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Renovation Proves Costly - Fall/Winter 2001

The purchase and renovation of the Federal Building is the highest sales price...

The purchase and renovation of the Federal Building is the highest sales price per square foot in Sarasota’s downtown office category. While the final numbers are not in, the estimated purchase price plus renovation is $3.8 million or almost $400 per rentable square foot.  Comparatively, the City Centre recently sold for approximately $101 per rentable square foot.