Downtown Sarasota development gets $130 million construction loan

The developer behind the One Main Plaza project in downtown Sarasota has secured $130 million in construction financing.

Belpointe, which is building the major development on Main Street and Links Avenue, said Wednesday it got the construction loan through Bank OZK. Terms were not disclosed.

In a statement announcing the financing Belpointe Cos. CEO Brandon Lacoff says “this financing milestone showcases the strong support and confidence of the lending community in our vision.”