Naples/Fort Myers
In money: The City of Fort Myers Housing Authority recently received a $9.4 million loan from the state that it will use to build a 92-unit affordable apartment community on Cleveland Street. The funding was provided by the Florida Housing Finance Corporation in the form of a State Apartment Initiative Loan. The SAIL program, as the name suggests, provides low-interest loans to bridge the gap between development capital and actual costs. The complex is part of the $97.8 million Greater Dunbar Initiative to revitalize the Southward Village public housing community. The plan aims to increase resources, amenities and economic opportunities for the community, according to the Housing Authority. In addition to the apartment complexes, 375 new mixed-income apartments will be built, 159 of which will be reserved for current residents.
An 8.8-acre mobile home park in Naples has been sold.
New park owner: Mobile home park in Naples sold. The 8.8-acre property on Henderson Creek Drive, named Oasis Mobile Home Park and Kenyon Mobile Home Park, was purchased by a group of investors for $3.25 million. Previous owners were Ben S. Moore Jr. and BMS & Sons. LSI Cos. announced the sale on behalf of the seller. A Fort Myers commercial real estate company says it will continue to operate as a mobile home park for the time being. The firm also recently brokered the sale of a 2.83-acre commercial property in Port Charlotte. The property, located at 4549 Tamiami Trail, was purchased by Ralph and Joan Horn of DAH Enterprises Inc. for his $1.35 million.
Tampa/St. Petersburg
Wishy wassy: Canadian investors have acquired Ruskin's America's Car Wash. The property is located at 728 Cypress Village Blvd. And the new owner paid $3.1 million. That's about $825,000 less than the $3.92 million the previous owner, P&A Investment Florida, paid in 2022. The new owners purchased the property through an LLC called Ruskin Investments. The company is based in Mississauga, Ont., a city just southwest of Toronto, according to the province's Department of Corporations database. Owners Gia and Mayam Khan own at least one of their LLCs in Florida, Sebring Investments. Both companies were formed on Oct. 17 and list Jia Khan as the registered agent for someone else's home in Orlando. As for the car wash, LoopNet's property profile states that it sits on a 0.85-acre lot and measures 6,124 square feet. Recent improvements include new chains for the tracks in the tunnel, a resealed parking lot, a new canopy, and new top brushes.
The Pin Chasers purchased a family-owned bowling alley in Brandon.
Bowling with dollars: Oakfield Lanes, a Brandon bowling alley that opened in the 1980s, has been sold. In a letter posted on its website, owners Tammy and Randy Jacobs announced that new owners, the Ping Chasers, will take over on January 1st. Jacobs did not provide details, but wrote that he had other offers besides his reputation as a pin chaser in the bowling world. It was definitely the best fit. ” Tammy Jacobs inherited the bowling alley from his parents, which was incorporated in 1982, according to the Better Business Bureau. According to the letter, the family had been in the bowling business for 65 years. This is the fourth bowling alley in the Pin Chasers area. There are two in Tampa and one in Zephyrhills. Pinchaser paid $2.92 million for the land, according to county property records.
Sarasota/Manatee
Rancher: Another large piece of farmland in Manatee County is up for sale. The 304-acre Montgomery Ranch on State Route 70 East in Myakka has been put up for sale with a listed price of $0.791 million. It joins the nearby 350-acre Durkin Dairy Farm, which was put up for sale late last year. Daikin's owners have said they hope to continue operating the property as a farm, but Montgomery's listing does not outline that intention at all. In a flyer, SVN Commercial Advisory Group describes the property as “luxury ranchette-style homes, 'cracker cabins,' or smaller lots, where construction of luxury homes and clubhouses is currently permitted. “This is an ideal opportunity to take advantage of the five-acre parcel density.” ” The property has more than 2,000 feet of frontage along SR 70 and 300 feet of frontage along Singletary Road.
Fee matters: Manatee County commissioners could take up the issue of increasing impact fees collected from projects as early as this month. A county spokesperson said the goal is for the Department of Developmental Services and the county attorney to present their findings at a Feb. 22 meeting. However, this item is not yet on the agenda at this time, so the date may change. In November, commissioners asked county staff to present a plan for how to implement the increase and its impact. We will then vote on how to proceed. The commissioner is not actually increasing impact fees. What they want is for him to collect 100% of the impact fee recommended in the 2015 impact fee study, rather than the 90% that has been collected for the past nine years. The fees will go toward projects that strain infrastructure and meet the demands of a growing population for roads, law enforcement, and parks.
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