Two companies belonging to Sarasota software millionaire Jesse Biter have just shelled out $4.075 million to purchase nearly 18,000-square feet of retail space on Sarasota’s Main Street.
Biter’s company LanHole LLC first bought a 9,700-square-foot retail building at 1564 Main Street in Sarasota for $2 million with help from a $1.5 million loan from Gateway Bank.
Then Downtown Project LLC, another Biter company, spent $2.075 million to buy the adjacent 8,154-square-foot retail building at 1560 Main Street.
Over the past five years, Biter has become a big player in downtown Sarasota real estate scene.
He first bought a 5,215-square-foot penthouse condo unit in Sarasota’s Marina Tower for $3.85 million in December 2007.
Then after selling his software firm – Home Net Inc.- in 2010, he paid $2.8 million for the old Century Bank building and converted it into an incubator for high-tech companies, now dubbed “The Hub.”
Biter followed that purchase at the beginning of last year with a $1.6 million purchase of 11,000 square feet of retail space in the Palm Avenue garage.
The retail building at 1564 Main Street previously belonged New York City investor Catherine Rose Masci, who bought it for $483,400 in March 2004.
The adjacent building at 1560 Main Street belonged to Suzanne K. Krill.