Work begins on Sarasota apartments, retail

Belpointe REIT intends to replace moribund Main Plaza complex downtown with mix of shops, eateries and multifamily rental units

  • By Kevin McQuaid
  • | 6:00 a.m. October 23, 2020
  • | 0 Free Articles Remaining!
ERIC GARWOOD — Belpointe REIT Inc., the new owner of most of the Main Plaza complex in downtown Sarasota, has begun demolition work in advance of a redevelopment project.
ERIC GARWOOD — Belpointe REIT Inc., the new owner of most of the Main Plaza complex in downtown Sarasota, has begun demolition work in advance of a redevelopment project.
  • Commercial Real Estate
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Belpointe REIT Inc. of Greenwich, Conn., has begun demolition work on one of the most anticipated developments in downtown Sarasota of the past decade.

The private equity company, which was formed in 2019 to develop properties in federally designated Opportunity Zones, began razing a portion of the two-story Main Plaza late last month.

 

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