A new grocery store planned by developer for Bee Ridge and Beneva

A new grocery store planned by developer for Bee Ridge and Beneva via Inside Real Estate

By John Hielscher

Commercial 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.

For full article – CLICK HERE <——–


Leave a comment

Filed under Commericial Real Estate Articles & News, Investment Real Estate

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s