OCTOBER 6 - OCTOBER 12, 2023 | THREE DOLL ARS
FLOR IDA’S NE WSPAPER FOR T HE C - SUI T E
Entrepreneurs | Young real estate whiz launches multifamily development firm. PG.12 PASCO • H ILL SBOROUG H • PIN ELL AS • P OLK • M A N ATEE • SA R ASOTA • C H A R LOT TE • LEE • COLLIER
Hold Steady
inside: GOVERNMENT
New Digs
Sarasota County government officials have released plans, details and renderings for its new administration center east of Interstate 75. PAGE 3
DATA SNAPSHOT
Money Moves
Millennials, maligned for many reasons, are moving to Florida — and bringing lots of money with them — in droves, a new report shows. PAGE 6
COMPANIES
Sweater Weather
For t Myers-based women’s retailer Chico’s FAS, celebrating its 40 year anniversary in 2023, has accepted a $1 billion buyout offer from a New York private equity firm. PAGE 7
DEVELOPMENT
Fresh Start
Work is underway at SOTA, a hybrid boutique luxury hotel and condo tower in downtown Sarasota, on a parcel of Main St reet of ten overlooked for development. PAGE 8
REAL ESTATE Drinkware maker sells building for $15.35 million. 14
Feld Entertainment, on a mission to deliver smiles, makes a big investment on a rebooted ‘Greatest Show on Earth.’ PAGE 10
Report: Industrial vacancies in Sarasota, Fort Myers, at historic lows. 14
DON’T MISS
College president retires. PAGE 3
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MARK WEMPLE
UTILIZING TRUSTS IN ESTATE PLANNING See Page 3