SVNCP IN THE NEWS! Punta Gorda's City Marketplace Back on the Market with Exciting Development Plans

Downtown Punta Gorda's City Marketplace is once again in the spotlight as it hits the market with a price tag of $12 million. This prominent 5-acre property, left vacant since Hurricane Charley in 2004, is set to transform the heart of the city with a bold mixed-use development proposal that promises to bring new energy and opportunity to the area.

A Bold Vision for the Future

The latest proposal for City Marketplace introduces an ambitious development plan, including:

• 270 residential units, providing diverse housing options.

• Over 17,000 square feet of retail space, supporting new shops, cafes, and businesses.

• A 60-room boutique hotel, enhancing the downtown experience for tourists.

• A modern parking garage, improving accessibility and convenience.

The new design aligns with Punta Gorda's updated building requirements and land development regulations, reflecting a thoughtful approach to community growth.

Meet the Listing Team

The property is being marketed by SVN Commercial Partners, with a team of experienced brokers, including Ashley Bloom, Ron Zeigler, and Margeaux McCarthy. Their expertise in commercial real estate ensures a seamless process for potential buyers interested in this transformative opportunity.

For more details about this property and development plans, visit the official listing website: PG City Marketplace Listing.

Community Perspectives

Local business owners, such as Alina Cosman, are enthusiastic about the potential impact of the proposed development. "This could bring more activity and support to the downtown area, benefiting everyone in the community," Cosman shared.

Meanwhile, community leaders like Gary Skillicorn, a former planning commission member, emphasize the importance of incorporating green spaces into the design. "Balancing urban growth with outdoor areas will enhance the quality of life and preserve the charm of Punta Gorda," Skillicorn remarked.

Next Steps

The development proposal is currently under review by Punta Gorda's city staff. If approved, this project could be a pivotal moment in the revitalization of downtown, offering a new hub for residents, businesses, and visitors alike.

For more information about this exciting development, check out the full story on Fox 4 Now.

For detailed property information, visit the official listing at PG City Marketplace Listing.

What are your thoughts on the future of Punta Gorda's City Marketplace? Share your ideas in the comments below!