An Illinois developer is moving forward with plans to build an 18-story luxury condominium tower in downtown Sarasota.
XAC Developers said Friday that the company has pulled a permit for The DeMarcay, a 39-unit tower slated for 33 S. Palm Ave. It was the last day the group could secure a permit under the existing site plan for the property.
Per the original site plan, XAC Developers will donate $50,000 to the Palm Avenue Merchant’s Association. The developer and the city of Sarasota have agreed… …read more