Wednesday, November 21, 2018

A Restaurant is Proposed for the Old Crab Pot Site

Photo of Sailfish Marina
The vacant lot at the south corner of Marina Grande was previously home to the Crab Pot restaurant and it sold during the 2005 real estate boom for $3.076M.  The new owner tore the landmark restaurant down because they were planning to build a 16 story residential tower.  Unfortunately, the market crashed and the lot has been sitting vacant ever since.   The vacant parcel sold again in 2015 for $575,000 and the latest proposal is...another restaurant!

If Marina Grande residents and the new owner can work together on the design, this could turn out to be a phenomenal amenity for residents.  Imagine a mini Sailfish Marina (with boat docks) that you can walk to for dinner. 

I decided to survey realtors who have listed / sold in Marina Grande for their opinion on a restaurant / tiki bar versus building a high rise condo (would block ocean views from the pool deck).
SURVEY RESULTS: 75% prefer to see a restaurant / tiki bar and over 80% would take a prospective client there for lunch.

All of the buyers that purchased my listings in 2018 are looking forward to a tiki bar.