News

Four Local Sarasota Coffee Shops You Can’t Miss

As seen in Creative Loafing’s 941 Blog

Four homegrown coffee chops that do it right, with a great cup of coffee, espresso and atmosphere to hang out in. Give them a try!

BISTRO DU MONDE
5119 N. Tamiami Trail, Ste. 7, Sarasota, 355-1114 or bistrodumondesrq.com

This quaint little café on the North Trail has quickly built a loyal local following willing to stand in line for moist muffins and delicious coffee. Steve and Maureen Gillum are lifelong restaurateurs who understand the nuances of the industry and it shows. Coffee amounts to only 5 percent of their gross business, but its painstaking selection and preparation is the foundation of Du Monde’s success.

A true connoisseur, Steve tried four local roasters before settling on CCM out of Tampa. His Americano is as good as any you will find and his self-made pastries leave Starbucks in the dust. Despite its limited capacity, they do a very brisk lunch business with a small, but distinct $6-$7 menu, anchored by the best muffaletta this side of New Orleans.

Maureen Gillum has transformed the failed Cool Beanz location into a Paris-like café with authentic décor and extra touches like linen napkins and upscale restrooms. The warm atmosphere is elevated by her husband’s own surprisingly good paintings and it is no wonder that Du Monde is a popular complement to the museum crowd that often stops by after a tour.

“We go to France a lot,” says Steve, “and there is a perfect little café in every neighborhood. We live behind our place and our goal was to be just that for this community. We get a lot of students and staff from New College, Ringling and the East West [College of Natural Medicine]. We get the people who live close by. They know that we’ll go that extra step and give them exactly what they want and fix it if it isn’t right. When they go to Starbucks they’re dealing with a machine.”

The Gillums hope that the current economy will spark a renaissance in local congregation and commerce. “For years, everything has been about getting more for less and now we’re starting to see the price for that,” Steve says. “I think people are deciding that they want to be involved in their communities again. They want a place where they can gather with their neighbors.” Bistro Du Monde is just that and more.

fuelcafeforwebFUEL CAFÉ
2161 Siesta Drive, Sarasota, 373-1222 or fuelsrq.com

Dex Honea (pictured, right) and his fellow café racer motorcycle enthusiasts always met at a coffee shop to start their rides. The café racer tradition in Europe has always been symbiotic with the coffee house culture; Honea felt the niche group was strong enough locally to support a small café.
He was right.

Fuel Café has beaten the odds, recently celebrating its second anniversary and going strong, despite being just south of Starbucks’ original and most popular Sarasota location. It certainly helps that Honea knows his beans. A perfect French press full of premium coffee from local roaster Sarasota Coffee & Tea for $2.50 is the best deal in town, and his espresso shot is as good as any I’ve ever enjoyed.

The atmosphere is modern and cozy with leather couches, flat-screens, and PS2s loaded with racing games. “Literally all of our business is word of mouth,” Honea says. “This is kind of a forgotten plaza and we get very little business from the mall and other vendors, but we have a lot of regulars who come every day for coffee, to hang out, or grab a quick lunch. The biggest challenge is people thinking of it as a biker joint when it’s really just a coffee house with a niche and a theme.”

Whether you bike or not, this is hands down the best local across-the-board coffee menu, and the perfect caffeine pit stop before heading to Siesta for a day at the beach.

monkeypawsforwebMONKEY PAWS
11161 E. State Road 70, Ste. 103, Lakewood Ranch, 727-1591 or mymonkeypaws.com

This East County gem may be the best-kept coffee secret in the area. Hidden on the side of a large Publix in a spot you don’t need to pass when entering or exiting, owner Monroe Ranceful (pictured, left) faces the challenge of being sandwiched between a high-profile Starbucks to the west and a Dunkin’ Donuts to the east, both with drive-throughs and far superior visibility. An Army veteran who did two years in Afghanistan and was stationed in Honolulu, Monroe serves the legendary Kona mountain coffee you’ve heard anyone who’s ever visited the Hawaiian islands rave about.

