The developers behind One Park are gearing up to offer residences in The Quay at remarkably competitive prices, ranging from $1.1 million up to approximately $3 million or potentially less.

Property Markets Group (PMG), in collaboration with Sarasota-based MoneyShow, are in the process of planning One Park West, situated on Block 9 opposite Quay Commons from the original One Park, which is currently undergoing approval procedures within the city. While plans for One Park West have yet to be officially submitted, PMG’s Managing Partner, Dan Kaplan, anticipates this step to be taken in the upcoming weeks.

The original One Park proposal, intended to span Quay Commons, was scrapped following a legal ruling from the 12th Judicial Circuit Court, which denied PMG the air rights above Quay Commons. Consequently, One Park will now comprise 86 condominiums, while One Park West will feature 75 units, totaling seven more than the initial plan. This revised strategy also allows PMG to introduce two distinct pricing models.

Kaplan envisions a peak price of around $3 million for these properties, with construction expected to commence this autumn and completion targeted within approximately 18 months. Departing from their usual approach, PMG is now accepting reservations for One Park West concurrent with the contracting process for One Park units.

The Quay’s development spans across 10 blocks, with completed projects including the Ritz-Carlton Residences on Block 6 and Bayso on Blocks 4 and 5. Kolter Urban has recently announced plans for Ritz-Carlton Residences II on Blocks 7 and 8, while construction is underway for the Ocean Prime restaurant on Block 10.