Tradition at Palm Aire Gallery
Pavilion at the pool, overlooking the front pond

Pavilion at the pool, overlooking the front pond

Clubhouse, wifi café, clubroom, game room, business center, theater, party and meeting rooms

Clubhouse, wifi café, clubroom, game room, business center, theater, party and meeting rooms

The outdoor kitchen

The outdoor kitchen

Clubhouse veranda

Clubhouse veranda

Spa

Spa

Lap pool, heated

Lap pool, heated

Traditions and its fountains from across the front pond

Traditions and its fountains from across the front pond

Clubhouse — clubroom and business center

Clubhouse — clubroom and business center

 

Tradition at Palm Aire
8445 Gardens Circle
Sarasota, Florida 34243

A stately Plantation-style condominium community in an irreplaceable location, off University Parkway on the grounds of the prestigious Palm Aire Club in Sarasota, Florida. PGCP has purchased 178 units rented as apartments.

  • Located in Sarasota, one of the most desirable communities in West Florida

  • Distinctive architecture and luxuriant landscaping

  • Superior surrounding neighborhood, characterized by high-end gated residential communities and clubs

  • Outstanding A+ location in the midst of the vibrant University Parkway area, in close proximity to employment centers, retail, and service. The largest high-end retail mall in west Florida is opening on University Parkway less than one mile away.

  • Full amenity package: two full-size pools, lap pool, spa, lighted tennis courts, clubhouse, and fitness center

  • Property has great exposure to main thoroughfares; critical for market presence

  • Attractive tenant profile: gray- and white-collar residents

  • Good unit mix: 45 1BR, 105 2BR, 28 3BR and loft style

  • Concrete construction with brick exteriors, well built, superior acoustic separation

Tradition at Palm Aire is a distinctive, first class property that represents real value. PGCP purchased at half of the sales price in 2006, 60% of replacement cost, and 35% of retail sales prices in 2006–07.