- December 21, 2024
-
-
Loading
Loading
The Turtle Beach Marina and Pub is now Bayfront Yacht Works & Marina, and Turtle Beach Grill.
The Marina Jack ownership team acquired Turtle Beach Marina and Pub at 8856 Midnight Pass Rd. on Sept. 1 and plans to renovate some structures including their boat racks, update amenities, add boats to their rental fleet and new services including personal watercraft rentals through Bayfront Excursions.
What the group is really focused on, according to Kathryn Wilson, associate manager of public services for Marina Jack, is making the marina into a top-notch haul-out facility with the capability of pulling boats up to 60-feet-long out of the water for a full spectrum of repairs and maintenance.
Wilson said both employees of the Marina have been retained, and that they would keep the current Pub staff through the transition.
Manager David Hobbs and his son Sterling run the Marina together, and David said he is happy to see operational elements ranging from the new boat racks (existing racks were built in the 1960s) to computer software updated.
Prior to the renovations, he said, “We were making people happy, but we were flying by the seat of our pants.”
The previous owners, Turtle Beach Marina, LLC, purchased the property in 2003 for about $1.69 million, according to the Sarasota County Property Appraisers office.
According to the mortgage modification and assumption agreement available through the clerk of court’s office, the original principal on the loan issued to Turtle Beach Marina, LLC, in 2003 was about $1.88 million.
On Sept. 1, the closing date of the most recent sale, SRS Ventures (managers Robert and Susan Soran), or, the new borrowers, issued the The Bank of Commerce a note for $3.24 million. That includes the outstanding principal immediately before the sale, $2.36 million, and a future advance note of $881,889.96. Future advance notes are additional amounts included in mortgage agreements that may be issued at a later date, and may be used for renovation or repairs.
