From Adagio to Lumora: A New Direction for Downtown Sarasota Development
The proposed luxury condominium project at Palm Avenue and Ringling Boulevard is redesigned as an independent-living community.
A prominent downtown Sarasota development is taking a new direction. The project formerly known as Adagio, planned for the corner of South Palm Avenue and Ringling Boulevard near historic Burns Court, has been redesigned and renamed Lumora. Developer Lutgert Companies of Naples has replaced its original two-tower concept with a single 10-story building offering upscale independent-living condominiums, designed with the needs and lifestyle preferences of older adults in mind.
Developer Lutgert Companies of Naples has replaced its original two-tower concept with a single 10-story building focused on upscale independent living.
The change represents a significant shift in both the project’s design and its intended residential market.
From Two Towers to One
The original Adagio proposal included an 18-story luxury condominium tower and a separate 10-story building, combining market-rate residences with attainable rental housing under Florida’s Live Local Act.
The revised Lumora proposal eliminates the 18-story tower in favor of one 10-story structure, more consistent with the surrounding downtown buildings.
The new plan includes 169 independent-living condominium residences and nine attainable rental units.
Proposed two- and three-bedroom condominium residences will average approximately 2,385 square feet, appealing to buyers seeking generous living spaces with the convenience of a managed residential environment.
The development will also incorporate approximately 32,740 square feet of ground-floor commercial space, with plans for a fine-dining restaurant, coffee bistro, medical offices and retail.
An Evolving Approach to Downtown Living
Lumora reflects growing interest in residential environments that combine private homeownership with services, amenities and opportunities for social connection.
Rather than traditional senior housing, the project is designed to appeal to an affluent, active audience interested in maintaining an independent lifestyle while enjoying the benefits of a fully serviced community.
Sarasota’s downtown setting is well suited to this approach, with its concentration of restaurants, performing arts venues, galleries, waterfront parks and cultural institutions.
Other projects, including The Reserve Sarasota in Burns Court and the planned expansion of Plymouth Harbor, indicate increasing investment in residential options serving older adults.
What the Changes Mean for Downtown Sarasota
The revised design substantially reduces the proposed building height, an important consideration for the surrounding Burns Court and South Palm Avenue neighborhoods.
It also demonstrates how developers are responding to evolving residential preferences as Sarasota continues to attract retirees, seasonal residents and buyers seeking a walkable downtown lifestyle.
The updated plans received partial approval from the City of Sarasota’s Development Review Committee on October 7, with additional approvals still required.
As Lumora advances through the development process, it will be another project to watch in downtown Sarasota’s changing residential landscape.
Source: Business Observer, October 14, 2026.
