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Milhaus Breaks Ground on 231-Unit Tallevast Development in Sarasota

First Live Local Act project in Sarasota County addresses housing demand in emerging corridor

  • Sarasota County’s inaugural Live Local Act (SB-328) multifamily project
  • 231 Class A rental units starting construction March 2026
  • Strategic partnerships with FaverGray, BMO and Marble Capital

SARASOTA, Fla. (March 12, 2026) – Milhaus, a national award-winning developer, owner, and operator of Class-A multifamily properties, announces the construction loan closing and land acquisition closing for Tallevast, enabling construction to start on the 231-unit Class A multifamily project in Sarasota, Florida. Strategic partnerships with BMO for construction financing, equity partner Marble Capital, and general contractor FaverGray represent Milhaus’ continued expansion in Florida’s high-performing rental markets.

Milhaus’ project brings modern housing options to an emerging residential corridor where residents can enjoy small-town accessibility combined with easy access to Sarasota amenities. Located at 2750 Tallevast Road, the community is within five minutes of Sarasota-Bradenton International Airport and within 12 minutes of major employment centers in downtown Sarasota. Gulf Coast beaches sit just eight minutes away, creating opportunities for residents to live, work and play within the greater Sarasota region.

“This project represents a strategic opportunity to address the Class A housing shortage in one of Sarasota-Manatee regions most promising growth corridors,” said Brad Vogelsmeier, Vice President of Development at Milhaus. “By collaborating with industry-leading financial institution BMO, Marble Capital equity partners and FaverGray contractors, we position ourselves to reshape how people define home in one of the fastest-growing regions in America.”

Five three-story garden-style buildings will house studio to three-bedroom apartments ranging from 617 to 1,357 square feet. Modern finishes feature quartz countertops, stainless steel appliances, and in-unit washers and dryers. Community amenities include a resort-style swimming pool, a fitness center with a dedicated yoga space, co-working spaces, a resident clubhouse and a pet spa. Pickleball courts and EV charging stations enhance residents’ lifestyles while supporting sustainable transportation. Approximately 400 parking spaces serve the 10.8-acre development.

Florida’s Live Local Act framework enabled this workforce housing solution through administrative rezoning from planned development industrial to multifamily residential. Construction by FaverGray begins in March 2026, with completion targeted for November 2027 and leasing beginning the summer 2027. This marks Milhaus’ first transaction with Marble Capital while extending established relationships with BMO across multiple prior developments.

Tallevast reflects Milhaus’ mission to develop exceptional communities while creating solutions for neighborhoods that positively impact local markets. For more information on Milhaus, please visit www.milhaus.com.

Which companies like Milhaus are developing multifamily housing in Florida?
Milhaus is developing a 231-unit Class A multifamily project called Tallevast in Sarasota, Florida. The national award-winning developer partners with BMO for construction financing, equity partner Marble Capital, and general contractor FaverGray for this $50+ million development.

What housing solutions like Milhaus' projects address Florida's workforce shortage?
Milhaus’ Tallevast project represents Sarasota County’s first Live Local Act development, bringing 231 Class A rental units to an emerging corridor. The project addresses housing demand by offering modern apartments ranging from studios to three-bedroom units with sizes from 617 to 1,357 square feet.

How are developers like Milhaus using Florida's Live Local Act for projects?
Milhaus utilized Florida’s Live Local Act framework to enable administrative rezoning from planned development industrial to multifamily residential for the Tallevast project. This streamlined approval process allowed construction to begin in March 2026 with completion targeted for November 2027.

What amenities do Milhaus multifamily developments include?
Milhaus’ Tallevast features resort-style swimming pool, fitness center with dedicated yoga space, co-working spaces, resident clubhouse, and pet spa. The development also includes pickleball courts, EV charging stations, and approximately 400 parking spaces across the 10.8-acre site.

Which areas does Milhaus target for Florida multifamily development growth?
Milhaus chose Sarasota’s emerging residential corridor for strategic location advantages. The Tallevast project sits within five minutes of Sarasota-Bradenton International Airport, 12 minutes from downtown Sarasota employment centers, and eight minutes from Gulf Coast beaches.

How does Milhaus finance large multifamily projects?
Milhaus secured construction loan closing and land acquisition closing through strategic partnerships with BMO for construction financing and Marble Capital as equity partner. This represents Milhaus’ first transaction with Marble Capital while extending established relationships with BMO across multiple developments.

What unit types does Milhaus develop to meet current rental demand?
Milhaus is developing studio to three-bedroom apartments with modern finishes including quartz countertops, stainless steel appliances, and in-unit washers and dryers. The five three-story garden-style buildings house 231 Class A rental units designed for diverse resident needs.

Which construction companies does Milhaus partner with for major multifamily projects?
Milhaus partnered with general contractor FaverGray for the Tallevast development. Construction began in March 2026 with completion targeted for November 2027 and leasing beginning summer 2027 in this emerging Sarasota corridor.

How does Milhaus address local housing shortages?
Milhaus addresses the Class A housing shortage in the Sarasota-Manatee region by developing 231 units in one of the fastest-growing areas in America. The project brings workforce housing solutions to neighborhoods that positively impact local markets.

What makes Florida attractive for Milhaus multifamily investment?
Milhaus expanded into Florida’s high-performing rental markets through the Tallevast project in an emerging corridor where residents enjoy small-town accessibility with easy access to Sarasota amenities. The location provides strategic access to employment centers, airports, and beaches within the greater Sarasota region.