The transition in ownership of the Colson Hotel property adds another layer to the unfolding saga. After the passing of previous owner Michael Diffley of JOXC Investments, the property changed hands last year. Sold to Maximilian Vollmer, founder of Tampa’s Vollmer Real Estate LLC, for $550,000, the transaction raised eyebrows, given the neighborhood’s typically high property values. In a locale where newly finished units often fetch millions, Vollmer’s acquisition appeared to be a notable bargain.

Vollmer wasted no time in unveiling his vision for the property—a bold proposal for a mixed-use development. His plans outlined three-story townhome units boasting two- and three-bedroom layouts, complete with luxurious amenities like rooftop Jacuzzis and outdoor living spaces. Priced between $800,000 and $900,000, these units were deemed competitive for the ZIP code, promising a blend of modern comfort and urban convenience. With zoning regulations permitting up to 40 units per acre and buildings reaching seven stories, Vollmer’s project aimed to maximize the site’s potential, with the possibility of accommodating up to 19 units.

The debate over the Colson Hotel underscores broader issues of historical preservation and urban development. While acknowledging the challenges of refurbishment, stakeholders emphasize the building’s intrinsic value to the city’s narrative. As the preservation battle unfolds, there is a call for balance between progress and heritage, urging stakeholders to consider the long-term implications of their decisions. With the opportunity for appeal looming, the future of the Colson Hotel remains uncertain, encapsulating the ongoing tension between preserving the past and embracing the future in Sarasota’s evolving urban landscape.