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Carlton hired to secure $100M financing for Sarasota complex
Lion’s Gate Development has hired Carlton Advisory Services as equity
and debt advisor for its mixed-use project in Sarasota to be called the
Proscenium. Carlton will seek a $100 million bridge loan for
acquisition and pre-development financing for the project. Later on
they will secure equity partners and construction financing for the
complex, which will be anchored by Waldorf Astoria Hotel &
Residences. Perkins Eastman Architects has been hired to design the
project. Koniver Stern will handle retail consulting and leasing and
Sotheby’s International will handle sales for the residential units. TRD