Waldemere Plaza deal back on track [South Florida]
Sarasota Memorial Hospital expected in early 2006 to have the sale of its Waldemere Medical Plaza wrapped up before the calendar turned over.
Five months into this year, hospital officials are now hoping to complete a pending $25 million deal to sell the eight-story building to a team of doctor tenants and a Boston-based developer by the time 2007 ends.
But while the sale of the 1921 Waldemere St. medical building has taken longer than anticipated, hospital officials believe the outcome will justify the length of time the process has taken.
“I’m happy that the process is moving along,” said Michael Harrington, the hospital’s chief operating officer. “Remember, we’re not just trying to sell a building here. We’re trying to align with a long-term, master facility plan and meet the needs of our physician tenants at the same time.”