While construction on the newest feature of the Cape Haze Peninsula is in the beginning stages, so much planning has already been done on Banyan Gasparilla Sound. The original vision behind the project was to bring the things that people love about Boca Grande –and that includes the style– to a new location off the island that is just minutes away.
Envisioned to be an extension of Boca Grande, the community will reflect eh unique elegance the island is known for. Residents of this wellness-driven enclave will have access to modern essentials and bespoke amenities like a signature restaurant and bar, state-of-the-art spa & fitness center direct access marina, white glove concierge service and more.
In our Take Ten series, we connect with different partners on the Banyan Gasparilla Sound project to discuss their perspective on what makes this wellness community the jewel of Florida’s Gulf Coast. Our first Q and A is from Matt Greene, Executive Vice President of Operations, of Evolution Hospitality.
1. What is the scope of your involvement with the overall hospitality operations for Banyan Gasparilla Sound?
I will work with Integra on all things Banyan: Programming to develop a unique resort experience based on our geographic location taking advantage of the marina, the ocean and all that goes with it like water activities, State of the art Spa and wellness program, etc. We will develop a sensory experience at the resort, activate key “Touch Points”, create unexpected delights and cater to the unique & individual needs of our guests. I will work with our Taste & Theory team to develop unique F&B offerings throughout the resort that will have unique seasonal menu offerings that take advantage of our geographic location.
2. What projects have you supported that is your inspiration for BGS?
I think of early W Hotels, I was Senior Director of W Hotels new builds and acquisitions, bringing something entirely new to travelers. New York City set expectations for something special, energizing and creative. The bar was set high and we delivered. . I worked with Owners/Developers, their Architecture & ID Teams in W’s growth period. I had 43 W Hotel Developments Globally.
3. How do you define a ‘lifestyle experience’?
A lifestyle experience considers a multitude of factors: Experience for all of the senses, unique offerings based on geography, Activation of the resort at key “Touch Points”, personalizing stays for our repeat guests and VIPs by knowing what their personal preferences are. Having a maniacal focus driving unique experiences. Having best in class offerings like our Spa & Wellness facility, F&B outlets, luxury pool and grounds, as well as our first-class marina.
4. How does that translate for a resident at a project like BGS?
Because we have the opportunity to truly get to know our residents and personalize their offerings and know their preferences when they dine with us, go to our spa and join us at the pool. Because we are driving experience, we will garner a significant premium for those that have their units in our rental pool.
5. We’ve heard the term ‘wellness community’ used to describe BGS, what does that mean?
We have curated a variety of amenities designed to help residents live their best lives through stress and relaxation treatments in our spa, a Mediterranean inspired on-site dining concept, lushly landscaped grounds to help residents and guests connect with nature as they traverse the property, and the developer is looking for well-centric building materials and features to enhance the hotel and living quarters.
6. How does that impact everyday life for someone that calls BGS home?
The residents will have our highly skilled team cater to their every needs. Those residents that stay often, we will get to know their preferences in F&B, favorite spot at the pool, special occasions to provide “unexpected delights”. And treat them as an extension of our families. With frequency of stays we get to truly understand how to cater to each resident’s specific needs.
7. Why does having a strong hospitality partner matter when it comes to a new construction community?
The great news is that we are starting the project together from the very start which enables us to ensure we are focused on both “Form as well as Function”. We see too many resorts that look beautiful but don’t function properly and that is a turn off for residents, guests and owners alike. One example is a beautiful bed that sits on a pedestal that isn’t flush with the mattress. This creates a safety issue as well as a wear & tear issue where the bed gets beaten up and its useful life is dramatically shorter.
8. What are some other projects you manage that potential buyers might be familiar with?
Hard Rock San Diego, L’Auberge de Sedona, The Landing Lake Tahoe, Carneros Resort & Spa…
9. How do you keep abreast of trends with lifestyle and technology?
I travel extensively on a weekly basis. I am passionate about keeping up with trends and maniacal about focusing on how to differentiate upscale hotels & resorts. I have traveled the world and am always on the lookout for unique offerings and technology advancements. We often are called upon to Beta Test State of the Art technology because of our scale & influence on the industry & our owners/developers.
10. What are the words that you’d like visitors to BGS use to describe the experience?
I am ready to go back, I feel relaxed, pampered and disconnected from the outside world when I am at BGS.
