Main Street block sells for $6.8 million
A multifamily housing developer has expanded its portfolio of downtown properties. Meanwhile, another portion of Main Plaza is on the market.
A multifamily housing developer has expanded its portfolio of downtown properties. Meanwhile, another portion of Main Plaza is on the market.
The new owners intend to develop apartments and office space on the downtown Sarasota property.
The multimillion-dollar sale includes Main Street and Lemon Avenue properties such as Sur La Table, Eileen Fisher, Pastry Art and Hyde Park Prime Steakhouse.
Ringling Park One was proposed as a downtown hub, but city leaders rejected the proposal as too grandiose.
The hospital board is voting on a $17.34 million plan to buy and renovate the property at 1741 Main St., which the newspaper departed in 2017.
Capstone Management is adding the bayfront-adjacent site to its growing portfolio of Sarasota properties.
The downtown event space, located in the ground level of the Palm Avenue parking garage, will be replaced with new tenants, the property owner said.
