Developer to build car condos in Bonita Springs

Bonita Springs

Investor plans to build car condos off Old 41

A 4.05-acre parcel in Bonita Springs has been sold to an investor who plans to build a luxury car garage storage facility on it. The buyer is an LLC named Bonita Motor Vault and it paid $3 million for the property at 25411 Bernwood Drive in the Bernwood Business Park. Loyd Robbins, of the Sarasota commercial real estate firm Loyd Robbins & Co., says Ernie Heymann is behind the project. Heyman is an investor in luxury and workforce multifamily communities who once converted a 196-unit apartment complex into the San Mirage of Bonita Springs condos. Heyman’s plans call for the construction of the Bonita Auto Vault, says Robbins, who brokered the sale. While still in the planning stages, the upscale garages will be designed with flood and hurricane protection in mind and each will include additional mezzanine space. The climate-controlled units will be customizable to allow each garage owner to provide their own finishing touches. The property is off of Old 41 Road, just south of Bonita Isles, and was previously owned by TPC Bonita Springs LLC, which paid $2.46 million for it in 2022.

Tampa

Bagel chain expands into Florida

PopUp Bagels, a northeastern bagel chain, is opening a Tampa location — its first in Florida — in a space occupied by a dry cleaner for about 20 years. The new shop is scheduled to open the first week of September at Kennedy Plaza on 4528 W. Kennedy Blvd. Jeff Dervech, president of Tampa-based Dervech Real Estate, says the company leased about 1,900 square feet in the center and the franchise owner has been updating the space for several months. Dervech represented the landlord and did not disclose the least terms. PopUp says on its website that its bagels are no frills with a “crispy crust and soft crumb center, just the right size and with a perfect proportion of seeds.” The Tampa shop will be PopUp Bagel’s 15th location. It has seven in New York, four in Connecticut and three in Massachusetts. The space was previously leased by McNatt’s Cleaners. The chain closed the location about a year ago.  

Office building near airport sells at loss

Image courtesy of CBRE

A real estate investment company has bought a four-story Tampa office building for $2.57 million less than what the previous owner paid for it in 2010. The building, leased by J.P. Morgan Chase, is the 176,150-square-foot Fountain Square III at 4900 Memorial Highway, just off the Veterans Expressway near Tampa International Airport. The buyer, according to Hillsborough County property records, paid $25.18 million. It was previously owned by Net Lease Office Properties, which bought it in 2010 for $27.75 million. The buyer, according to county property records and the deed, is named Reva Fountain Square 3 DST. County records list a Daniel Island, South Carolina, address for it and the state’s Division of Corporation’s database lists a Richmond, Virginia address. (CBRE Group, which represented the seller, says in an announcement that the buyer was a Virginia firm named Re Gain Investment Fund. The firm did not respond to questions about the discrepancy.) Fountain Square III was built in 1999 by The Wilson Co. CBRE’s Dale Peterson, Joe Chick, Courtney Shell and Will Pike represented Net Lease Office Properties.

Osprey

Tervis executives buy lone remaining retail store

Two Tervis veterans have purchased the last remaining retail store for the drinkware brand, which is in Osprey, south Sarasota County. Hosana Fieber, CEO of Tervis until the company was acquired last month, and Rogan Donnelly, a minority owner whose family founded Tervis, bought the standalone store at 928 S. Tamiami Trail. Financial terms of the deal were not disclosed. The duo told the Business Observer they were buying the store at the same time as investor group JV2 Innovative Products, now operating as Tervis LLC, was purchasing Tervis. Tumblers, mugs, water bottles, accessories and products from the company’s new melamine line TervisHome are available at the Osprey store, according to a statement. The shop is the only retail location that will accept warranty returns of Tervis products, the statement adds. Fieber and Donelly also bought the equipment at the store that will allow people to make customized tumblers and water bottles on the spot. The location served as the company’s manufacturing plant in the 1960s before transitioning to become its flagship retail location around 2005, according to the statement.

Sarasota

Gym plans move to new downtown location

Jefferson Fit, a two-year old gym in Sarasota’s Mira Mar building, is moving out of the property ahead of a planned renovation and into new digs in the city later this year. The locally owned fitness and wellness center’s new space will be at 1956 2nd St. in the former BB&T building at the corner of Links Avenue and 2nd Street. It will be across from the Aster & Links apartments and Sprouts Farmers Market store, about two blocks north of Main Street. The ground floor space center will be 12,000 square feet. Jefferson Charles, the gym’s owner, says the move into the new space will allow it to add new services and amenities. While growing the facility was already the long-term plan, the situation at the Mira Mar, which is primed for redevelopment, shifted the timeline up. As part of the move, Jefferson Fit will add additional infrared saunas and as well as IV therapy, a salt and red light therapy booth and massage therapy. Members will also have access to a smoothie bar along with a full-service open gym with cardio and strength equipment, one-on-one personal training and group fitness classes. It will also have more visibility because of the location and because of the floor plan. Jefferson Fit signed an initial lease for eight years with renewal options that could extend it to 20 years, Charles says. The gym will continue operating at the Mira Mar location until the new facility opens in early October.

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