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The Business Observer is the leading provider and most authoritative source of business and economic information affecting the Florida Gulf Coast from Tampa Bay to Naples.
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News
Failed hotel, conman, chamber, bank all in Longboat building's 50-year history
3+ day, 20+ hour ago (723+ words) Residents of the north end of Longboat Key in Manatee County are most likely familiar with the glass building that neighbors Whitney’s restaurant near Broadway Street. If the building is demolished, that will be its last step in a storied…...
Philadelphia investor pays $29M for Pasco County shopping center
4+ day, 13+ hour ago (204+ words) CenterSquare Investment Management, a suburban Philadelphia real estate firm, has bought the Pasco County shopping center the Hub at Bexley. The firm, according to a statement, bought the 50,300-square-foot Land O’ Lakes shopping center in part because it “fits our…...
Fast-growing car wash chain chooses fast-growing Polk city for expansion
1+ week, 23+ hour ago (398+ words) AquaShine Express has opened its first newly-built car wash in Winter Haven, expanding the company’s footprint across the Southeast. The location on Eloise Loop Road celebrated its grand opening earlier this month and is AquaShine’s 11th car wash across Florida, Georgia…...
Bonita Springs center lands restaurant, coffee shop chain
1+ week, 5+ day ago (178+ words) A local Mediterranean restaurant and global coffee chain are joining the tenant roster of Midtown at Bonita, the 68-acre mixed-use development under construction in Lee County. The restaurant is the family owned Alea which will serve Mediterranean dishes “with Greek…...
Longtime Sarasota custom clothier closes shop, shifts to concierge model
1+ week, 5+ day ago (310+ words) A Sarasota menswear mainstay is shuttering its brick-and-mortar location in the Burns Court area just south of downtown, but the business is not closing. Instead, Cravats’ Custom Clothiers & Haberdashery is shifting to a concierge model and will see clients by…...
Sarasota banker leads U.S. Bank???s business banking expansion
1+ week, 5+ day ago (199+ words) One of the largest commercial banks in the United States is adding business banking in Florida. U.S. Bank announced on Monday it is expanding into Florida and Georgia with business banking for the first time in a strategic move to support…...
Benderson Development acquires three retail properties in region
3+ week, 4+ day ago (523+ words) Business Observer Benderson Development acquires three retail properties in region East Manatee-based Benderson Development recently acquired three retail properties totaling nearly 350,000 square feet across the region, from Pinellas to Lee County. The acquisitions include shopping centers Venice Market Place and…...
Bealls enters Michigan, expands into New York
3+ week, 4+ day ago (258+ words) A Bradenton-based off-price retailer is growing its footprint by entering a new state and expanding its presence in a major fashion capital. Bealls will open its first stores in Michigan this fall, the company says, and it has grown its…...
Lakeland logistics company cutting 178 jobs in Plant City
3+ week, 5+ day ago (323+ words) Lakeland-based Saddle Creek Logistics Services is laying off 178 employees at its Plant City facility on County Line Road. The company, one of Polk County’s top employers, notified state officials of its plans in an Aug. 14 letter saying it was permanently…...
North Port daycare property sells for $3.6 million
4+ week, 1+ day ago (136+ words) Marcus & Millichap has closed on the sale of a North Port building leased to La Petite Academy. The firm says the New Jersey buyer, an investor, picked it up as part of a 1031 Exchange for $3.64 million. Sarasota County property records…...