Ian Black Real Estate tapped to lease medical campus at Newtown Gateway in North Sarasota

Ian Black Real Estate has been awarded the exclusive leasing assignment for a medical campus at Newtown Gateway, designed to serve communities throughout North Sarasota. The medical campus will be developed on a 4.73-acre site at 2046 Dr. Martin Luther King Jr. Way and offers flexible opportunities for healthcare providers, developers and investors seeking to establish a presence in one of Sarasota’s most strategically positioned – and medically underserved – corridors.

Newtown Gateway is a 14-acre development that will include two self-encapsulated components – a medical campus on 4.7-acres and a light industrial complex occupying 9.3 acres. The development was conceived to bring meaningful job creation and increase healthcare access for the historic Newtown community and North Sarasota.

“Developments like this are about creating impact and not simply constructing buildings,” said Barron Channer, CEO of Woodwater Investments, lead developer for Newtown Gateway. “Our vision for the medical campus is to attract a range of healthcare providers who can fill the service voids for northern Sarasota. My partners, Keith and Ernest Dubose, and I are committed to delivering a project that honors Newtown’s rich legacy by providing tangible benefit to the community and observable economic expansion.”

Located adjacent to U.S. 301/North Washington Boulevard with direct frontage on Dr. Martin Luther King Jr. Way, the medical campus at Newtown Gateway offers direct access to downtown Sarasota, the Sarasota-Bradenton International Airport and Ringling College, and is in close proximity to Gulf Coast beaches and Lakewood Ranch.

The medical campus at Newtown Gateway can accommodate multiple buildings up to 35,000 square feet, making it ideal for medical offices, outpatient facilities, and specialized healthcare services, including Federally Qualified Healthcare Centers.

“This is a transformational project for North Sarasota,” said Ian Black, CCIM, founding partner of Ian Black Real Estate. “We’re proud to represent a development that blends community advancement with strong market fundamentals. The timing, location and purpose-driven vision make Newtown Gateway a unique opportunity.”

According to the Ian Black Real Estate team, the medical campus at Newtown Gateway will be a linchpin for future development in this rapidly changing corridor. The developers are flexible — open to build-to-suit opportunities, joint development or even sale of development pads.

“Newtown Gateway sits at the intersection of multiple incentive zones — including Newtown Community Redevelopment Area (CRA) and Opportunity Zone areas — with up to $1 million in incentives available to lure attractive commercial tenancy,” said Melissa Harris, SIOR, partner at Ian Black Real Estate. “The site is also medically underserved. While we’ve seen strong growth and new medical projects east toward Lakewood Ranch and University Parkway, there’s very little west of I-75 serving the Newtown community and the surrounding area. This project changes that.”

Recent nearby developments underscore the area’s momentum:

• Gracewater at Sarasota, a 139-acre former golf course, is being redeveloped into 230 luxury homes and villas priced from $795,000 to more than $2 million.
• Midtown, a 114-acre project by Third Lake Capital, will add nearly 2,000 residential units and retail space, with the first deliveries expected in 2028.

“With new residential and mixed-use projects, such as Gracewater and Midtown, nearby, this area is entering an exciting phase of revitalization,” said Kevin McQuaid, sales associate at Ian Black Real Estate. “Newtown Gateway is positioned to become a cornerstone of that growth — providing much-needed healthcare access while anchoring further investment in the community.”

Woodwater Investments and partners are under contract, with the City of Sarasota, to acquire the 14 acres for Newtown Gateway. The medical campus is an as-of-right use, which paves the way for quickly advancing development after finalizing design plans.

“The City of Sarasota is proud to support projects like Newtown Gateway that bring long-term, inclusive investment to our community,” said Wayne Applebee, economic development manager for the City of Sarasota. “By partnering with local stakeholders and experienced developers, this project represents exactly the kind of sustainable economic development that strengthens both our neighborhoods and our business environment.”

For leasing information, contact Ian Black Real Estate at (941) 906-8688.

About Ian Black Real Estate
Ian Black Real Estate (IBRE) is a boutique commercial real estate brokerage firm located in Sarasota, Fla. The firm is one of the largest commercial brokerage firms in Southwest Florida and boasts a deep knowledge of the commercial real estate market in Sarasota and Manatee counties and the surrounding area. For more information, visit ian-black.com.