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1 week ago | 
gulfshorebusiness.com | Nancy Semon
Fishermen’s Village, the iconic waterfront shopping and dining destination, is under contract and entered the due diligence phase. The buyer was one of the 12 bidders in September during the property’s first call for bids, said Ashley Bloom, managing partner at SVN Commercial Partners. Bloom didn’t disclose the party’s name, or the amount offered.
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1 week ago | 
gulfshorebusiness.com | Nancy Semon
Punta Gorda City Council scrapped plans May 7 to build a new City Hall complex and directed Principal Planner Carl Benge to return with a cost estimate for repairs to the 99-year-old City Hall building and its 47-year-old annex. Interim City Manager Melissa Reichert said when the city receives a cost estimate, funding set aside for the former plan will be reappropriated to high-priority projects.
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1 week ago | 
gulfshorebusiness.com | Nancy Semon
A young tech company is helping Charlotte County become more resilient to storm surge events by providing local crews and officials with real-time information to stay ahead of flooding risks.
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1 week ago | 
gulfshorebusiness.com | Nancy Semon
After reviewing options for repairing or restoring Punta Gorda’s City Hall building, City Council members are expected to move toward a plan at their May 7 regular meeting. The majority of funding for the City Hall building is coming from the 1% sales tax voters approved in past referendums, while insurance will play another part in funding the project. The historic building at 326 W. Marion Ave.
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1 week ago | 
gulfshorebusiness.com | Nancy Semon
Charlotte County Tourism Director Sean Doherty told officials and members of the Beaches and Shores Advisory Committee that he is confident Englewood Beach Waterfest will take place this year. That, along with the return of other events, will provide a boost in tourism revenue this year, putting the county back on track following a tough 2024, he said. Waterfest is a major attraction that brings visitors to the county each year and was canceled last year due to hurricanes Helene and Milton.
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2 weeks ago | 
gulfshorebusiness.com | Nancy Semon
The 72-unit Verandas III opened and is fully occupied on Airport Road, marking the final phase in the redevelopment of the Punta Gorda Housing Authority’s public housing apartment homes that were lost during Hurricane Charley in 2004. A ribbon-cutting ceremony for the four, three-story buildings with one-, two- and three-bedroom apartments is set for May 22. The first redevelopment site, Gulf Breeze Apartments, was completed in 2008.
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2 weeks ago | 
gulfshorebusiness.com | Nancy Semon
Three retailers are opening locations this week at Babcock Ranch. Ace Hardware and Marshalls will open May 1 and Five Below on May 2 at The Shoppes at Yellow Pines on Cypress Parkway. The Philadelphia-headquartered Five Below was founded in 2002 and has more than 1,800 stores in 44 states. The brand touts that most of its products geared toward teens and tweens are priced at $5 and below.
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2 weeks ago | 
gulfshorebusiness.com | Nancy Semon
The Charlotte County residential real estate market remains a buyer’s market amid rising inventory levels. Cindy Marsh-Tichy, president of Realtors of Punta Gorda-Port Charlotte-North Port-DeSoto, Inc. explained a normal market consists of a five-month inventory, while anything more than six months is considered a buyer’s market. In March, inventory for single-family homes was 9.7 months, up from 9.5 months in February. Meanwhile, there was a 14.2-month supply of townhomes and condos.
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2 weeks ago | 
gulfshorebusiness.com | Nancy Semon
Lane Valente Industries opened its southern headquarters at 8228 Northup Drive near Punta Gorda Airport, with a ribbon-cutting ceremony and job fair April 24. The celebration, in partnership with the Charlotte County Economic Development office, brought together community leaders, business partners and local officials who toured the facility and networked with tenants operating from the site.
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3 weeks ago | 
gulfshorebusiness.com | Nancy Semon
Renderings for the new Port Charlotte Beach complex, due to fully open in 2027, were revealed during the Charlotte County Commissioners meeting April 22. Department heads, the site engineer and architect presented details for the beach park’s recreation center, pool and other amenities. Hurricane Ian caused significant wind and storm surge damage to the beach complex in September 2022, with hurricanes Helene and Milton causing further damage two years later.
