In the world of real estate, deals can often be complex and time-consuming, but few can compare to the 11-year journey that recently concluded in Sarasota. This land deal, which SVN Commercial Partners recently closed, began in the early 2010s and is a testament to the persistence of all parties involved, as well as the intricacies of navigating zoning laws, environmental concerns and market fluctuations. In the end, the 81 acres of land on Medical Boulevard in Englewood were sold for $12.2 million to Pulte, which will immediately begin development for single family residentials.
The site is in Southern Sarasota County near the HCA Englewood Hospital and the Englewood YMCA near the Charlotte County line. The general area has seen rapid development in recent years as the migration into Florida, especially Southwest Florida, continues. Many of the significant lot developers and regional and national homebuilders have acquired land in this area as the core of Sarasota becomes built out.
SVN Commercial Partners, with six offices in Southeast and Southwest Florida, is a national commercial real estate services firm with local expertise that provides leasing, management, and capital market solutions to clients locally and nationally. To learn more about SVN Commercial Partners, visit SVNCP.com.
admin
