Archive for the ‘Commercial Real Estate’ Category

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Longboat Key Club Expansion

October 14, 2009

The Longboat Ke CLub in currently in the final stages of planning and approval of a proposed $400,000,000 expansion of the resort and club. The expansion will bring a new hotel additional resort amenities, condos and jobs and tourism to Longboat Key.

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hh gregg Sarasota

October 5, 2009

The electronics super store, hh gregg has opened a new location at the corner of Fruitville Road and Honore Avenue. The new store which is similar to Best Buy and the now out of business, Circuit City will be open soon.  Also opening soon in the Sarasota Crossings Plaza is an Office Depot.

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Good Earth Natural Foods Lakewood Ranch

October 3, 2009

The Good Earth Natural Foods Grocery is now open on Main Street in Lakewood Ranch. Local residents are please to have the new grocery store in the location previously occupied by Morton’s Market. Prior to Good Earth Natural Foods opening the space had been leased to Ada’s Natural & Organic Foods but the deal fell though as Ada’s began having financial troubles with it’s existing stores.  For more information visit www.goodearthfoods.com/lakewoodranch.html

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New Publix on Bee Ridge Road Update

February 6, 2009

Back in July I wrote of the new 28,000 square foot Publix grocery store and 19,000 square feet of retail to be developed on Bee Ridge Road.  This new shopping enter which will also include a Suntrust Bank will make life much more convenient for those living in communities such as;

  • Laurel Lakes
  • Laurel Meadows
  • The Hammocks
  • Bent Tree Golf & Country Club
  • Laurel Oaks Golf
  • Gator Creek Golf Club
  • Misty Creek Country Club
  • Heritage Oaks Golf & Country Club
  • The video above was taken February 5th, 2008.  Improvements are also being made to the intersection of Bee Ridge and Iona Roads.  In the coming days you will find profiles and updates of the above communities that will benefit most from this new shopping center.

    Click here to view more information about the new shopping center.

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    Bank Owned Developments

    February 3, 2009

    The current economic climate is creating many wonderful opportunities. Currently there are many available bank owned properties suitable for future housing development. These properties consist of multiple housing lots that are available in partially developed neighborhoods. With the credit crunch banks have refused to renew short term loans that had been given to developers. Having now foreclosed on these properties, the banks want them liquidated at prices that are far below original cost. Many such properties are complete with all infrastructure in place and ready for new homes when the market recovers.

    Local builders such as Pat Neil are currently selling many new homes in developments where the land cost is low enough to make new construction profitable at today’s market pricing. At the new lots prices that are available from the banks these lands will perform well for savvy investors who take advantage of such opportunities.

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    New Mall on University Parkway

    November 4, 2008

    Recently the Benderson Group and it’s partners have received final approval to pull permits on the construction of their new mall on University Parkway.  The mall to be called the University Town Center will be modeled after the Mall at Millenia in Orlando.  The developers expect that at least 70% of the retailers in the mall will be new to the Sarasota area which they say has been undeserved by the luxury retail segment. Currently shoppers in our are have to travel to Tampa or Naples to shopp at a Tiffany’s or Neiman Marcus.  Additional retailers will include the likes of Pac Sun, Talbots, Abercrombie & Fitch, Jimmy Choo, Louis Vuitton, Cartier, Chanel and Vilebrquin.  Soon locals and international travelers will be able to enjoy such stores right here in Sarasota.  Such high end retailers will be good for our area and will attract more international visitors to our town.  According to Visit Florida, shopping ranks as the highest priority among international travelers while only fifth in importance among domestic tourists.  This is one of the reasons the mall’s developers are bullish on the project despite the current economic climate.  They have indicated that they will pay for the project from their own funds if favorable financing terms are not procured.

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    Ada’s, Lakewood Ranch

    September 15, 2008


    The Main Street Lakewood Ranch location that was once occupied by Mortons Market will soon be the new home of Ada’s Natural Foods.  The new organic market will open in January 2009.  Ada’s specializes in natural and organic foods, beauty aids, vitamins, herbs, sports nutrition supplements, protein powders, pet supplies and cleaning products.  Ada‘s Natural Foods has been voted, by an independent reader poll, “Best Health Foods Store” in Southwest Florida for five…make that 6 consecutive years.

    For more information visit http://www.adasnatural.com