Southwest Florida’s Gasparilla Island, home to the Village of Boca Grande, is one of the world’s most recognized addresses for understated seaside elegance, premier fishing, and sugar sand beaches within an intimate community. Relishing in the quintessence of coastal living and exuding relaxed sophistication, Banyan Gasparilla Sound, just outside of Boca Grande, is the vision of Florida-based Integra Investments. Designed by internationally acclaimed SB Architects, the community spans 16 acres with 182 bespoke residences and creates a resort lifestyle curated to celebrate wellness with unsurpassed amenities. Gulf to Bay Sotheby’s International Realty is overseeing sales and marketing for the project under the direction of Rich Taylor.
Color can set the tone for an entire room, whether you want to ramp up the energy for lively dinner conversation, or create a zen-like sanctuary for relaxation.
Pantone, the world’s foremost authority on color trends, has released their predictions for the top shades for 2022. Their palette brings together comforting neutrals and delightful pops of bold colors in unexpected ways. Pantone’s report showcases a diverse collection of color to reflect a global desire for calm combined with a sense of optimism, joy, and adventure.
Upholstery that pairs hot Poinciana red-orange with cool Spun Sugar blue creates a focal point in this seating area that practically vibrates with energy. The tailored piping ties the colors together in a joyful pairing, while the soothing ceiling shade of Basil adds a sophisticated touch that balances the entire scene. Walls are reminiscent of Perfectly Pale, an updated beige that creates the perfect backdrop for playing with bolder colors.
The ombre carpet runner on the stairs is a sumptuous addition to this Parisian-style residence in San Francisco. It cascades in rich jewel tones that include trending Skydiver and Harbor Blue. The inviting accent chair with its nod to Gossamer Pink provides a truly unexpected contrast and proves that the pastels of 2022 can deliver rich context within a modern color scheme.
If there was ever a color that injected both fun and regality into a room, it’s Dahlia. The deep violet-plum provides a refreshing focus in this inviting living room. Lush velvet pillows offer both comfort and luxury with a splash of Innuendo when the light hits just right, while the wood tones on the grand double-door keep everything grounded with the right balance of warmth and welcome.
In contrast to high-energy primary colors and jewel tones, the other half of this year’s color palette focuses on restful neutrals for timeless sophistication. In this chic kitchen, the Snow White wallpops against cabinets painted the pale gray of Northern Droplet. This shade is matched in the bar stools and dining chair upholstery, where it plays against the deeper tones of the Poppy Seed-inspired island and cool metallic frames of the dining furniture.
This charming estate takes a cue from Pantone’s warm Coca Mocha for a natural exterior that harmoniously complements the property’s lush landscape. The earthy tone lends itself beautifully to contemporary Moroccan architecture and the front door’s impressive wooden carving. Whether strolling through the courtyards or relaxing poolside, the home’s espresso hue offers a welcome sense of calm, and proves that color trends aren’t just a consideration for interior design.
Snow White shines in this bright living room, which gains interest from its playful use of geometry: diamonds on the ceiling, mod patterning on the tub chairs, and the hexagonal coffee table at the center. That pièce de résistance is decked out in this season’s best pastel, Gossamer Pink. The whole result is a mesmerizing study in texture and color that’s also highly livable.
Pantone’s color trend predictions for spring 2022 highlight what’s best about the current design moment: the timeless comfort of neutrals and the irrepressible joy of bright, bold hues. Taken together, the possibilities for creating a unique living space are endless.
The numbers are in and according to Stellar MLS, Gulf to Bay Sotheby’s International Realty represented the most buyers and sellers in total units sold and also recorded the largest volume of sales for 2020. The information was collected and reported by real estate data company Lalapoint, LLC from July 1st, 2020 through June 30th, 2021.
The numbers are in and according to Stellar MLS, Gulf to Bay Sotheby’s International Realty represented the most buyers and sellers in total units sold and also recorded the largest volume of sales for 2020. The information was collected and reported by real estate data company Lalapoint, LLC from January 1st, 2020 through December 31st, 2020.
