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
25 Christmas Traditional Service
10:00 pm - 11:30 pm
12 Scramble for SPARCC
7 Manatee Audubon - OPEN HOUSE at Felts Audubon Preserve
8:00 am - 11:00 am
21 "Fall in Love with the Haven" 60th Anniversary Celebration
He's a swinging sensation
When Gus Andreone, 103, teed it up at the Lakes Course of Sarasota’s Palm-Aire Country Club, he expected to shoot under his age — he usually does.
'Excellent' mentors recognized
One East County teacher may officially be coined “excellent.”
Food and fun
The Lakewood Ranch Business Alliance and its Young Leaders Alliance have something to talk about: the organizations collected 764 pounds of nonperishable food and $1,295 cash to benefit The Food Bank of Manatee/Meals on Wheels PLUS.