2nd update: The listing was pulled from loopnet
update: iStar/Superblock is not for sale
This listing is on the real estate website Loopnet.com for $55,000,000:
Beachfront Development Site Zoned For Commercial and Residential Use! Ideal for: Hotel, Catering Hall, Convention Center, Restaurant, amphitheater, Assisted Living Center
The question is: What property is this? I am going to go on a limb and say that it’s not the iStar Superblock, primarily because it mentions various uses, yet iStar has an already approved plan. They would include the development rights in the deal, this listing is for a vacant lot. Also, the Superblock is a 6-acre site. This listing is for 7 acres. Perhaps it’s for the foundation block? Although that lot looks smaller. I’m confused!!!