Monkey Paws is the largest café we visited and gets an A+ for atmosphere. With overstuffed leather couches, a massive flat-screen, warm tones, wooden floors and the kind of cleanliness that only an Army man can achieve, you quickly forget you’re in a strip mall. His fresh baked muffins and warm, gooey “island” cookies leave Starbucks’ offerings seeming like something you’d get at a 7-Eleven and they serve some of the tastiest premium, locally made ice cream you’ll find. “We started out as a coffee house that happened to sell ice cream and have become an ice cream parlor that happens to sell coffee,” says Ranceful’s wife, April.

Monkey Paws also produces a small lunch menu that includes a killer fresh chicken salad sandwich. They host group meetings and birthday parties, come on-site to cater corporate lunches and have recently started a Saturday night open mic for music, poetry and lit readings. Come on out to East County, say thanks to a vet and take two minutes to get out of the car for your morning-commute coffee drink. Once you do, you might never drive through a corporate chain again.

MAVERICK COFFEE
4615 S. Tamiami Trail, Sarasota, 924-0208

This unique café was formerly Local Coffee & Tea, but owner Thierry Rouillard saw little benefit to the unrecognized franchise name and recently switched monikers and added a unique twist: a bike shop. A competitive tri-athlete and six-time Iron Man, Thierry has combined his two loves.

“I went to school in France for hospitality management and worked for years at international luxury resorts, but I always wanted my own place,” he says. “Originally, I envisioned being a roaster on one side and a café on the other, but Latitudes (where he formerly worked) is already a great local roaster, so I use them. I knew I would need another revenue stream besides the coffee, so I decided to do what I know. If I were a golf or tennis enthusiast, it would be a different concept.”

Maverick is essentially two businesses sharing one roof, but the cost sharing makes each possible. Rouillard offers authentic crepes, croissants and other self-baked treats in addition to smoothies. His authentic fare has made him very popular with European tourists who refer to his espresso as the best from Atlanta to Miami, a point you’d find hard to argue. Maverick is also one of the only places to get a cup of delicious chicory coffee, à la New Orleans’ world-famous Cafe Du Monde. Rouillard has been in business for 18 months now, with a Starbucks just one block away.

LAKEWOOD RANCH COMMERCIAL REALTY ADDS NEW AGENTS

FOR IMMEDIATE RELEASE

November 30, 2009

For more information contact:

Candice McElyea

941-757-1546

LAKEWOOD RANCH COMMERCIAL REALTY ADDS NEW AGENTS

DIANE LAWSON & ANTHONY HOMER JOIN THE TEAM

Lakewood Ranch Commercial Realty is pleased to announce the addition of two top commercial agents to the team.  Diane Lawson and Anthony Homer bring a wealth of experience and top notch customer service to Lakewood Ranch Commercial Realty.  “With the addition of Diane and Anthony we are able to focus on our core Lakewood Ranch market while expanding general brokerage business in Sarasota and Manatee counties,” said Brian Kennelly, President of Lakewood Ranch Commercial Realty.”

Anthony Homer’s background includes the management of over half a million square feet of office and retail space in Lakewood Ranch and downtown Sarasota.  Formerly with Hembree & Associates,  he served as a tenant representative to several national and global companies and represented a broad range of clientele that included start-up retailers and Fortune 500 companies with multi-billion dollar portfolios.

He currently serves on the Board of Directors of the Sarasota Association of Realtors, is a member of SAR’s Commercial Investment Division, and is the Founder and Past-President of the Sarasota Young Realtors Association.

Diane Lawson has been in the commercial real estate industry for over 20 years specializing in sales and leasing of office and retail space.  Formerly with Abbey Realty and Management for more than 10 years, she was recognized as one of Gulf Coast Business Review’s Top 40 under 40 for her expertise in this industry in Sarasota and Manatee counties in 2005.  In 2007 Diane served as President of the Commercial Investment Division of the Sarasota Association of Realtors.

