Firm files plans for two 10-story residential buildings

Plans call for the demolition of the existing 236,291-square-foot Main Plaza shopping center to make room for new construction.

By Business Observer Staff
| 12:57 p.m. November 19, 2019
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AfterÂ spending $20 million to acquire five acres of the Main Plaza propertyÂ in downtown Sarasota, a Connecticut-based company has filed plans with the city to build two 10-story residential buildings on the site.

Manatee-Sarasota

SARASOTA — After spending $20 million to acquire five acres of the Main Plaza property in downtown Sarasota, a Connecticut-based company has filed plans with the city to build two 10-story residential buildings on the site.

According to an article in the Sarasota Observer, a sister paper of the Business Observer, on Nov. 15, BPOZ 1991 Main submitted a development application detailing a proposal for 418 residential units and 50,700 square feet of commercial space at 1991 Main St. BPOZ 1991 Main is connected with Belpointe Capital, the Greenwich, Conn.-based real estate investment trust that purchased a segment of Main Plaza earlier this month.