Lakewood Ranch developer Schroeder-Manatee Ranch today announced it has acquired Casto Lifestyle Properties’ stake in the Lakewood Ranch Main Street project.
The companies have been joint venture partners since beginning the project in 2002. The retail center opened to the public in late 2005.
“SMR’s control of the ownership and management responsibility underscores SMR’s commitment to the project and also enhances our ability to shape the direction of this important component of our rapidly growing community,” SMR President Rex Jensen said in a press release. “We are excited about the future growth of Main Street as it evolves into a family-oriented entertainment and retail destination for all of the East County area.”
Jensen said SMR and Casto have been working on the deal for the last six to eight months, but negotiations escalated recently so the companies could close the deal before Jan. 1.
Main Street, which developers call the “heart” of the community, includes 158,000 square feet of mixed-uses, including restaurants, retail and office space and residential condominiums.
For a complete story, see The East County Observer’s Jan. 14 issue.
Contact Pam Eubanks at email@example.com.
Currently 0 Responses
13 Holidays around the Ranch
6:00 pm - 9:00 pm
13 Holidays Around the Ranch-Lakewood Ranch
6:00 pm - 9:00 pm
14 FREE Pictures with Santa Cow!
8:00 am - 10:30 am
14 Gingerbread Houses
14 Italian Wine and Dine
15 A 1913 Florida Cracker Christmas
11:00 am - 4:00 pm
15 Gingerbread Houses
16 Cooking Class: Asian Grilling Techniques
Members and guests of the Lakewood Ranch Women’s Club ventured Dec. 4 to Orlando, to view holiday decorations at the Grand Floridian and to have lunch at Downtown Disney.
The Play Readers of the Asolo Repertory Theatre Guild were in fine form as they entertained at the Art Association of Palm-Aire’s opening winter luncheon with “Fractured Fairy Tales.”
Catapulting into first place
Seven Manatee County elementary schools competed in the countywide Technology Student Association catapult competition Nov. 16, at Southeast High School. Students built the catapults on-site.