Virginia firm secures $20.5M loan for luxury condo development site in downtown Sarasota
By Emma Behrmann
Tampa Bay Business Journal
Published: Dec 23, 2025

A Virginia-based real estate investment firm has secured financing to develop a site slated for condos or mixed-use in downtown Sarasota, two years after acquiring the land.

SteeleHarbour Capital Partners secured a $20.5 million loan to begin pre-development of a 3.3-acre condominium and mixed-use development site at 1520 Ringling Blvd., dubbed Fifteen20.

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