NYU bought the 0.6-acre property at 324 Datura Street from an affiliate of Boca Raton-based Morning Calm Management.
Gault is set to begin work on the second phase of Southbrooke in the fourth quarter of the year.
The two-story, 50,000-square-foot building is at 2639 Curry Lane, just shy of two miles from Sarasota Memorial Hospital’s Venice campus.
This site is situated between Memorial Hospital West and Memorial Hospital Miramar, two facilities run by Memorial Healthcare System.