BUYER: Palm Avenue Holdings LLC, Sarasota SELLER: City of Sarasota PROPERTY: 1289 N. Palm Ave., Sarasota PRICE: $1.6 million PREVIOUS PRICE: $500,000, August 1990 LAW FIRM ON DEED: Berlin-Patten PLLC, Sarasota PLANS, DESCRIPTION: Palm Avenue Holdings LLC, an entity led by Jesse Biter, CEO of Biter Enterprises LLC, has closed on nearly 11,000 square feet of retail space on the first floor of the Palm Avenue Garage for $1.6 million.…
Read MoreInvestor to buy retail space of Sarasota’s Palm Avenue parking garage
A coveted retail shell on the ground floor of Sarasota’s Palm Avenue garage is set to be sold for $1.6 million to a local investor who hopes to bring upscale boutique shops downtown. Jesse Biter, a local 35-year-old millionaire, was the highest bidder for the 11,000 square feet of prime real estate, which despite enthusiasm from local developers and downtown merchants has sat vacant for about a year. Biter’s company,…
Read MoreCity to Review Bids on Palm Garage Retail Space
Sarasota City Commission received four bids for the Palm Avenue Parking Garage retail space and plans to enter an agreement with Biter Enterprises More good news is on the way for Sarasota’s Palm Avenue Parking Garage. The city will consider a $1.6 million bid by Biter Enterprises to purchase the North Palm Avenue Condiminium—the street level retail space on the parking garage. The city just celebrated the garage’s completed murals…
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