Sarasota Developer Builds on the Legacy of Jupiter's Premier Private Club

First Horizon Bank (NYSE: FHN) has been selected as the financing partner for 1000 NORTH Sarasota, a new private dining club and wine attic lounge set to open in late 2025.

Rhea-AI Summary

First Horizon Bank (NYSE: FHN) has been selected as the financing partner for 1000 NORTH Sarasota, a new private dining club and wine attic lounge set to open in late 2025. The project, located at 520 North Tamiami Trail in the BLVD building, is modeled after the successful 1000 NORTH Jupiter in Palm Beach County. The development is a collaboration between Jupiter managing partner Ira Fenton and Sarasota developer Kevin Daves. The project is expected to create nearly 40 new jobs and will focus on local hiring and regional supplier sourcing. The original Jupiter location was founded by notable partners including Michael Jordan, Ernie Els, and Marvin Shanken, and has become nationally recognized for culinary excellence.

Positive

• Creation of nearly 40 new local jobs in Sarasota
• Partnership with established First Horizon Bank for project financing
• Association with successful 1000 NORTH Jupiter brand and high-profile founders
• Commitment to local hiring and regional supplier sourcing

Negative

• None.

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SARASOTA, Fla., May 15, 2025 /PRNewswire/ -- 1000 NORTH Sarasota is proud to announce it has selected First Horizon Bank (NYSE: FHN), a leading financial institution with a deep commitment to Florida's growth and community development, as its financing partner for the development of a new dining club and wine attic lounge concept. This important milestone advances the construction of Sarasota's most anticipated private dining club, set to open in late 2025.

"As a community-focused bank, we are thrilled to be part of bringing 1000 NORTH Sarasota to life. This project is not only creating an exclusive retreat, but a community asset. The developer's commitment to hiring locally, sourcing from regional suppliers and implementing sustainable practices is in alignment with our lending priorities. The projected creation of nearly 40 new jobs makes this investment a win-win for our local Sarasota economy," said Rich Hopper, Commercial Banker for First Horizon Bank.

The Sarasota club is modeled after and associated with 1000 NORTH Jupiter, Palm Beach County's iconic waterfront restaurant and private club. Founded by a distinguished group of partners including Michael Jordan, Ernie Els, Marvin Shanken, Ira Fenton and other founding partners, the original location has become a nationally recognized destination for culinary excellence and elevated social experiences.

In Sarasota, the concept is being brought to life through a collaboration between Jupiter managing partner Ira Fenton and Sarasota-based developer Kevin Daves, whose portfolio includes The Concession Golf Club and The Ritz-Carlton Hotel and Residences in Sarasota.

"Securing financing with First Horizon Bank is more than a financial step—it's a vote of confidence in the 1000 NORTH brand and what it represents," said Kevin Daves, President of Core Development Inc. "We're creating something Sarasota hasn't seen before: a refined, private experience where hospitality, cuisine, and culture come together in one extraordinary setting that is simply the best."

1000 NORTH Sarasota will be located in the BLVD building at 520 North Tamiami Trail.

About First Horizon
First Horizon Corporation (NYSE: FHN), with $81.5 billion in assets as of March 31, 2025, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

About 1000 NORTH Sarasota
Located on the bustling Boulevard of the Arts in Downtown Sarasota, 1000 NORTH Sarasota is a members-only venue that invites its guests to enjoy an elegant full dining experience, exceptional service, handcrafted cocktails, and an unrivaled wine list.

Our Members get other exclusive perks, including wine storage for a limited number of bottles from personal collections, and concierge services to create the perfect dining experience for celebrating life's most memorable moments and accomplishments. For more information, visit 1000northsarasota.com.

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SOURCE First Horizon Bank

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is First Horizon Bank's (FHN) role in the 1000 NORTH Sarasota project?

First Horizon Bank (NYSE: FHN) is serving as the financing partner for the development of 1000 NORTH Sarasota, a private dining club and wine attic lounge concept.

How many jobs will the 1000 NORTH Sarasota project create?

The project is expected to create nearly 40 new jobs in the Sarasota local economy.

Where will 1000 NORTH Sarasota be located?

1000 NORTH Sarasota will be located in the BLVD building at 520 North Tamiami Trail in Sarasota, Florida.

When is 1000 NORTH Sarasota expected to open?

The private dining club is set to open in late 2025.

Who are the key partners involved in the 1000 NORTH Sarasota project?

The project is a collaboration between Jupiter managing partner Ira Fenton and Sarasota-based developer Kevin Daves, with First Horizon Bank as the financing partner.