Property Markets Group And Moneyshow Acquire Downtown Sarasota Development Site For $37M

The development partnership between Property Markets Group and Moneyshow has acquired a development site for the proposed luxury condo tower, "One Park," in downtown Sarasota. The address of the site is 1100 Boulevard of the Arts in Sarasota. The sale price for this transaction is $37,000,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $37,000,000
• Buyer: Property Markets Group - Dan Kaplan; Moneyshow - Kim Githler
• Seller: GreenPointe Developers - Grady Miars
• Date: 09/29/2023
• Market: Sarasota

This acquisition by Property Markets Group and Moneyshow is for the development of the luxury condo tower, "One Park," in downtown Sarasota. The project is currently facing approval hurdles, including a pending court ruling and an upcoming public hearing. There is also potential for legal appeals in the future.