Multifamily developer buys downtown Sarasota block for $6.8 million

Belpointe REIT Inc.'s purchase of 1700 Main St. block and Frontier Communications building marks its second deal in the city in the past year.

  • By Kevin McQuaid
  • | 10:50 a.m. November 17, 2020
  • | 0 Free Articles Remaining!
File. A Greenwich, Conn.-based company redeveloping the Main Plaza in downtown Sarasota into apartments and retail space has acquired a second downtown tract that spans more than a city block, according to county property records.
File. A Greenwich, Conn.-based company redeveloping the Main Plaza in downtown Sarasota into apartments and retail space has acquired a second downtown tract that spans more than a city block, according to county property records.
  • Manatee-Sarasota
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A Greenwich, Conn.-based company redeveloping the Main Plaza in downtown Sarasota into apartments and retail space has acquired a second downtown tract that spans more than a city block, according to county property records.

Belpointe REIT Inc. affiliates acquired three buildings and surface parking comprising the 1700 block of Main Street for $6.8 million late last month, records show.

 

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