Bank of America preps move, Benderson marketing Ellis space

Bank of America preps move, Benderson marketing Ellis space

By: Roger Drouin

Benderson!

Benderson!

Bank of America is preparing to move from the first floor of a 13-story tower at Main Street and Orange Avenue in downtown Sarasota to a smaller stand-alone branch on Fruitville Road.

The big bank’s shift a few blocks east could bring big changes to Main Street—including the possibility of more retail. In March, the bank’s downtown branch will move from the ground floor of the Ellis Building, one of downtown’s most prominent towers, freeing up more than 27,000 square feet of commercial space.

The bank will move into a 5,000-square-foot building under construction at the southeast corner of Fruitville Road and U.S. 301. Bank of America will also relocate one of its branches now situated at the corner of U.S. 301 and 13th Street to the new building at 1990 Fruitville Road.

“Both of the banks were less than one mile away
,” says Bank of America spokesperson Diane Wagner. “So that’s why they were consolidated.”

The move opens nearly one block of mid-Main Street commercial space to potential tenants.

Larry Fineberg, with Benderson Development Co., which owns the Ellis Building, says Benderson has been in contact with several potential tenants interested in the vacant space.

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Filed under Commericial Real Estate Articles & News, Investment Real Estate

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