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Date of Issue: January 20, 2010

PAR sells Cozy Corner

 

Pine Avenue Restoration’s future project site known as Cozy Corner, 503 Pine Ave., Anna Maria, has been sold. Islander Photo: Jesse Brisson

Pine Avenue Restoration LLC has sold its Cozy Corner project at 503 Pine Ave., Anna Maria, to Topazfish LLC, registered in Florida as a limited liability company with owners in England.

PAR’s project site plan was approved, but Mike Coleman of PAR said it may have expired. The plan called for a retail-office-residential complex resulting in six retail units and three residences built around an existing single-family residence.

The PAR plan called for that home, built in 1925, to be preserved.

According to Jesse Brisson’s report in the Jan. 13 Islander, the sale price was $1,335,000.

Topazfish LLC is owned by Lizzie and Mike Thrasher and is headquartered at the Saxon Centre, 11 Bargates, Christchurch, Dorset, U.K.

The Thrashers also are partners in PAR, and own several other Island properties, including the Beach Bum’s building on Pine Avenue and numerous vacation rental homes.

Coleman said his company is no longer involved in the construction or management of the property.

PAR already has completed its ROR project that encompasses 315 and 317 Pine Ave., and has submitted site plans for future ROR projects at 210, 216 and 308 Pine Ave.

In addition to its Anna Maria projects, PAR also is a principal in Mainsail LLC, owners of the vacant Tidemark property in Holmes Beach adjacent to Wachovia Bank and the Mainsail Beach Inn on the Gulf of Mexico at 66th Street in Holmes Beach.