THE PLAYERS CENTRE FOR PERFORMING ARTS SELLS ITS PROPERTY IN DOWNTOWN SARASOTA
Sarasota, FL Oct. 3, 2018 – The Players Centre for Performing Arts is excited to announce that the sale of its property on 9th street and N. Tamiami Trail in downtown Sarasota is completed. The buyer wishes to remain anonymous at this time. The Players has also entered into a two (2) year lease back agreement. This allows The Players to lease the property as of Oct. 1, 2018 for a full two years, until Oct. 1, 2020.
Real estate agent Ian Black of Ian Black Real Estate has handled the sale of the property with Jag Grewal, CCIM, partner at Ian Black Real Estate handling the sale for the buyer.
The Players Board of Trustees Chairperson Donna DeFant says, “The Board of Trustees and I are pleased that we can now get on with planning our new state of the art facility in the Waterside development.”
The timeline for The Players new performing arts complex in Lakewood Ranch’s Waterside Place has shifted since the sale of the property from an initial buyer fell through this summer. Now the theatre will invest in the completion of its architectural design for the next six to eight months and break ground in 2019. With community support, the new Players Centre for Performing Arts will be up and running in 2021.
“In the Shakespeare play A Midsummer Night’s Dream there is a wonderful quote about love. ‘The course of true love never did run smooth.’ I would like to replace ‘true love’ with ‘real estate transactions.’ We have been through a bit of a ride with the sale of our property, but it’s only to be expected,” says Artistic Director Jeffery Kin. “Now, we are happy to say that we not only were able to close on the sale of our property, but that the new owner asked us to stay an extra year! So, speaking for the creative side of The Players, we are thrilled! We now have the money to invest in the design of our new building and we have a home until September of 2020. Exciting times for all of us at The Players Centre!”
About The Players Centre for Performing Arts
The Players Centre for Performing Arts is a 501(c)(3) organization dedicated to presenting diverse, high quality, popular theatrical performances that entertain and captivate. The overall intent is to stimulate, enrich and educate the entire community. Its Main Stage features the Broadway Series, SNAP (Something New At the Players) and Summer Sizzler Series. Backstage at the Players is home to more thought-provoking, eclectic pieces. In addition to providing entertainment to the community, The Arnold Simonsen Players Studio offers a wide range of education and outreach programs for children and adults.