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Date of Issue: March 30, 2006

Fit to be tide?

Going with the tide?
The Island Fitness Center building in Holmes Beach is reportedly being sold to the developers of the Tidemark Resort, which is under construction adjacent to the property. Islander Photo: Rick Catlin

Several owners of businesses located in the Island Fitness Center building in Holmes Beach say they have been advised that the building will be sold to the developers of the Tidemark hotel/condominium/marina currently under construction adjacent to the building.

While efforts to confirm a potential purchase with Tidemark managing partner Nick Easterling were unsuccessful, the same business owners said they have been told that Tidemark wants the businesses to remain.

The building is owned by Sunrise Landings LLC, for which the principal owner is John Belsito.

According to a real estate agent at Gulf-Bay Realty in the center building, Tidemark had an option on the property and because it was listed for sale, they apparently chose to exercise their option. The list price was reported to be more than $2 million.

The Islander's source said Tidemark is expected to raze the building to build more residential motel/condo units over office/retail space.

Efforts to reach either Belsito or Ken Dardis of Reliance Property Group and Tidemark Partners LLC were unsuccessful.