Developer buys former restaurant site

BUYER: DavTami Enterprises LLC (manager: Anthony Fortino), Naples
SELLER: Fifth Avenue Plaza LLC
PROPERTY: 1807 Tamiami Trail E., Naples
PRICE: $1.5 million
PREVIOUS PRICE: $2.9 million, October 2005
LAW FIRM ON DEED: Cheffy Passidomo PA, Naples

PLANS, DESCRIPTION:
Fortino Construction & Development LLC purchased a 1.62-acre parcel for $1.5 million.

The price equated to $925,926 per acre.

The triangular shaped piece of land lies between Davis Boulevard and U.S. 41 just east of where the two roads intersect. It previously housed a Burger King, the Bermuda Triangle restaurant and the Dry Dock Raw Bar & Grill. The site was cleared in 2011.

With offices in Naples and Hackensack, N.J., Fortino Construction & Development has 25 years of experience.

Firm owner Anthony Fortino declined to comment on the purchase.

The purchase entity, DavTami Enterprises LLC, mortgaged the property to Pine Tarr LLC for $1.2 million.