Harborview and Torose buy Fishermen's Village for $43 million

Harborview Capital Group and Torose Equities acquired Fishermen's Village in Punta Gorda, Florida, for $43 million through a court-supervised receivership process. The deal gives the partners a fully leased retail center, a renovated hotel and a storm-damaged marina that will anchor a multi-year restoration plan.

Why it matters: - Fishermen's Village is a waterfront anchor in Punta Gorda that has shaped the property’s commercial and tourism value for more than four decades. - The purchase gives Harborview Capital Group and Torose Equities control of a mixed-use asset that includes income-producing retail and hotel space, plus a marina that needs major reconstruction after hurricane damage. - The deal signals continued capital flowing into Florida Gulf Coast redevelopment, where storm recovery and repositioning opportunities can create long-term upside.

What happened: - Harborview Capital Group and Torose Equities jointly acquired Fishermen's Village in Punta Gorda, Florida, for $43 million. - The transaction closed through a court-supervised receivership process. - Lake Michigan Credit Union provided senior debt financing for the acquisition. - The property sits on 22.8 acres on the water in Punta Gorda.

The details: - Fishermen's Village includes about 97,000 square feet of retail space, a recently renovated 47-key waterfront hotel and a 142-slip marina. - The retail portion is fully leased. - The marina suffered hurricane damage in 2024 and will require substantial reconstruction. - The marina is a major part of the partnership’s redevelopment plan. - Harborview Capital Group is based in Punta Gorda and invests in hospitality, retail, industrial and mixed-use real estate. - Harborview co-founders Anthony Dubbaneh and Ankur Patel have longstanding ties to the Punta Gorda market. - Harborview’s recent local investments include the former Muscle Car City property and the Military Heritage Museum complex. - Torose Equities is based in Miami and focuses on value-add retail, office and mixed-use acquisitions. - Torose has invested on Florida’s Gulf Coast since 2017, with holdings in Tampa, St. Petersburg and Bonita Springs. - Torose is developing a 250,000-square-foot lifestyle center in Bonita Springs.

Between the lines: - The receivership process and the size of the reconstruction effort likely limited the buyer pool to firms with local operating experience and the capital to manage a long restoration cycle. - Scott Sherman, founder and principal of Torose Equities, said Harborview and Torose had pursued the deal separately before deciding they were stronger together. - Sherman said Harborview’s local knowledge and Torose’s repositioning experience helped close the transaction. - Anthony Dubbaneh said the acquisition extends Harborview’s long-term commitment to Punta Gorda.

What's next: - The partnership plans to work with the City of Punta Gorda, existing merchants and marina tenants on restoration and repositioning. - The marina rebuild will be a central focus of the next phase. - The partners will likely phase work over multiple years as they restore and reposition the waterfront property.

The bottom line: - Harborview and Torose bought a marquee Punta Gorda asset with stable retail cash flow and a heavy rebuild ahead, betting that patient capital and local ties can unlock value.