$173.5m in financing secured for Rosewood-branded oceanfront condominium development in Sarasota, Fla.

The Ronto Group and Wheelock Street Capital have received $173.5 million in construction financing for Rosewood Residences Lido Key, a 65-unit, ultra-luxury, oceanfront condominium development situated on the Gulf of Mexico beachfront of the exclusive Lido Key Beach in Sarasota, Fla.

With an anticipated completion of fourth quarter 2025, the property will be the first exclusively residential Rosewood branded residences in Florida and will feature luxurious three- and four-bedroom residences, ranging from 3,300 square feet to 5,000 square feet, with a selection of the highest-quality designer and custom finishes. Each unit is serviced by private elevators and is designed with oversized living rooms, 11-foot ceilings, gourmet kitchens, spacious baths, terraces an