The independently owned and operated Sarasota-based Capstan Financial Consulting Group is expanding to Wellen Park with a 4500 sq ft, second story office in Downtown Wellen. “Downtown Wellen was designed for convenience and bringing restaurants, retail and professional services to the local community,” says Rick Severance, president of Wellen Park. “We are pleased to announce the addition of Capstan Financial to our growing list of tenants.”
Currently under construction, the first phase of Downtown Wellen is expected to open during the fourth quarter of 2022. Capstan Financial has already established a presence in Wellen Park, operating from temporary
office space at 19503 S. West Village Parkway Suite A4 until the new building is completed. Managing
Partner Matt DePalma says the location will employ about a dozen people and have offices for eight
“We’re looking forward to getting in on the proverbial ground floor and being entrenched in the
community for the next 20 to 30 years – and beyond,” says DePalma. “This is a great opportunity to grow with the community. Wellen Park appeals to the hometown approach of Capstan.”
Started by DePalma and Bill Marsh in 2010, Capstan is a boutique financial consultancy, managing $1 billion in client assets as of March 2022. The firm provides retirement, estate and education planning, wealth management, investment plans and employee and executive benefits. DePalma said Capstan is currently recruiting advisors and support staff. For more information on Capstan Financial Consulting Group, call 941.477.5300 or visit Capstanfinancial.com.
Downtown Wellen continues to announce new businesses, most recently Kind Vibes Outfitters as its outdoor recreation outfitter offering bicycle, kayak and paddleboard rentals, located on the 80-acre Grand Lake. Additional tenants include Mirabella’s Italian Coastal Cuisine, Oak & Stone, Villani & Co. and Bright Ice.
Designed as a vibrant gathering place, Downtown Wellen features the 80-acre lake, retail shops, waterfront dining, pedestrian-friendly streets and public community spaces. It will also have a permanent food truck park, event lawn and Solis Hall for concerts, events and other community gatherings. Nature-inspired features like a children’s playground blending into its surroundings and a hammock grove with a lounge area under a nearly 100-year-old heritage oak tree connect visitors with the outdoors and provide spots for rest and relaxation.
A 2.8-mile trail circles the lake, creating opportunities for biking, walking and running. Consistently ranked among the U.S.’s top fastest-selling master planned communities annually by prominent real estate consulting firm RCLCO, Wellen Park offers a mix of residential, commercial and recreational options. The community currently has approximately 9,000 residents, and at full build-out will have more than 50,000 residents and 22,500 homes within its three distinct districts: West Villages, Downtown Wellen and Playmore.
For more information about living at Wellen Park, call 941.960.7805, go to Wellenpark.com, or
visit the Welcome Center at 12275 Mercado Drive in Venice. The Welcome Center is open Monday-
Saturday, 10 AM to 5:30 PM and Sunday, noon to 5 PM.