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Business Observer 9.6.24

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SEPTEMBER 6 — SEPTEMBER 12, 2024 | THREE DOLL ARS

FLOR IDA’S NE WSPAPER FOR T HE C - SUI T E

Business mantra | Gritty entrepreneur brings good vibes to goat yoga business. PG.14 PASCO • H ILL SBOROUG H • PIN ELL AS • P OLK • M A N ATEE • SA R ASOTA • C H A R LOT TE • LEE • COLLIER

HIGH IMPACT

inside COMMERCIAL REAL ESTATE

Resilient Retail

After being walloped during the pandemic, the retail sector is amid a major comeback, according to two national reports. PAGE 6

DEVELOPMENT

Spread Out

Palm Harbor-based Russell and Russell Construction is growing in several ways, including a new office in Sarasota. PAGE 8

The IRS’ top law enforcement official for the region has a big goal: nab more high-net-worth tax evaders. PAGE 12

HOSPITALITY

Down by the River

Key West investment firm readies $80 million Naples hotel project for opening day. PAGE 9

COMMERCIAL REAL ESTATE

New Purpose

After a decade of sitting vacant, the former Edward White Hospital in St. Pete is being transformed into a senior living complex. PAGE 16

COMMERCIAL REAL ESTATE

Noble Effort

National bookstore chain Barnes & Noble, with a short move in Tampa, continues to reinvent its sales model. PAGE 17

REAL ESTATE Naples developer obtains $234 million loan for luxury condo project. 17 Boca Raton firm buys Pinellas office park. 17 Orioles plan high-tech expansion of Sarasota spring training site. 17

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DON’T MISS 7

Foot Locker to move HQ from NYC to St. Pete.

RON LOECKER | IRS Criminal Investigation, Tampa Field Office

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PHOTO BY MARK WEMPLE

THE INTELLIGENCE MAY BE ARTIFICIAL, BUT HOW REAL ARE THE RISKS? See Page 3


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