Vélez Smith Collection

Vélez Smith Collection

Plaza at Five Points

Condominium Building

Plaza at Five Points

Fifty residences above the very intersection that gave downtown Sarasota its shape.

Plaza at Five Points stands where Main Street meets Central Avenue at the five-way crossing that anchors downtown Sarasota, directly across from Five Points Park and Selby Library. Completed in June 2005, the 16-story neoclassical tower layers 50 condominium residences over Class A offices and street-level retail — city living with the whole of Main Street at the front door.

Completed
June 2005
Residences
50
Stories
16
Developer
Ersa Grae Corporation
Architect
ADP Group Inc.
Builder
Kraft Construction
Podium
Class A offices, street-level retail, secured parking

Timeline

  1. October 2003

    Construction begins on the $75 million mixed-use tower at the Five Points intersection

  2. June 2005

    Building completed; 50 residences over Class A offices and retail open at 50 Central Avenue

Overview

Few downtown Sarasota addresses are as literal about their location as this one. Plaza at Five Points occupies the block where Main Street, Central Avenue, and First Street converge at the historic Five Points intersection — the crossing that has organized downtown since the city's earliest days. The tower was developed by Houston-based Ersa Grae Corporation, designed by Sarasota's ADP Group Inc., and built by Kraft Construction, breaking ground in October 2003 and finishing in June 2005 as a significant mixed-use project for its era. The building's structure tells you how it lives: retail, offices, and secured parking fill the lower nine levels, while the 50 residences occupy the top seven floors — lifting every home well above the street and opening views across downtown rooftops toward Sarasota Bay. That podium includes about 87,000 square feet of Class A office space and more than 14,000 square feet of retail, so the building participates in downtown's daily rhythm rather than merely overlooking it. Two decades on, Plaza at Five Points remains one of the established names in the downtown core, prized for a walk-to-everything position that newer towers farther from Main Street cannot quite replicate.

Residences

The 50 residences begin roughly ten stories up, spread across the tower's top seven floors. Floor plans run from about 1,600 square feet to more than 4,100 square feet in two- and three-bedroom configurations, with larger combined and penthouse-scale layouts at the top. Original finishes reflected the building's mid-2000s pedigree — European-style cabinetry, granite counters, and stainless appliances — and many homes have since been renovated to current tastes, so interiors vary from classic to fully contemporary. Because the residential floors sit atop a nine-level commercial podium, even the lowest homes enjoy elevated outlooks; higher floors look over the surrounding rooftops toward the bay to the west and the city grid to the east.

Amenities

The amenity level centers on a heated rooftop pool and spa with a sundeck positioned for skyline and bay views, joined by an outdoor grilling area and a screened cabana with fireplace. Inside, residents have a fitness center, a club room with catering kitchen, fireplace, and wet bar, a boardroom and library for quiet work, and a private guest suite for visiting company. Concierge service — described by building profiles as 24-hour — plus on-site management, valet and secured garage parking, and climate-controlled storage round out the services. The association permits up to two pets per residence, each up to 35 pounds.

Location

This is the geographic center of walkable downtown Sarasota. Five Points Park is directly across the intersection, with Selby Library — the county's downtown branch — on the park's edge, so both are under a minute from the lobby. Main Street's restaurants, shops, galleries, and theaters begin at the building's doorstep and run east toward Lemon and Orange Avenues. Whole Foods Market is a block north on First Street, the Sarasota Opera House sits a short block away on Pineapple Avenue, and the Palm Avenue gallery district is a few minutes' stroll south. Head west down Main and the sidewalk delivers you to Bayfront Park and Marina Jack in about five minutes, where the bayfront path, marina, and sunset views take over.

Lifestyle

Days here are organized on foot. Morning coffee comes from a Main Street café, with the paper read on a bench in Five Points Park; errands mean a one-block walk to Whole Foods rather than a drive. Evenings might start with a gallery opening on Palm Avenue, continue to a performance at the Sarasota Opera House or a film downtown, and end at a restaurant a few doors from home. Weekends leave room for the bayfront — a walk past Marina Jack's docks, sunset over the mooring field — before the elevator carries you back above it all to the rooftop pool deck. It is downtown Sarasota lived at its original crossroads.

Frequently Asked Questions

When was Plaza at Five Points built and who developed it?

The tower was developed by Houston-based Ersa Grae Corporation, designed by ADP Group Inc. of Sarasota, and built by Kraft Construction. Construction began in October 2003 and the building was completed in June 2005.

How many residences does Plaza at Five Points have?

The building contains 50 condominium residences occupying the top seven of its 16 stories. Some listing sites cite 52 units, but the developer and construction-industry accounts both report 50. Floor plans range from roughly 1,600 to more than 4,100 square feet.

Is Plaza at Five Points a mixed-use building?

Yes. The lower nine levels hold about 87,000 square feet of Class A office space, more than 14,000 square feet of street-level retail, and secured parking, with all residences stacked above. Residents enter through a private lobby separate from the commercial spaces.

What amenities does the building offer?

Amenities include a heated rooftop pool and spa with sundeck, fitness center, club room with catering kitchen, boardroom and library, private guest suite, outdoor grilling area, concierge service, valet and secured parking, and climate-controlled storage.

Is Plaza at Five Points pet friendly?

Yes, with limits. Building profiles report the association allows up to two pets per residence with a maximum weight of 35 pounds each. Confirm current pet and lease policies directly with the association before purchasing, as rules can change.

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