“I am thrilled with the opportunity to work with such a high level development team;” said Lawson, “a team which will provide a superior book of business enabling me to develop in Lakewood Ranch the same great reputation of success that I had in the downtown market.”

Lakewood Ranch Commercial Realty is an industry leader with a strong reputation in Florida commercial real estate, with expertise in every aspect of the project cycle, including development, leasing and the sale of office, retail, industrial, hotels, and medical space, as well as market analysis, interim financing, permanent financing, construction and property management.

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Lakewood Ranch Commercial Realty, a subsidiary of Schroeder-Manatee Ranch (SMR), is a full-service commercial real estate brokerage organization. The company specializes in the award-winning community of Lakewood Ranch, located in the desirable Sarasota/Bradenton region of Southwest Florida, an hour south of Tampa and Saint Petersburg. www.lwrcommercial.com

EDC BREAKFAST TO FEATURE ENTERPRISE FLORIDA MARKET ANALYST

>> The Economic Development Corporation of Sarasota County (EDC) will hold a breakfast exploring the role of international commerce in Florida’s economic recovery at 7:45 a.m., Dec. 9 at the Holiday Inn Lakewood Ranch, 6231 Lake Osprey Dr., Lakewood Ranch, Fla. The event will feature a presentation by Z. Joe Kulenovic, senior director of strategic and market analysis at Enterprise Florida –the state’s public-private economic development partnership. The cost is $20 for EDC investors, $30 for non-investors. Registration is available online at www.edcsarasotacounty.com/calendar.asp or by calling 309-1200 ext. 103.

How Amendment 4 (Hometown Democracy) Will Affect Our Economy

Florida2010.org

Florida2010.orgThe proof is in the pudding, look at all of these news stories which deal with the facts. Strip away the hyperbole about overcrowding and despoiling mother earth and there are some real consequences.

10/12/09 : Bradenton Herald: Ballot issue on growth a hot topic – http://www.florida2010.org/media2.php?id=169&t=2

10/6/09 : South Florida Sun-Sentinel: Editorial: Initiative to give voters control over development makes it on the 2010 ballot – http://www.florida2010.org/media2.php?id=168&t=2

10/4/09 : The Orlando Sentinel: Editorial: Wrong Rx for growth woes – http://www.florida2010.org/media2.php?id=165&t=2

9/27/09 : The Orlando Sentinel: Don’t turn state into St. Pete Beach – http://www.florida2010.org/media2.php?id=164&t=2

9/24/09 : The Florida Times-Union: Hometown democracy: Proposal will hurt the economy – http://www.florida2010.org/media2.php?id=162&t=2

9/23/09 : Fernandina Beach News Leader: Amendment 4 not the answer – http://www.florida2010.org/media2.php?id=163&t=2

9/13/09 : The Bradenton Herald: Amendment 4 would cripple our economy – http://www.florida2010.org/media2.php?id=158&t=2

9/13/09 : South Florida Sun-Sentinel: Hometown Democracy: Logistical nightmare in the making – http://www.florida2010.org/media2.php?id=157&t=2

9/10/09 : Palm Beach Daily News: Growth-regulation Amendment 4 would hurt economy, speakers tell Palm Beach Chamber of Commerce – http://www.florida2010.org/media2.php?id=156&t=2

9/8/09 : Floridians for Smarter Growth: St. Pete Beach proves that Amendment 4 will cost jobs and hurt taxpayers – http://www.florida2010.org/media2.php?id=40&t=1

8/26/09 : Lakeland Ledger: Florida Hometown Democracy Debate Comes to Tiger Bay Club – http://www.florida2010.org/media2.php?id=153&t=2

8/21/09 : Orlando Sentinel: McCollum, Sink almost share a stage – http://www.florida2010.org/media2.php?id=152&t=2

8/8/09 : The Tampa Tribune: Amendment 4: A vision by special interests to stop planned growth – http://www.florida2010.org/media2.php?id=148&t=2