Sotheby’s International Realty is pleased to announce the release of its inaugural 2021 Luxury Outlook report which examines high-end residential markets across the globe in the wake of the Covid-19 pandemic. The comprehensive report provides insight into the world’s top primary and secondary markets and the anticipated wealth trends that will drive discretionary investment in the coming months. The report reveals that global wealth is forecasted to grow and pandemic trends are expected to persist in the year ahead. With priorities shifting toward larger homes with special amenities, including “Zoom rooms,” multiple offices and workspaces, and an increased interest in sustainable homes with wellness and technology features, the Luxury Outlook highlights new spending habits and homebuying trends.
“As a leader in luxury real estate, it was important for us to analyze trends emerging from the most unparalleled year in modern history,” said Bradley Nelson, chief marketing officer for Sotheby’s International Realty. “The pandemic recalibrated interest in larger, greener properties, secondary cities, and geographies with favorable tax and emigration policies. These preferences are likely here to stay for the foreseeable future, and it was important for us to provide a resource to those looking to navigate the months ahead.”
In sharp contrast to the “slacker” stereotype that has defined their generation, millennials aren’t living in parents’ basements. They’re buying multimillion-dollar homes.
At 38%, millennials—adults born from 1981 to 1996—represent the largest share of home buyers in the U.S., according to a survey by the National Association of Realtors released last year. “They’re just as interested in owning a home. They just waited longer to buy their first one,” says Bradley Nelson, chief marketing officer of Sotheby’s International Realty.
Breaking from the notion of a “starter home” that older generations embraced, wealthy millennials, Nelson says, are going big.
“In the past, people bought a modest property, lived in it until starting a family, and then traded up to a larger property,” he says. “Millennials are finally coming out of the gate, and it’s not uncommon for the first purchase as a first time homebuyer to be a multimillion-dollar luxury home in the U.S. or internationally.”
As a result, millennials are quickly becoming a dominant force in high-end real estate.
Millennials are the most educated generation in history, have higher earnings, and are set to inherit more than any prior generation, according to a May 2020 report by the Brookings Institute.
Characterized by their tech savvy and environmentally conscious values, millennial preferences are poised to dramatically shape the market, a dynamic that has been on display during the Covid-19 pandemic. Beginning almost immediately after the coronavirus hit, for instance, buyers began to flock to areas that offered walkability, nature, and a well-rounded quality of life. (Think food and an art scene.)
Total sales volume in Aspen hit a record high of more than $1.5 billion in the third quarter, while in some neighborhoods of Park City, Utah, median sales prices spiked by more than 50% during the summer, according to Sotheby’s 2021 Luxury Outlook.
Outside the U.S., the Mornington Peninsula outside Melbourne on Australia’s southeastern coast has also seen a similar influx, the report states.
Going forward, developers are likely to integrate touchless, high-tech features into more homes and focus on bolstering sustainability credentials in new buildings, Nelson says.
From energy-saving geothermal systems and solar panels to green roofs, “these are the features that are most attractive,” he adds. “If a home is move-in ready and environmentally conscious and has a Tesla charger installed in the garage, those homes are generating a premium, because you have so many buyers interested in competing for them.”
Overall, the luxury real estate market is ripe for growth.
According to a December Sotheby’s International Realty survey, 63% of affiliates polled said they expected luxury home prices to rise over the next three years in their respective markets. More than 70% of respondents reported heightened demand at the end of 2020.
In the short term, however, disjointed vaccine distribution and renewed quarantine restrictions could hamper foreign buyer interest. Only one-third of Sotheby’s affiliates expect to see an uptick in demand in the first half of 2021, according to the report.
Additionally, amid indiscriminate declines in overall tax revenues caused by the pandemic, governments globally are reassessing property and wealth taxes as a means of filling budget gaps.
“Across all buyers, tax implications are going to be larger part of their home-purchase consideration,” Nelson says.
For the fast-growing cohort of young, affluent buyers eager to snag their dream homes, millennials face slim pickings for options that meet their unique tastes. “Inventories are at near-record lows in general, and especially for the homes with the features they’re looking for,” he says.
Still, Nelson adds that with “wealth creation growing and cost of capital declining, it’s a promising storm for the high-end housing market.”
From the sale of the highest-priced home in the history of Vail, Colorado, to that of an architectural masterpiece in Las Lomas, Mexico, highlighted here are 10 Significant Sales from 2020 represented by the Sotheby’s International Realty® global network.
Sold for $57,250,000 | Tye Stockton, LIV Sotheby’s International Realty