Bed Tax Suffers From Decline In Tourist Revenue

Sarasota tourism revenue is in decline for the third consecutive month in a row. This has translated into a 12 percent drop in October 2018’s bed tax figures compared to those from October 2017. The tourist development tax is a 5 percent charge on the revenue from short-term rentals, such as Airbnbs. In Sarasota, these … Continue reading Bed Tax Suffers From Decline In Tourist Revenue

Press Release: 2289 & 2291 Ringling Blvd.

Eric Massey continues to close deals! John Rattigan has purchased the 2,539 SF of commercial space located at 2289 and 2291 Ringling Blvd. from Michael & Lisa Fasanelli for $355,000. This property, located on the corner of Ringling Blvd. and Lime Ave., features an operating pizzeria that seats 52 patrons and includes amenities such as … Continue reading Press Release: 2289 & 2291 Ringling Blvd.

City of Sarasota Economic Development Report: Summer 2018 Edition

The Office of Economic Development has released its Summer 2018 edition of the City of Sarasota Economic Development Report, which documents all ongoing major commercial real estate projects in Downtown Sarasota. The report breaks down these projects by area and provides at-a-glance information on every major project.¬†You can view the full Summer 2018 report here. … Continue reading City of Sarasota Economic Development Report: Summer 2018 Edition

Briefs From Barwin

Here’s this week’s Briefs From Barwin report. This weeks topics include an update on the Red Tide situation, a temporary location for the Farmers Market, and information on Smithsonian Museum Day, which the John & Mable Ringling Museum of Art will be participating in. You can also find a list of upcoming shows at the … Continue reading Briefs From Barwin

Press Release: 2035 Constitution Blvd.

Eric Massey continues to close deals! TBMW Property Management has purchased the 3,006 SF office building located at 2035 Constitution Blvd. from Kim Wheeler for $490,000. This building, located off S. Tamiami Tr. between Proctor and Stickney Point roads, features a bright reception area, five large offices, two generous bull pen areas, a large and … Continue reading Press Release: 2035 Constitution Blvd.

Matt Walsh Presented With Business Leadership Award

This Thursday, the Economic Development Corp. of Sarasota County presented Matt Walsh, the owner, founder, and CEO of The Observer Media Group Inc., with the Clyde Nixon Business Leadership Award. The award is given annually to an individual in Sarasota County who demonstrates the personal and business values of Clyde Nixon, the founder of Sun … Continue reading Matt Walsh Presented With Business Leadership Award

Sarasota Approves Plans For “The Bay”

Plans for the large scale project to remodel Downtown Sarasota’s bayfront known as “The Bay” that we mentioned last December have finally been approved by the city. The Bay will be a 53-acre project that costs somewhere between $250-300 million and will include a new performing arts center, pedestrian bridges, waterfront promenade, a casual restaurant, … Continue reading Sarasota Approves Plans For “The Bay”

Press Release: 7522 S. Tamiami Tr.

Eric Massey continues to close deals! LV7522, LLC has purchased the 14,670 SF retail building located at 7522 S. Tamiami Tr. from Bacon Properties, LLC for $2,100,000. This building, located on the west side of the Trail between Caribbean Rd. and Sandalwood Rd., has an incredible presence that enjoys a daily traffic count of over … Continue reading Press Release: 7522 S. Tamiami Tr.

City Parking Garage Lawsuit Expenses Dramatically Reduced

You may remember back in May when we shared the Herald Tribune’s story about a long running breach-of-contract dispute that the City of Sarasota had with Buck-Leiter Development over the Palm Avenue Parking Garage that, at the time, resulted in a nearly $50 million bill for the City of Sarasota. Here’s some good news for … Continue reading City Parking Garage Lawsuit Expenses Dramatically Reduced

The Colony Begins Demolition After 10 Years of Deterioration

The Colony Beach and Tennis Resort was once a luxurious and renowned destination visited by tennis stars and celebrities alike, but ever since closing in 2010, it has fallen into severe disrepair. Originally opened in 1967, the Colony became one of the greatest tennis landmarks in the United States, attracting legends like Andre Agassi and … Continue reading The Colony Begins Demolition After 10 Years of Deterioration