8/8/09 : The Tampa Tribune: Hometown recession-maker – http://www.florida2010.org/media2.php?id=149&t=2

8/6/09 : Miami Herald: Amendment 4 an invitation to chaos – http://www.florida2010.org/media2.php?id=147&t=2

7/31/09 : WCTV Tallahassee: Hometown Democracy is Causing Debate Long Before the Election – http://www.florida2010.org/media2.php?id=145&t=2

7/30/09 : St. Petersburg Times: Exchange offers window into Hometown Democracy debate – http://www.florida2010.org/media2.php?id=144&t=2

7/30/09 : Tallahassee Democrat: Hometown Democracy debate focuses on growth, voters – http://www.florida2010.org/media2.php?id=143&t=2

7/30/09 : Jacksonville Observer: Hometown Democracy Debate Continues at Capital Tiger Bay Meeting – http://www.florida2010.org/media2.php?id=146&t=2

7/26/09 : Orlando Sentinel: Amendment 4 would stop growth – http://www.florida2010.org/media2.php?id=142&t=2

7/24/09 : Hernando Today: Local Republicans rally against Hometown Democracy – http://www.florida2010.org/media2.php?id=141&t=2

7/17/09 : Florida Today: Editorial: Ready, aim, fire – http://www.florida2010.org/media2.php?id=140&t=2

7/12/09 : Daytona Beach News-Journal: Editorial: Hometown Democracy: On the ballot for 2010, it risks too much of Florida – http://www.florida2010.org/media2.php?id=135&t=2

7/12/09 : Daytona Beach News-Journal: Vote on every land-use change: Tried and failed – http://www.florida2010.org/media2.php?id=137&t=2

7/9/09 : Palm Beach Post: Hometown Democracy clears final ballot hurdle – http://www.florida2010.org/media2.php?id=134&t=2

7/9/09 : Tampa Tribune: Hometown Democracy financial statement – http://www.florida2010.org/media2.php?id=133&t=2

7/6/09 : Sarasota Herald-Tribune: Jeremy Wallace: Growth measure goes too far, Thaxton says – http://www.florida2010.org/media2.php?id=130&t=2

7/5/09 : Bradenton Herald: Editorial: Economic harm – http://www.florida2010.org/media2.php?id=127&t=2

7/3/09 : Florida Times-Union: Hometown Democracy: A strategy to stop growth – http://www.florida2010.org/media2.php?id=128&t=2

7/3/09 : Orlando Business Journal: Ballot measure bad for the environment – http://www.florida2010.org/media2.php?id=129&t=2

7/3/09 : Palm Beach Post: Amendment 4 threatens to bury voters in piles of land-use changes – http://www.florida2010.org/media2.php?id=131&t=2

FSG Statement: After Three Failed Attempts, Amendment 4 is finally certified for ballot: http://www.florida2010.org/media2.php?id=39&t=1

Tallahassee Democrat Editorial: Petition Protocol: http://www.florida2010.org/media2.php?id=108&t=2

FSG: Court decision sets the stage for ballot showdown: http://www.florida2010.org/media2.php?id=38&t=1

Existing Homes Sales Showing Strength

Existing home sales have exploded to the upside in recent months. Undoubtedly, the approaching expiration of the the $8,000 tax credit for first-time buyers had something to do with this. But even if that were the whole story, doesn’t it just go to show that the resolution of the housing crisis is a matter of finding the right price? We know that home prices have fallen significantly, and obviously the tax credit makes them more affordable; the combination of the two has been enough to spur the market to levels of activity not seen for over two years. This is a market that is clearing, and this is another sign that we have seen the bottom in real estate.

Take away the tax credit and the level of sales would likely decline, but in lieu of the credit, lower prices (5-10% lower) would apparently be enough to greatly stimulate sales. So if we’re not at the absolute bottom we’re pretty close. Plus, as this next chart shows, we also have mortgage rates that are very close to all-time lows. The way to fix the housing crisis (i.e., the glut of homes) was always to find the price that would clear the market. The takeaway from all this is that it sure looks like we’ve found that price.

