Quay gamble is paying off

GreenPointe Holdings’ Sarasota purchase in 2014 has generated dividends, and more is in the offing.


  • By
  • | 6:00 a.m. March 19, 2021
  • | 0 Free Articles Remaining!
COURTESY RENDERING — The 15-acre Sarasota Quay tract, in downtown Sarasota, is being developed by GreenPointe Holdings, of Jacksonville.
COURTESY RENDERING — The 15-acre Sarasota Quay tract, in downtown Sarasota, is being developed by GreenPointe Holdings, of Jacksonville.
  • Commercial Real Estate
  • Share

GreenPointe Holdings’ $27 million acquisition of the Sarasota Quay site in Sarasota in 2014 was met with a fair amount of skeptic at the time.

The property’s size — 15 acres — was only part of it. While its location between a Ritz-Carlton Hotel and a 50-acre, municipal tract was admired by many, the Quay was considered outside of the downtown core, which, like a lot of Florida urban areas, was enjoying a resurgence at the time.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content