Gulf Shores: Gulf Shores : Foley Shoney's building sold for $1 million

2:19 AM

Gulf Shores : Foley Shoney's building sold for $1 million

The former Shoney's restaurant building on Alabama 59 in Foley, across from Tanger Out let Centers , was purchased for $1 million, according to Frank Malone of ERA in Gulf Shores, who represented the buyers. The owners of Peng Garden Chinese Restau rant in Foley bought the property as an investment, he said.

M&A Supply Co ., a marine and aviation supply firm, has leased a 17,500-square-foot office warehouse at 1771 15th St., on Brookley Field, according to Mitchum Jackson of Hegge man Realty .

Palmetto Place at 960 S. Schillinger Road has several new tenants, according to An gela McArthur of Prudential Cooper & Co. commercial . They are Taiwan Chinese Res taurant , 2,500 square feet; Wholesale Shoe Wearhouse , 2,500 square feet, to open in early November; and a 2,500-square-foot Coldwell Banker Charles Hayes Real Es tate office to open in early October with Don Jones as managing broker. The center is owned by Langan Develop ment Co.

Spring Hill Baptist Church has removed three houses from property it owns west of the Moorer/Spring Hill Mobile Public Library on McGregor Avenue, but has no immediate plans for the land, according to Terry Ellis , pastor of the church on McGregor Avenue. "If we do anything in the near future, it would be a parking lot," he said. "We'd keep the trees and give it a good border for the neighbors. We are not putting a building there." The church plans to plant rye grass and azaleas on the vacant land, he said.

A developer paid $210,000 for a commercial lot of less than 1 acre on Krchak Lane just south of Alabama 59 in Robertsdale and plans to build a 5,500-square-foot retail center, according to Ralph Neal of Watson Realty , who represented the buyer. Tim Herring ton of Saad & Vallas Realty Group worked for the sellers.

A 2,800-square-foot house on the bay side of Dauphin Island was purchased by out-of-town buyers for $1.4 million, making it the highest-priced house sale on the island, according to Lin da Henderson of Dauphin Is land Real Estate , who handled the transaction. The house in Seapointe subdivision was built by Cay Rogers and has a boat dock and 78 front feet on Barcelona Bay.

Developers will seek approval from the city of Spanish Fort Monday to build Shell Bank Landing , a three-story, 57-unit condominium on Blakeley River in Spanish Fort, according to Dent Boykin , one of the partners in the project. The 3.5 acres is at the foot of the bluff, just off the Causeway, and has about 800 front feet on the river, he said. The unit prices would range from $400,000 to $499,000 and each would have a boat slip.

Bon Secour Village , a mixed use community on the Intracoastal Waterway in Gulf Shores, has opened its preview center and sales office at 2975 Bon Secour Avenue, off Baldwin County 4 West, according to developers. The 4,500-square-foot building will house Bon Secour Realty and the Bon Secour Homeowners Association office. The antebellum-style structure was designed by Charrette Design Group of Dothan, and built by John O. Freeman General Contractors of Gulf Shores.

BankTrust has opened a new branch office at McGregor Avenue and Old Shell Road in Spring Hill, according to bank officials. Stephanie Powell is the branch manager. The 4,600-square-foot building is BankTrust's sixth location in Mobile; it has three branches in Baldwin County.

by Business Columnist Kathy Jumper


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