Newspaper article Sarasota Herald Tribune

Sarasota Lot Sold; Building Planned

Newspaper article Sarasota Herald Tribune

Sarasota Lot Sold; Building Planned

Article excerpt

DOWNTOWN DEAL

SARASOTA -- State Street Partners (SRQ) LLC purchased a 5,041- square-foot vacant lot from the city of Sarasota for $688,000.

The lot is adjacent to the new parking garage.

The new owner plans to build 5,000 square feet of retail space and up to 25,000 square feet of office and residential above it, according to city officials. Construction may begin in the spring.

John F. Caragiulo of Hembree & Associates Inc. represented the buyer, and Steve Horn and Melissa Dawn Harris of Ian Black Real Estate represented the seller.

The State Street Garage, on State Street between Lemon Avenue and Orange Avenue, opened in July with 400 parking spaces available for downtown patrons. There are four electric car charging stations will be available at no cost on the second floor. …

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