TAMPA, FL—Developers are looking north for prime land—north ofMiami, that is. With land harder to come by—and selling for higherprices as scarcity increases—some developers are eyeingsubmarkets.
Jacksonville, FL-based GreenPointe Communities,the community development division of GreenPointeHoldings, purchased a Sarasota, FL development site froman affiliate of National Asset Management Agency.The sale price was $27 million.
HFF managing director JaretTurkell, executive managing director Manuel deZárraga, and associate director ScottWadler, represented the seller. Turkell says, “The Quaysite represents arguably the best waterfront developmentopportunity on the entire west coast of Florida.”
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