On Saturday, a culinary staple of the Sarasota area will close, but its sale reflects a strong local real estate market, according to the developer that bought the property.
Tampa-based Brightwork Real Estate purchased the parcel housing El Adobe for $2 million May 1. The Mexican restaurant will close after operating for 40 years on South Tamiami Trail.
"Hopefully we will have plans for it soon," said Brightwork Real Estate partner Austin Simmons. The purchase is the company's first acquisition near the intersection of Bee Ridge Road and U.S. 41.
"Sarasota is a very vibrant area and that spot right there is certainly a strong one," Simmons said.
The firm is known for buying free-standing buildings and bringing in national brands, such as Starbucks, Bank of America and Wawa, among others.
"I'd love to put a Wawa there," Simmons said, but the size is too restrictive for the convenience store, which recently announced its first Sarasota location on University Parkway.
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4 Meet the Sky
5 Volunteer Connect Meeting
11:30 am - 12:00 pm
9 Back to School Bash 2014
9:00 am - 12:00 pm
9 Cat Depot Leash Walking Class
12:00 pm - 1:00 pm
Heron East Assisted Living Facility held its second annual “Senior Prom” last month.
Sarasota nonprofits the Boys and Girls Club of Sarasota County and Big Brothers Big Sisters are hosting donation drives. The Boys and Girls Club’s drive runs from July 21 through Aug. 2 and is accepting clothing, shoes, books and small household items for Goodwill Manasota.
Vive La France
The Alliance Francaise held a fundraiser in honor of Bastille Day, or La Fête Nationale, Monday, July 14, at Marina Jack.