Golden Gate Point Condos
Atlanta developer pays $50M for Pier 550
By MICHAEL POLLICK
michael.pollick@heraldtribune.com
SARASOTA -- An Atlanta developer, Peachtree Group, has agreed to pay $50 million so that it can tear down a downtown waterfront condo complex and build 62 high-end units.
Confirmation of Peachtree's involvement came from Mark Kercher, a freelance real estate investor who put together the deal for Peachtree.
Various groups have been vying for the Pier 550 property since January."We had heard that several folks had tried to assemble the property and made various offers," Kercher said Friday. "The last offer we heard was $45 million, which is when we upped the ante."
Read the rest of the article here:
http://www.sarasotaherald.com/apps/pbcs.dll/article?AID=/20050806/BUSINESS/508060490
By MICHAEL POLLICK
michael.pollick@heraldtribune.com
SARASOTA -- An Atlanta developer, Peachtree Group, has agreed to pay $50 million so that it can tear down a downtown waterfront condo complex and build 62 high-end units.
Confirmation of Peachtree's involvement came from Mark Kercher, a freelance real estate investor who put together the deal for Peachtree.
Various groups have been vying for the Pier 550 property since January."We had heard that several folks had tried to assemble the property and made various offers," Kercher said Friday. "The last offer we heard was $45 million, which is when we upped the ante."
Read the rest of the article here:
http://www.sarasotaherald.com/apps/pbcs.dll/article?AID=/20050806/BUSINESS/508060490
posted by Marc Rasmussen at
10:34 AM
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