Unicorp National Developments Inc. has completed the St. Regis Longboat Key Resort & Residences, a 1.1 million-square-foot project located on a barrier island near the southwestern Florida beach city of Sarasota. The project carried a total price tag of $376 million. Unicorp redeveloped the site of the former Colony Beach & Tennis Resort.

The 18-acre resort and residential complex consists of five six-story buildings. The hotel houses 168 guestrooms, including 26 luxury oceanfront suites that offer one- to four-bedroom options. Each suite features separate living rooms, private terraces and butler service. Additionally, the property includes 69 for-sale condo residences, which range in size from 1,553 to 5,895 square feet.

Resort amenities include an 800-foot private beach and 42 water features, including a winding river and a 500,000-gallon saltwater lagoon where guests can swim with tropical fish and interact with the resident giant tortoises. The St. Regis Spa spans 20,000 square feet and features a eucalyptus steam room, a snow shower and hot and cold plunge pools.

Additional amenities include a fitness center, meeting space and seven bar and restaurant concepts.

Moss Construction served as general contractor for the project.

The Allen Morris Co. and the Alaska Permanent Fund Corp. are joining forces on a 253-unit multifamily project in Sarasota. The duo secured an $83 million construction loan for the Bayside Sarasota from Kennedy Wilson. The project, which will be at 850 Cocoanut Avenue, is scheduled for two phases. The second phase will include a 96-unit tower that will break ground this fall. Phase I construction has started the is expected to be delivered in the fall of 2026.

Phase One’s five-story building will include one-,two- and three bedroom units with ground floor retail. Amenities will include a rooftop pool, fitness center and a restaurant. Development partners include general contractor Brasfield & Gorrie, architecture firm Dwell Design Studio.

The location is close to downtown Sarasota as well as shopping and dining venues. It’s one block from the $200 million The Bay Park Redevelopment project.