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Peninsula Sarasota Announces Silverline Construction as New Construction Team

November 6, 2023 | Read Time: 5 minutes

In Florida’s dynamic real estate market where many preconstruction condos have been announced, there’s only one in Sarasota that’s actively under construction. Peninsula Sarasota, a luxurious condominium community with just 22 residences across two buildings, has created a buzz as it begins vertical construction on Golden Gate Point. With the community nearing sellout, developer Sam Gault has announced Silverline Construction as the community’s new general contractor. Under the leadership of Fred Basli, this construction team has delivered some of the most iconic high-rises in New York City and beyond.

Georgia Salaverri of Coldwell Banker Realty, one of the condominium’s exclusive sales representatives, is looking forward to this transition. “When I first met Fred Basli, I was impressed with his knowledge. He’s very well-versed in construction and will be an incredible asset to Peninsula Sarasota. The vendors are excited about working with him, and his team is going to have a significant impact on the condominium.”

Meet Silverline Construction’s Fred Basli

As the President and Chief Estimator of Silverline Construction, Fred Basli is a seasoned construction professional boasting 31 years in the industry. Basli is known for his attention to detail and result-driven methodology, consistently delivering efficient buildings and expediting schedules to meet the project’s milestones. He has successfully managed high-profile projects in New York City like the World Trade Center, Goldman Sachs, Pepsi, and the NBA. Notably, he oversaw the construction of the Ernst & Young NYC Headquarters, a 38-story building constructed in between existing skyscrapers, and the Bank of America Tower, a 55-story tower that helped revitalize the 42nd Street midtown area.

Fred Basli headshot
Well-versed in the New York market, Basli looks forward to bringing his expertise to Florida’s Cultural Coast. “There’s a lot to be excited about for Peninsula Sarasota,” shared Basli. “You’re in sunny Florida and have incredible views of the water. I’m also excited to be back in the middle of it, taking charge of the narrative and ensuring the building is completed within the planned budget and timeline. I look forward to delivering the high-quality construction these homeowners have bought into and are expecting.”
Sam Gault

A Track Record of Success with Gault Family Companies

Based out of Waterbury, Connecticut, Silverline Construction is well acquainted with Sam Gault and Gault Family Companies. Fred Basli and his team have previously worked with Gault on other condominiums in the Connecticut area. Among their notable projects is The Mill Westport, a remarkable transformation of a historic candle-wick mill into a residential complex in the heart of Westport. With extensive expertise in both construction and real estate development, this duo has established themselves as a reputable name for delivering high-quality products to homebuyers.

“Sam is as genuine of an individual as you will ever meet,” said Basli. “He is the epitome of doing what he says, using checks and balances to make sure the end product is what he says it will be. Working with him is like two cogs in a wheel that always click perfectly. We communicate very well with each other and typically talk multiple times of day. It’s easy to work with a partner who sees it the way that you see it.”

Updated Timelines for Peninsula Sarasota’s Completion

With a new team at the helm, this transition will have any impact on construction timelines. After pouring the foundation this past summer, the structure has already begun rising over downtown, and the third floor is set to be poured soon. Peninsula Sarasota’s team is still on target to finish construction by the end of 2024. Fred Basli also plans to establish direct communication with residents for any questions they might have about their specific residence.

Peninsula Sarasota Construction Progress

“In 31 years of construction, I have never been late,” shared Basli. “The most important thing for owners to know is that we’re accessible. If you want to discuss your unit personally or have any changes in mind, please feel free to call me and ask any questions you’d like. This is a residential building, so I aim to establish a personal connection with the residents. These are people’s homes, whether it’s their first, second, or third. I don’t care if it’s their twelfth home. At some point, they’ll rest their heads in this place, and my goal is to make it as incredible as it has been designed to be.”

aerial of golden point where peninsula sarasota sales gallery is near

Discover Golden Gate Point’s Newest Luxury Address

Located just a short stroll away from the heart of Downtown Sarasota, Peninsula Sarasota provides a peaceful sanctuary to enjoy coastal living at its finest. Carefully curated with just 22 residences, each expansive 3-bedroom or 3-bedroom plus den floorplan exudes a contemporary modern design, with open-concept floorplans, 10-foot floor-to-ceiling windows, and spa-inspired color palettes that convey a soothing sense of relaxation.

This condominium’s lifestyle is also complemented by resort-style amenities that instill a feeling of relaxation and exclusivity. Focus on health and wellness at the state-of-the-art Fitness Center featuring the latest high-tech cardio and strength equipment. Or spend the day lounging poolside on the luxury sundeck. A Rooftop Residents’ Lounge will also be included, where glass railings, fire pit areas, and plentiful seating areas will enjoy expansive, unobstructed views of Sarasota Bay.

Priced from $3.75 million, Peninsula Sarasota is experiencing high demand for its centrally located yet secluded lifestyle. For more information and to preview floorplans, Peninsula Sarasota’s Sales Gallery is now open daily at 1300 Main Street. Visit PeninsulaSarasota.com or call 941-655-9669 to schedule your Virtual Experience tour today.

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