Weekly Roundup for Commercial Real Estate

Before the news roundup from last week, check out the graphic for housing prices recovery. Prices have only lost 25% of the value needed in order to equalize. The trend line of red is assuming the bubble never happened, the blue line is showing property values and where they will need to fall to correct for the anomaly.

Housing Price Recovery Outlook

Housing Price Recovery Outlook

  1. U.S. Commercial Property Sales to Drop to $49 Billion (“Bloomberg“)
  2. A Potential Catalyst to Stimulate 2010 Property Sales Activity (“Street Wise“)
  3. Commercial Real Estate Will Collapse (“Forbes“)
  4. Zell: Predictions of commercial crash ‘greatly exaggerated’ (“Pension&Investments“)
  5. Slow Into Real Estate (“Forbes“)
  6. Developers Diversified deal ends CMBS drought (“Reuters“)
  7. BofA markets $460 mln Fortress CMBS without Fed aid (“Reuters“)
  8. Despite Slower Deal Volume, Commercial Banks Continue to Lend, Reis Reports (“NREI“)
  9. FDIC Seen Rejiggering Structured Offerings (“crenews.com“)
  10. FDIC Loan-Recovery Rate Falls to 29.6 Percent (“crenews.com“)
  11. Simon eyes General Growth’s mall portfolio (“FT“)
  12. General Growth Clinches Mortgage Pact (“WSJ“)
  13. Morgan Stanley Ends Costly Crescent Phase (“WSJ“)
  14. Foreclosure Spat Brews in Chicago (“WSJ“)
  15. Is 2011 Too Soon For Multifamily Prices To Hit Rock Bottom? (“Multi-family Investor“)
  16. Marriott/Ritz Reorganization Is Smart Move (“Front Desk“)
  17. Investors Bullish on Health Care Real Estate as Reform Showdown Draws Closer (“CoStar“)

Blogging from the iphone

Wow, finally had the time to get my Wordpress app configured and am able to blog from anytime and anywhere! And to test the photo upload… Adam and Cole modeling their attire for Alex’s wedding.

Commercial Investment Division Donates $4,000 to Local Charity

The Sarasota Association of Realtors – Commercial Investment Division donated $4,000 to CTC after its annual charity golf scramble recently. SAR CID reps attended the CTC Executive Committee meeting to present the check. Thanks for your teamwork SAR!

Shift to Urban Living Fundamental

DC Smart Growth

DC Smart Growth

Emerging Trends in Real Estate 2010, the annual analysis issued by the Urban Land Institute and PriceWaterhouseCoopers, surveyed more than 900 industry experts who concluded that the prospects for investment are much stronger for smart growth than they are for sprawl. This is consistent with other data and analysis from the last couple of years. Here’s an excerpt (provided by Kaid Benfield):

“Next-generation projects will ori­ent to infill, urbanizing suburbs, and transit-oriented develop­ment. Smaller housing units-close to mass transit, work, and 24-hour amenities-gain favor over large houses on big lots at the suburban edge. People will continue to seek greater convenience and want to reduce energy expenses. Shorter commutes and smaller heating bills make up for higher infill real estate costs.”

Benfield’s summary of the report is posted on his NRDC blog, and you can access the report in full here.

Christmas Cheer: Bealls to do some hiring!

Bealls doing some hiring for the holidays

Bealls Department Stores Inc. is hiring for the holidays. The openings remaining in the company’s Sarasota and East Bradenton locations are gift wrapping and night help, said Gwen Bennett, vice president of advertising and ecommerce. The corporate office also has openings for production assistants. Some of the jobs might last beyond the holidays, Bennett said, and, “depending on the person,” could become permanent. Bennett said the number of people hired would be determined by how many hours each person would be available to work. Bealls offers competitive pay, an employee discount and a flexible work schedule, according to a written statement. Applications can be picked up and filled out at any Bealls Department Store location.