Vélez Smith Collection
The Palm
Condominium Building
The Palm
A 12-residence, five-story condominium planned for South Palm Avenue.
The Palm is a 12-residence condominium at 625 South Palm Avenue in downtown Sarasota. Official project and architect materials describe a five-story building with three residences per residential floor, private outdoor areas, and amenity spaces arranged from the ground level to the roof. The project broke ground in January 2025 with a third-quarter 2026 completion projection; no primary-source completion or opening announcement was located as of September 7, 2026.
- Status
- Completion projected for Q3 2026; not independently confirmed complete as of September 2026
- Residences
- 12
- Stories
- 5
- Developer
- LV7 Investment Group
- Architect
- Hoyt Architects
- Published residence sizes
- 2,115 to more than 3,300 square feet
Timeline
January 2025
Developer announcement reported that The Palm had broken ground
2026-Q3
Previously projected completion window; completion not confirmed by a primary source as of September 2026
Overview
The Palm is a boutique-scale condominium project at 625 South Palm Avenue, in the downtown Sarasota street grid near galleries, restaurants, and the bayfront. The current project site and Hoyt Architects describe a five-story building with 12 residences. Its organization is intentionally compact: three residences occupy each residential floor rather than a long corridor of units. The project is being developed by LV7 Investment Group, and Hoyt Architects identifies LV7 as its client. The building is part of a changing stretch of South Palm Avenue where established gallery and restaurant blocks meet new residential construction. Official project materials describe two- and three-bedroom residence configurations, with dens on selected plans. The current published residence range runs from 2,115 to more than 3,300 square feet. An earlier project article used a different range, so this guide relies on the current residence page and the architect's current project page. The Palm was announced as under construction in January 2025, with completion projected for the third quarter of 2026. That projection is not proof of completion. As of this page's verification date, no developer announcement, certificate-of-occupancy record, or official opening notice was located. The careful public description is a five-story condominium project with a stated delivery projection, not a finished building.
Residences
The Palm's published plans center on open interior layouts, private terraces, and a small number of homes per floor. The developer lists two- and three-bedroom residences with two to three-and-a-half bathrooms, and several plans include a den or home office. The current project materials place the residence sizes from 2,115 to more than 3,300 square feet. Hoyt Architects describes the building as modern, with oversized terraces facing Sarasota Bay and additional bedroom balconies. The official materials also describe full-height sliding glass doors and windows, glass-railed terraces, and access-controlled elevators that open to private residence entry foyers. Interior specifications in the project material include stone or marble countertops, designer fixtures, walk-in closets, and contemporary finishes. These are published design intentions and plan-level details, not a substitute for reviewing a particular residence's final specifications. Individual layouts, elevations, finish packages, terrace dimensions, and included equipment should be confirmed with the sales team and final contract documents. The stable design idea is clear: a low-rise condominium with a limited number of residences, substantial exterior space, and a vertical arrangement that gives each floor only three homes. That scale distinguishes the building from the larger towers elsewhere in downtown.
Amenities
The Palm's official materials describe amenity areas distributed across several levels. At ground level, the plan includes a heated zero-edge pool, sun shelf, whirlpool spa, and tropical landscaping around the pool area. The project also identifies a fitness center with cardio, stretching, and strength-training equipment, plus a private meeting room intended for work and small gatherings. A second-level deck is described with landscaping, cabanas, and lounge seating. The developer also references a rooftop amenity deck for private events and sunset viewing. These published spaces create a layered arrangement rather than one large shared campus: water and landscaping near the ground, additional outdoor space above, and a roof-level setting with downtown views. No page should infer services, operating hours, guest rules, or access policies that are not in the project documents. Pool operation, reservation procedures, parking, package handling, pet rules, leasing terms, and association governance are matters for the developer, association, and governing documents to confirm. The official sources support the pool, spa, fitness room, meeting space, landscaped decks, cabanas, and rooftop gathering area; they do not support broader claims beyond those features.
Location
The Palm is at 625 South Palm Avenue in downtown Sarasota. Palm Avenue is known locally for galleries and dining, and the project materials place the building near the cultural and commercial blocks between downtown and the bayfront. Marie Selby Botanical Gardens is south of the property, while the Main Street and bayfront area sits to the north. That is useful geographic orientation, not a promise about walking time or a particular route. The building's South Palm Avenue address also places it near the Palm Avenue gallery corridor, where storefronts, restaurants, and public events give the street a distinct texture within downtown. Hoyt's published project description notes terraces oriented toward Sarasota Bay, while the developer describes skyline-facing outdoor space. The most accurate way to understand the location is through those physical connections: South Palm Avenue at the immediate doorstep, downtown's cultural and dining blocks nearby, and the bayfront and Selby Gardens serving as recognizable landmarks. Traffic, construction, and access conditions can change, so visitors should confirm directions and appointment details with the project team before a visit. This page does not state travel times because those depend on route and conditions.
Lifestyle
The Palm's setting is defined by a small residential building, private terraces, landscaped amenity decks, and the surrounding South Palm Avenue blocks. The published architecture favors glass, outdoor rooms, and a compact five-story profile rather than a high-rise form. At ground level, the pool and landscaped deck provide the project’s water-oriented outdoor setting. Higher in the building, the second-level deck and rooftop gathering area add places for open-air use and downtown views. Beyond the property, Palm Avenue's galleries and restaurants, the downtown grid, and the nearby bayfront create the practical map for an afternoon or evening out. The project materials also identify Selby Gardens as a nearby landmark. These are place-based details, not a claim about who belongs here or how anyone should live. The building is still best understood through its published plan and its status: 12 residences, three per residential floor, a sequence of outdoor amenity spaces, and a South Palm Avenue location. Final building operations and completed conditions should be confirmed when a primary completion announcement or official records become available.
Frequently Asked Questions
Where is The Palm in Sarasota?
The Palm is planned at 625 South Palm Avenue in downtown Sarasota, near the Palm Avenue gallery corridor.
How many residences are planned at The Palm?
The official project site and Hoyt Architects describe 12 residences in a five-story building, with three residences per residential floor.
What amenities are published for The Palm?
Published amenities include a zero-edge pool, sun shelf, whirlpool spa, fitness center, meeting room, landscaped decks, cabanas, and a rooftop gathering deck.
Is The Palm complete?
The project was announced as under construction in January 2025 with completion projected for the third quarter of 2026. No primary-source completion or opening announcement was located for this September 2026 verification.
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