Punta Gorda’s City Marketplace hits market for $12M

Author: Nancy Semon, Gulfshore Business
Published: Updated:

The vacant City Marketplace acreage in downtown Punta Gorda hit the market recently with a $12 million price tag and is being marketed as a mixed-use development opportunity that will blend residential, retail and hospitality for a live-work-play environment.

The 5.42-acre parcel, owned by PGI Marketplace LLC of Naples, is in the heart of the downtown area and bordered by northbound U.S. 41, Marion Avenue, Taylor Street, Harborside Avenue and Retta Esplanade. The property is being marketed by SVN Commercial Partners’ Ron Zeigler, Ashley Bloom and Margeaux McCarthy.

Bloom said the seller hired Texas-based Humphreys & Partners Architects to create a plan within the city’s code that would complement and blend in with structures already in place.

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