Permit For Holmes Beach Hotel ?
Back in 2001, a former landmark restaurant “Pete Renard’s”, and briefly “Marina Bay”, lay abandoned and deteriorating in the heart of Holmes Beach. Opposite the main mall Island Shopping Center, and sitting on prime waterfront with boat canals and docks, the previously family run night spot with the revolving floor and popular restaurant changed hands and then closed.
It’s been 7 years since an aspiring developer put together a plan for a complex of 40 luxury hotel condominiums, a deepwater marina for yachts and boats up to 65 feet in length, a restaurant, lounge and meeting facilities, to be called Tidemark Lodge & Marina.
Pre-construction sales of condominium suites were priced from the $300,000s to the $600,000s. The plan was approved by the city commission and demolition began. Periodic press releases promised great things even as long periods passed with no activity on the site.
Problems emerged when the developer filed for bankruptcy in 2004.
Financial backers changed several times until Reliance Realty Partners resolved the bankruptcy in May 2007. Work began on rebuilding the seawalls and docks.
Meanwhile, one street away, the Holmes Beach Marina (Moreland Marine) site was razed and rebuilt into completed condos, the real estate market topped out, and condo sales languished.
Now, 7 years later, the Tidemark project appears to be revived with a possible permit application for Building A and B, on the north end, with 7 units in each. Hotel condo units are being marketed as fractional ownership in which a buyer purchases an eighth of the unit, with prices starting at $155,000. Owners have use at any time of the year but subject to availability.
Other building blocks are designed to have 5 to 7 units and the lodge part of the project will have 10 accommodation units.
Tidemark Beach Residences, on 66th Street gulf-front, (formerly the Beach Inn), is now under construction adding 30 more units to the combination of a beachfront and boating marina package.
Tags: Boating, Marinas, Property
