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Business Observer 2.25.21

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FEBRUARY 26 - MARCH 4, 2021 | THREE DOLL ARS

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

Strategies | With retail and wholesale, tea entrepreneur sips new growth levels. PG.7 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

Senior

Moment A pair of senior living companies makes some big moves — even as the industry struggles with a pandemic-driven slide in occupancy. PAGE 12

Robert Ross | AUTUMN SENIOR LIVING, PRESIDENT

MARK WEMPLE

COMPANIES

RESIDENTIAL REAL ESTATE

STRATEGIES

Money Talks

Old School

Pull Ahead

A flurry of investment activity has hit the region, and area companies have received more than $100 million. PAGE 5

For t Myer s homebu i lder keeps things fresh, and nimble, with a new approach to a historic design model. PAGE 8

A family with a long history in the car wash business believes its latest entry in the field will be a big winner. PAGE 14

DATA SNAPSHOT

COMMERCIAL REAL ESTATE

COMMERCIAL REAL ESTATE

The Way Back

Uptown Vibe

Promise Keepers

Florida’s GDP, which hit bottom in the second quarter, slowly returns to pre-pandemic levels. PAGE 6

Despite its giant size, the Florida unit of Skanska USA places a premium on quality over quantity with clients. PAGE 16

St. Pete apartment company purchases three Indiana complexes. 16 Investor acquires Cape Coral office building. 17 Miami firm makes $35.1 million investment in downtown Sarasota. 18

PAGE

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The transformation of the former University Mall in Tampa, behind some $110 million, gains momentum. PAGE 10

REAL ESTATE

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