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

Sign Up for the undefined Newsletter