Sarasota News Leader

08/08/2014 & 08/15/2014

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Sarasota Main Plaza, one of the largest com- mercial properties on Main Street and home to the highly visible Hollywood 20 marquee, has been listed for sale. Situated between Fruitville Road and Main Street at the corner of U.S. 301, the prop- erty at 1991 Main St. is a key parcel in the vitality of downtown's commercial climate, and it holds promise as a potential rede- velopment catalyst on upper Main Street, Sarasota commercial brokers say. The property for sale includes more than 250,000 square feet of space situated on 8.6 acres with tenants such as the Hollywood 20 Regal Cinemas, Applebee's restaurant and the Sarasota Family YMCA. The com- plex was developed in 1985 as a retail center. It is owned by Westport, CT-based Sarasota Main Real Estate LLC, according to county property records. An information sheet posted online July 2 9 b y l i s t i n g f i r m Cushman & Wakefield does not disclose an asking price. The Hollywood 20 movie theater complex can be spotted easily, thanks to its sign on Main Street. Photo by Norman Schimmel MAIN PLAZA FOR SALE IF THE 8.6-ACRE PROPERTY WITH A PRIME LOCATION ON UPPER MAIN STREET GETS A NEW OWNER, THE POTENTIAL FOR REDEVELOPMENT IS A STRONG POSSIBILITY Any time 8.6 acres comes available in downtown Sarasota at a significant intersection, that is obviously going to attract interest in the market. Ian Black Broker Commercial Real Estate By Roger Drouin County Editor

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