4 | 16 | 2012
TerraCap Partners buys The Loop for $11.75 million
“We have been working with the city of Punta Gorda,” says TerraCap Managing Director Michael Davis. “It’s not within the city limits, but we are discussing the possibility of annexing it and the potential land uses. We are considering an outdoor mall product that is similar in design to Gulf Coast Town Center [in Fort Myers]. A mixture of retail, office multifamily residential and possibly a hotel.”