Sarasota Herald-Tribune
In an interview earlier this week, Portanova said he and his Atlanta-based financier, Greencastle Asset Management, would soon complete a transaction that would explain delays in acquiring the original property but declined to elaborate. Portanova has failed in seven attempts over the past year to buy the property for $70 million and does not now have the land under contract.
Proscenium is slated to contain 225 hotel rooms, 1,600 entertainment seats, 300,000 square feet of class A office space and a small retail mall, and moving over to the Quay site would give it a direct waterfront view, unlike its current landlocked site. Click here for the story by the Sarasota Herald-Tribune.
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