The City of Sarasota will soon be home to a new $50-million-dollar luxury senior market-rate rental community. The Alloro at University Groves is a proposed independent living community for adults aged fifty-five and older, and will be located off University Parkway, just west of The Mall at University Town Center in Sarasota. The maintenance-free and pet-friendly community will consist of 183 one-and-two bedroom apartments, and 10 two-bedroom penthouse suites in three residential buildings above covered parking. Each apartment will feature a screened-in balcony, a fully equipped kitchen and a washer and dryer. Apartment square footage will range from 708 square feet to 2,199 square feet, and rent will begin at approximately $1,750. There will also be a movie theater, a state-of-the-art fitness center and yoga studio, a private dining room that residents can reserve and a private salon and spa. The community will also feature a resort-style swimming pool, an outdoor kitchen and fire pit, a pickleball and bocce court and a dog park. The Alloro at University Groves’ address will be 3560 Broadway Avenue in Sarasota, and construction will begin in the coming months.

Proposed Development at University Groves