OVER QUAY RESOLVED

A lawsuit over the former Sarasota Quay property has been settled in mid-trial, paving the way for the sale and eventual development of a bayfront tract that is among the most desirable urban parcels in Florida.

Under an agreement reached late Thursday afternoon, Irish Bank Resolution Corp. will be able to formalize a foreclosure against the land’s Dublin-based owners on the 15-acre tract, which has lain vacant for six years.

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