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Saturday, September 23, 2023
Rand Estate off the market, Marotta says

Developer Benny Marotta has taken the Rand Estate off the market, after putting it up for sale for $19 million in October of last year.

Marotta said his family decided to take the property off the market after no one came forward with a serious intent of purchasing it.

He claimed he listed it to give members of local activist group Save Our Rand Estate a chance to purchase the property.

However, the group didn’t come forward with any offers.

He said he’s unsure what he will end up doing with the property.

“Time will tell,” he said.

SORE, in an email to subscribers on Wednesday, said it had “previously questioned whether the $19M price tag would garner any interest and whether this was even a bona fide attempt to sell those properties.”

“We await Mr. Marotta’s next move.”

SORE members did not immediately respond to inquiries from The Lake Report as to whether they had ever considered making an offer to purchase the property when it was for sale.

The group has been actively trying to influence what happens with the property since 2017.

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