief executive officer and Peggy Greene is returning as interim chief nursing officer. Reece most recently served as interim CEO at North Okaloosa Medical Center in Crestview. Over the past 10 years, he served in various executive roles at hospitals in South Carolina after beginning his career as a paramedic and registered nurse. Greene is a 30-year clinical administration veteran who served Venice Regional as interim CNO in fall 2014. She has served as CNO at hospitals and hospice facilities in Florida and Maryland in addition to teaching nursing at College of Notre Dame of Maryland and Florida Gulf Coast University. The moves come after the sudden resignation of CEO Peter Wozniak and as the hospital responds to a critical report that said the hospital must bring procedures and facilities in compliance following a May sewage leak. 

Venice Regional Bayfront Health

[Exec Moves]  Tandem Hires Segal

Tandem Construction announced the hire of Todd Segal, who joined the Tandem team as a project superintendent. Within this role, Segal will lead Tandem’s field teams in delivering projects to clients. He has 18 years of construction management experience and is a graduate of Daytona State College. 

Tandem Construction

SRQ Media Group

SRQ DAILY is produced by SRQ | The Magazine. Note: The views and opinions expressed in the Saturday Perspectives Edition and in the Letters department of SRQ DAILY are those of the author(s) and do not imply endorsement by SRQ Media. Senior Editor Jacob Ogles edits the Saturday Perspective Edition, Letters and Guest Contributor columns.In the CocoTele department, SRQ DAILY is providing excerpts from news releases as a public service. Reference to any specific product or entity does not constitute an endorsement or recommendation by SRQ DAILY. The views expressed by individuals are their own and their appearance in this section does not imply an endorsement of them or any entity they represent. For rates on SRQ DAILY banner advertising and sponsored content opportunities, please contact Ashley Ryan Cannon at 941-365-7702 x211 or via email

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