The Real Deal Miami

Carlton hired to secure $100M financing for Sarasota complex

June 05, 2008 05:45PM

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