A new grocery store planned by developer for Bee Ridge and Beneva via Inside Real Estate
A local developer with a diverse portfolio is planning to build a grocery store on church-owned land at one of Sarasota County’s busiest intersections.
Jebco Ventures Inc. intends to purchase a four-acre site at the southwest corner of Bee Ridge and Beneva roads for the grocery, now home to the Rivers Edge Community Church.
Jim Bridges, Jebco’s president, said Thursday he plans a 41,000-square-foot grocery store on the site. He declined to identify the retailer’s name, however, citing a confidentiality agreement.
“In probably all of Sarasota County, it’s an ‘A’ location for what we intend to do with it,” Bridges said. “With the traffic and consumer goods sales within that area by other stores, it’s a strong area.”
The property is listed for sale at $6.7 million. It was put on the market in December 2010 for $8.5 million.
Jebco met with county officials last month to discuss the project, but has yet to file any formal plans for the property. Bridges said he hopes to begin construction early next year.
The grocery faces some key hurdles, though.
The site must be rezoned from its current office designation to a more intensive commercial general one.
Additionally, a county comprehensive plan amendment will be needed to change the designation from Village 1 to “commercial corridor.” Traffic impact and other studies also will be required.
If approved, the church would be razed. Pastor David McCoy at Rivers Edge could not be reached for comment Thursday to discuss the church’s plans.
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