gulf shores: Investors buy land for hotel in Gulf Shores

Sunday, May 14, 2006
Local investors bought 2 acres on West Commerce Avenue off Alabama 59 in Gulf Shores for more than $1 million, and plan to build a four-story, 96-room Holiday Inn Express , according to Robbie Jaeger and Eric Nelson of Meyer Real Estate , who represented the buyers. The land was part of 10 acres owned by Leonard Kaiser of Kaiser Realty . He plans to build a new office there and develop the rest as a business district, according to Kaiser.

A Dauphin Island house that has its front pilings sitting in the Gulf of Mexico was purchased for $525,000 by Gadsden investors who plan to move the house back from the water about 50 feet, according to Daniel Prickett of Prudential Cooper & Co. Realtors , who represented the buyers. The 2,200-square-foot house in Audubon Place received minor damage during Hurricane Katrina , Prickett said. The buyers plan to renovate the house on the 300-foot lot and resell it, he said.

Local investors bought 39 acres on Wortel Road, one mile east of Baldwin County 95 in Elberta, for $497,500, according to John Flynn of Yance, Inge & Associates.

American Auto Paints bought 2 acres on the east side of the Beltline Highway just north of Moffett Road for $90,000 and plans to build a showroom/retail center; a warehouse and distribution center; and a training facility, according to Nancy Stone of White-Spunner & Associates .

Mobile Bar Pilots LLC purchased a quarter-acre lot at Jackson and St. Anthony streets in DeTonti Square for $75,000 and plans to build its headquarters there, according to Diane Horst of Dauphin Realty , who represented the sellers. David Dexter of Grubb & Ellis/Peebles & Cameron worked for the buyers.

Addicted to Dogs , a dog grooming salon, has leased 1,000 square feet in Baker West Shopping Center at 9120 Airport Blvd., and Inner Strength Martial Arts has leased 2,500 square feet at the center, according to David Stein of Stein Investments . Both businesses will open in June.

A business named i-Tans will open in June in 1,750 square feet in Palmetto Place at 960 S. Schillinger Road, according to Angela McArthur of Prudential Cooper & Co. Realtors commercial division. Langan Development Co. owns the center.

City officials are considering buying the South Alabama Regional Planning Commission building at Church Street and Washington Avenue, according to Mobile Mayor Sam Jones . The 11,500-square-foot building is for sale for $1.15 million, said John Peebles of Grubb & Ellis/Peebles & Cameron, who is working with the city and the property owner. The city would like to move some city departments from leased space in the AmSouth Bank building on Royal Street to the SARPC site, Jones said. The city also wants to move its last occupant, the city's main frame computer, out of City Hall North at 350 St. Joseph St., and put the building up for sale. The proposal will soon be presented to the City Council.

Sterling Resorts of Destin, Fla., has been hired to manage operations and on-site rentals at The Beach Club , a resort with 600 condominium and cottage units, a European spa, restaurants and retail on Fort Morgan, according to the Head Companies of Point Clear. Head and W. G. Yates & Sons Construction Co . will retain ownership of The Beach Club and continue with development there, according to David Head Jr .