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S I E S T A K E Y 1
941.906.8688 • www.ian-black.com
1 S School Ave Suite 600 Sarasota, FL 34237
S I E S T A K E Y
SITUATIONAL ANALYSIS
With an updated transformation of the existing center and an expansion of new shops, sophisticated dining,
and a unique cinema experience, Westfield is evolving the new Westfield Siesta Key.
The intimate scale and boutique style of Sarasota’s premier shopping center will be enriched by introducing
an alfresco expansion where the fine art of a country club lifestyle is surrounded by elegant, coastal-inspired
features.
A refined landscape of lush tropical gardens, serene fountains, and cooling covered promenades promises a
relaxing and memorable experience familiar to both our cultured residents as well as the abundance of
domestic and international visitors.
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S I E S T A K E Y
THE COASTAL CORE VS OUTLYING AREA
The Coastal Core - the most densely settled portions of the market inboard of I-75 and extending from the Manatee River
south to Venice.
The Outlying Areas - the much larger but less densely developed parts of the two county markets generally outboard of I-75.
The difference between the two areas is striking. The Coastal Core accounts for:
• 75% of current year-round homes.
• 73% of households with HHI of $150,000+.
• 70% of owner-occupied homes valued at $500,00K+.
• 82% of seasonal housing units.
• 93% of the area’s hotel rooms.
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S I E S T A K E Y
DENSITY MAPS
HHI $100,000+ HOMES VALUED AT $500,000K+
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S I E S T A K E Y
THE BETTER LOCATION – COMPARING 4 MILE RINGS
The 4 mile ring around Westfield Siesta Key has:
• 4x more homes with an average HHI of $500,000+.
• 2x more homes worth $500,000+.
• 16x more homes worth $1 million+
• 2x more seasonal units.
• 4x more hotel rooms.
.
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S I E S T A K E Y
4 MILE RINGS – THE NUMBERS
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S I E S T A K E Y
4 MILE RINGS – LOCAL EMPLOYMENT
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4-Mile Rings Westfield Siesta Key Waterside Shops UTC Site
Employee Count 97,877 59,959 34,135
Number of Businesses 12,173 7,324 3,857
S I E S T A K E Y
UTC
Site
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S I E S T A K E Y
THE AFFLUENT LOCATION
Westfield Siesta Key enjoys immediate access from Sarasota’s
most exclusive waterfront communities such as Longboat Key,
Bird Key, Siesta Key and Lido Key, as well as to the area’s
booming central business district. These keys are all within a 16-
minute drive time of Westfield Siesta Key and have a median
household income of $142,000.
• Longboat Key - $170,755
• Siesta Key - $144,956
• Bird Key - $135,727
• Lido Key - $112,616
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S I E S T A K E Y
THE SOPHISTICATED LOCATION
Sarasota is known as the Cultural Capital of Florida’s Gulf Coast thanks to its century-old heritage of theatre,
world-class art collections, and elegant performance venues. This community is the home to more than 230
well-established not-for-profits that host more than 1,000 charity galas and community events each year.
Within a 10-minute drive-time of Westfield Siesta Key are award-winning golf courses and the most popular
museums, resorts, performance venues, marinas, and yacht clubs.
Just 1 mile from Westfield Siesta Key is Sarasota Memorial Hospital. With about 4,000 staff, 802 physicians
and 1,000 volunteers, it is one of Sarasota County's largest employers in a region where health care is a
major business sector.
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S I E S T A K E Y 11
S I E S T A K E Y 12
S I E S T A K E Y
SRQ Bay SUP
Siesta Beach Volleyball
SRQ Bay Kayaking
Ringling Museum Yoga
UTC
Site
Siesta Beach Yoga
Legacy Bike Trail
SRQ Bay Windsurfing
Ringling Bridge Run
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S I E S T A K E Y
TOURISM ADVANTAGE*
Westfield Siesta Key shares the heart of the Coastal Core with 93% of the area’s hotel rooms. Sarasota’s
tourism industry is booming and it continues to grow.
• Sarasota experiences 4.5M visitors each year.
• Visitors spend an excess of $1 Billion each year in Sarasota.
• Median HHI among overnight visitors is $115,336.
• Hotel bookings are up +8.8% and the tourism economic impact is up +13.7%.
• European visitation is up +20.7%.
• 85% of visitors made purchasing decisions based on information they obtained from the Internet.
• On average, visitors spent $1,083 on retail, dining, and entertainment purchases.
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*Sources: Research Data Services; Visit Sarasota County; Klages Group
S I E S T A K E Y
WHY SIESTA KEY?
Just minutes from Westfield Siesta Key, Siesta Beach is Sarasota’s #1 attraction and has earned a
reputation as one of the most beautiful beaches in the world. Siesta's fine white sands are composed of
99% pure quartz, which stays cool even on a hot sunny day.
• #1 Beach in America – Dr. Beach, USA Today
• #2 Beach in US – Trip Advisor Traveler’s Choice
• #16 Beach in the World – Trip Advisor Traveler’s Choice
• Top 10 Waterfronts to Visit – USA Today
• The Best Sand Beach in America – Travel Channel
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S I E S T A K E Y
SIESTA KEY | UTC | WATERSIDE SHOPS
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5 Mile Radius Siesta Key UTC Waterside Shops
Population 148,771 106,479 84,388
HHIds Income $100K+ 11,065 10,557 13,405
HHIds Income $150K+ 4,857 3,839 7,706
Daytime Employment (3mi.) 66,164 11,910 39,709
3 Mile Radius Siesta Key UTC Waterside Shops
Population 73,538 31,988 42,032
HHIds Income $100K+ 6,041 4,393 7,503
HHIds Income $150K+ 2,679 1,715 4,615
Daytime Employment (3mi.) 66,164 11,910 39,709
estllefrl SIESTA KEY
3501 SOUTH TAMIAMI TRAIL
SARASOTA, FLORIDA 34239
LEASING INFORMATION
CONTACT: STEVE HORN
(O) 941.906.8688 EXT. 107
(C) 941.321.1634
CONTACT: MATTHEW MAGASSY
(O) 240.669.0326
(C) 240.876.2816
