The building, at 1741 Main St., in Sarasota, Florida, has a heavy glass front and is well-known in the city. It’s owned by Stephens Capital, a Little Rock, Ark.-based investment firm. The sale is expected to happen at the end of 2018.
Ruben may build apartments on the site, according to the Business Observer.
“It's an incredible opportunity, a building with wide-open floor plates and it's a tremendous canvas unlike any I've had in my entire development career,” Ruben said. “It's a beautiful building on 3.7 acres, in the heart of downtown Sarasota, with the opportunity to some sort of mixed-use project.”
Terms of the pending sale weren’t disclosed. The 72,000-square-foot building is currently vacant and has had a recent asking price of about $14 million.
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