Monthly Archives: July 2012

Acquisition of Main Street sports bar in Sarasota, FL completed by Mannausa

By Michael Braga, Herald-Tribune
/ Monday, July 23, 2012

Tommy Mannausa, who is planning to build a condo tower in downtown Sarasota as soon as the economy is in the clear, has completed the third phase of his Main Street acquisition plan.

An actor, song-writer and commercial developer
, Mannausa paid $870,000 for the empty lot at the intersection of Main Street and Gulfstream Avenue in late 2010 and then shelled out $1.446 million more for the Living Walls furniture store at 1311 Main Street in May.

Then earlier this month Mannausa’s company, Mannausa Gulfstream Development, paid $912,000 for the Sports Page bar and restaurant at 1319 Main Street

The building previously belonged to Bar Owners Inc., a Sarasota company managed by Robert L. Richards and Kenneth H. Barr, which paid $650,000 in November 1998

Mannausa said that both Living Walls and the Sports Page will remain open until he is ready to build “The Jewel” — an 18-story luxury condo tower with 360-degree views of the city and bayfront.

For full article and full plans for development, CLICK HERE <—-

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Holliday Fenoglio Fowler has arranged $37.15 million in new financing for a 379-unit apartment community in Tampa.

story via Globe St

Ringling Bridge by Sean Dreznin

TAMPA, FL-Holliday Fenoglio Fowler has arranged $37.15 million in new financing for a 379-unit apartment community in Tampa. Millennium Westshore Apartments is situated near Tampa International Airport and International Plaza.

HFF secured the five-year loan for AIG Global Real Estate through Federal Home Loan Mortgage Corp.
The multifamily community comprises 5 four-story buildings with single-, double- and three-bedroom units. Elliott Throne and Matthew Schoenfeldt of HFF represented the borrower in the deal. For the full story, go to Tampa Bay Business Journal .

For full story at Tampa Bay Business Journal by Mark Holan, click on “Done Deals: Westshore apartments get financing “

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Geico boat catches fire at Offshore Grand Prix

Geico boat catches fire at Offshore Grand Prix

Geico boat on fire

miss-geico-cox-media-credit-6-30-12

Geico boat on fire 2

Geico boat fire (pic by Cheryl Glassford / BN9)

SARASOTA – A witness who saw the Miss Geico racing boat catch fire on Saturday evening says the crew was initially unaware of the blaze.

David Gregg said he was with friends on his boat at the Ritz-Carlton on Lido Key when the Miss Geico “went flying past me. Its tail pipes were glowing like the Space Shuttle. Suddenly, flames were coming out the back and black smoke.”

The two people on board soon looked back and noticed the fire. They briefly attempted to put it out with a fire extinguisher but abandoned the effort and jumped out, Gregg said.

No one was reportedly injured in the fire that happened at about 5:30 p.m., roughly 250 yards off Lido Beach. The Miss Geico was supposed to be in Sunday’s 2012 Suncoast Offshore Grand Prix off Lido Key.

For full original article — CLICK HERE <–

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