Harborview Capital Group and Torose Equities have acquired Fishermen’s Village, a 22.8-acre waterfront mixed-use destination in Punta Gorda, Florida, for $43 million through a court-supervised receivership process. The acquisition positions the partners to undertake a multi-year redevelopment of one of Southwest Florida’s best-known waterfront properties, with financing provided by Lake Michigan Credit Union.
The waterfront asset includes approximately 97,000 square feet of fully leased retail space, a recently renovated 47-room waterfront hotel and a 142-slip marina. While the retail component provides stable in-place occupancy, the marina sustained significant hurricane damage in 2024 and will require substantial reconstruction, making it a central focus of the property’s redevelopment strategy.
The transaction reflects a value-add investment thesis centered on restoring a landmark destination with diversified income streams across hospitality, retail and marina operations. Acquiring the property through receivership created an opportunity for buyers capable of navigating a complex acquisition while committing the capital and operational expertise needed to execute an extensive restoration program.
Punta Gorda-based Harborview Capital Group brings deep local market knowledge to the partnership. The firm’s portfolio spans hospitality, retail, industrial and mixed-use real estate, and its recent investments in the city include the former Muscle Car City property and the Military Heritage Museum complex. Miami-based Torose Equities contributes experience repositioning retail, office and mixed-use assets throughout Florida, having invested along the Gulf Coast since 2017. Its holdings include properties in Tampa, St. Petersburg and Bonita Springs, where it is developing a 250,000-square-foot lifestyle center.
“We have been investing on Florida’s Gulf Coast for nearly a decade, from Tampa and St. Petersburg to Bonita Springs, and Fishermen’s Village is unlike anything else in our portfolio,” said Scott Sherman, founder and principal of Torose Equities. He said the two firms initially pursued the acquisition independently before deciding to combine Harborview’s local expertise with Torose’s experience executing complex value-add repositioning projects, a partnership that ultimately enabled the transaction to move forward.
Anthony Dubbaneh, co-founder of Harborview Capital Group, said the acquisition reinforces the firm’s long-term investment strategy in Punta Gorda. “We are honored to become the next stewards of a property that has anchored this waterfront for more than four decades,” he said, adding that Fishermen’s Village represents another significant investment in the community.
The new ownership group plans to work closely with the City of Punta Gorda, existing retailers and marina tenants as restoration efforts move forward. The redevelopment is expected to focus on rebuilding the marina while preserving the property’s role as a waterfront destination for residents, visitors and boaters.
For Harborview and Torose, the acquisition expands their presence in Florida’s Gulf Coast commercial real estate market while adding a distinctive mixed-use waterfront asset with significant long-term upside. By combining stabilized retail and hospitality operations with a major marina redevelopment opportunity, the partners are positioning Fishermen’s Village for renewed growth as tourism, boating activity and population expansion continue to support demand across Southwest Florida’s waterfront markets.