Belpointe makes second Sarasota purchase

Connecticut-based Opportunity Zone-targeted real estate investment trust sets its sights on redeveloping an entire city block.

  • By Kevin McQuaid
  • | 6:00 a.m. November 27, 2020
  • | 0 Free Articles Remaining!
COURTESY PHOTO — An affiliate of Belpointe REIT of Connecticut has acquired the 1700 block of Main Street in downtown Sarasota (lower right) and an adjacent building for nearly $12 million.
COURTESY PHOTO — An affiliate of Belpointe REIT of Connecticut has acquired the 1700 block of Main Street in downtown Sarasota (lower right) and an adjacent building for nearly $12 million.
  • Commercial Real Estate
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A Greenwich, Conn.-based company that is 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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