In a significant development for the local business scene, Longboat Key is set to welcome a new commercial space this autumn. The project, spearheaded by Brista Homes, will introduce 14,000 square feet of commercial real estate to the mid-key area. This addition includes office spaces, retail outlets, and an anchor tenant, all expected to be operational by late fall. The construction has faced some delays due to weather conditions and regulatory approvals but is now progressing steadily. With high-end furniture store Couch as the main occupant, along with other potential tenants in negotiation, the project promises to revitalize the area's commercial landscape.
A New Era for Mid-Key Commerce
In the heart of Longboat Key, during the vibrant autumn season, residents and visitors can look forward to the completion of the Brista Commons project. Situated at the 3100 block of Gulf of Mexico Drive, this ambitious venture led by Mark Ursini, president of Brista Homes, aims to transform the mid-key region into a bustling commercial hub. The project, which commenced officially in November 2024 after facing initial setbacks from hurricanes Helene and Milton, is now approximately halfway through its drainage work and concrete wall installations. By the end of this year, the team plans to focus on interior finishes, ensuring everything is ready for occupancy by October or November.
The centerpiece of Brista Commons will be the luxurious independent furniture store, Couch, occupying a prime location with a 5,000-square-foot showroom and comprehensive design services. Additionally, the complex will house Brista Realty’s new island office, reflecting the company's strong presence on Longboat Key. Two smaller commercial units and an outparcel remain available for lease, with discussions underway for potential occupants. Annual leases are priced at around $40 per square foot, making these spaces attractive options for businesses looking to establish themselves in this desirable location.
Triple-net leases ensure that tenants are responsible for their own taxes, insurance, and maintenance, providing a straightforward leasing structure. With a clear completion timeline and robust leasing activity, the project is poised to enhance the economic vitality of Longboat Key.
Moreover, the adjacent residential development, rezoned from office institutional use to residential use in 2021, complements the commercial endeavor. These upscale homes, valued between $2 million and $2.5 million, add a residential dimension to the area, further enriching the community.
From a journalist's perspective, the Brista Commons project exemplifies the dynamic growth and adaptability of Longboat Key. It underscores the importance of strategic planning and community engagement in fostering sustainable development. The integration of commercial and residential elements not only boosts the local economy but also enhances the quality of life for residents. As this exciting chapter unfolds, it sets a positive precedent for future developments in the area.