Since its acquisition, Terracap has made significant progress in transforming the Bee Ridge Park of Commerce property, a 54-acre site strategically located in Sarasota, Florida. Approximately 2 acres of the property have been sold to Racetrac, which has since constructed a modern gas station that serves the surrounding community and benefits from the site’s high visibility and accessibility. Additionally, an 18.5-acre parcel was sold to DR Horton, a prominent homebuilder. Construction is currently underway on this parcel for 89 residential homes, catering to the growing demand for housing in the area. The property’s location is a key asset, situated just half a mile east of the Interstate 75 interchange, a vital transportation hub. With direct frontage on Bee Ridge Road, a major east-west arterial road, the site enjoys excellent connectivity to Interstate 75 and US Highway 41, enhancing its appeal for both residential and commercial development. This prime location places the Bee Ridge Park of Commerce at the heart of a thriving and rapidly expanding commercial corridor, making it one of the few remaining parcels of land available for development in this high-demand area.

Out of the 54 total acres that comprise the property, 32.25 acres were designated as developable land, providing ample opportunities for diverse projects. To date, 20.4 acres remain available, offering significant potential for future development. Terracap initially acquired the property with a vision to create a dynamic and multifaceted hub, incorporating a mix of commercial, office, retail, hotel, and multi-family uses. This vision aligns with the increasing demand for integrated spaces that cater to the needs of a growing population and evolving business landscape in Sarasota.

As the Bee Ridge Park of Commerce continues to evolve, it stands as a testament to Terracap’s commitment to enhancing the region’s infrastructure, supporting residential growth, and fostering economic development.