Developer walks away from SMH rights deal

Miami developer had contracted to acquire hospital’s residential development rights in Sarasota, but backed out before closing.

  • By Kevin McQuaid
  • | 6:00 a.m. February 12, 2021
KAYLEIGH OMANG — Property Markets Group, of Miami, had contracted to buy residential development rights from Sarasota Memorial Hospital tied to its 1743 Main St. support services building.
KAYLEIGH OMANG — Property Markets Group, of Miami, had contracted to buy residential development rights from Sarasota Memorial Hospital tied to its 1743 Main St. support services building.
  • Commercial Real Estate
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Property Markets Group, a New York- and Miami-based developer with a pair of projects along the Gulf Coast, appears to have shifted on plans to do another residential development in Sarasota.

 

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