Frequently Asked Questions
How will this redevelopment impact traffic?
Siesta Promenade will not be a regional shopping center destination. At less than 140,000 SF, the small retail space is oriented to serve the neighborhood it is in and capture existing traffic that is already passing by the site currently. Still, we understand traffic is one of the top issues of importance to the community, and the current plan has incorporated significant measures to ensure safer, more efficient vehicular flow while balancing the competing interests of the neighborhood, development, and community at large.
A detailed traffic analysis thoroughly reviewed by the FDOT and Sarasota County found Siesta Promenade will generate approximately 602 net, new external weekday p.m. peak-hour automobile trips and 811 net, new external Saturday peak hour automobile trips, acknowledging the internal capture, pass-by capture, and multi-modal interaction that will take place. However, when compared to a development allowed with a Commercial General rezone (150 hotel rooms & 250,000 SF retail), the current proposal creates 20% fewer weekday peak-hour trips and 24% fewer weekend peak hour trips. This difference underscores the fact that the current mixed-use CAP plan proposed is the right mix of uses for the area.
For a detailed list of the traffic improvements proposed and the various shuttle and transit amenities proposed, please click here.
What environmental remediation has take place on the site?
Benderson acquired the property as a rundown 300+ unit mobile home park, office building and contaminated gas station. The contamination was caused by a discharge consisting of tetrachloroethene discovered during an internal sampling event. This soil and groundwater contamination was remediated and site rehabilitation requirements were satisfied to revitalize the environment according to standards set by the Florida Department of Environmental Protection (DEP). Read the Florida DEP’s Site Rehabilitation Completion order here.
Why is a CAP designation requested?
The proposed site is at the center of two major thoroughfare roads, and it has long been considered eligible and appropriate CAP designation. Applying a CAP to the only redevelopment parcels at this intersection that have zoning that is non-conforming, is exactly what was intended by the process to provide more compatible and better planned development. An urban infill project like this makes sense to provide the community with greater benefits and less impacts.
What can be developed as of right?
The County amended the property’s FLU Map designation to Commercial Center and Commercial Corridor, which allows for various zoning categories including Commercial General (CG). However, the original zoning was never updated, so as it stands today, mobile homes and various commercial uses, such as a gas station, could be resurrected on the site.
Benderson has made every effort to be responsive to community input and compromise where possible, and we believe the current mix of uses is the optimal concept. However, there are still other development scenarios in which there could be significantly greater impacts. For example, Commercial Corridor allows unlimited retail or office space. Current plans for Siesta Promenade could also request up to 25 units per acre instead of the 20 units per acre currently proposed.
How does the height of Siesta Promenade compare to the height of the Vue downtown?
The Vue is a 19-story building with a rooftop bar situated with little setback from the street. Siesta Promenade’s tallest residential building is 65 feet, or 5 stories, situated 100 feet from Glencoe Avenue. This building is also wrapped into the center of the development so building heights transition down to the surrounding neighborhood. Code allows building heights of 35 feet as of right and up to 85 feet by Special Exception for this site.
Do we really need more retail?
Vacant space is low in the market. Mixed-use redevelopment spurs revitalization and enhances the development potential of neighboring properties. Quality development creates new opportunities to revitalize the old strip mall type properties US 41. Defunct shopping centers that have maximized their return on lease cycles often stop reinvesting in the property. Mixed use redevelopment forces reinvestment that attracts quality tenants that are new to the market as well as positive transitions on properties nearby.
What retail and hotel tenants will occupy the space?
While specific tenants are not yet available, retail space is intended for services such as a grocery store, restaurants and small shop space. Please stay tuned for exciting announcements as the project progresses.
Benderson Development’s hotel company, Buffalo Lodging, owns and operates nearly 50 hotels across the United States. This extension of the family business is the recipient of numerous accolades, including the 2017 Torchbearer Award, InterContinental Hotel Groups’ most prestigious award; The Radisson President’s Award for 6 consecutive years; Marriott’s Platinum Circle Award; Choice Hotels Gold Award; Hilton’s CEO Light and Warmth Award; Hilton’s Circle of Excellence Award.
Are pricing & floor plans available for the residences?
At this time, Siesta Promenade is in the early stages of the entitlement process, and specific floor plans and unit pricing are not yet available.
Please check back for updates or email firstname.lastname@example.org to receive this information by email as it becomes available.
Are any residential units designated as affordable housing units?
Yes, 15% of the residential units above base density at Siesta Promenade will be designated as affordable to 80% of AMI households. To incentivize this provision of affordable housing, developments are often granted bonus density, which allows for a greater density level than allowed by existing zoning in exchange for the creation of public amenities, or in this case, affordable housing.
It’s easy to register your support & help make Siesta Promenade a reality. After years of community input and collaboration, we need your help to bring this proposal to fruition.