Anna Maria Island

Local Businessmen Want 'Old Florida' Preserved

Pine Avenue Restorations LLC is Formed...

Local Businessmen
Want 'Old Florida' Preserved - as reported in the Islander on July 19th, 2007.

In what may ultimately turn out to be the biggest financial undertaking of his life - and possibly the most expensive - Anna Maria businessman Ed Chiles along with Pine Avenue resident Mike Coleman have formed an investment company to buy Pine Avenue properties and restore or develop them as two-story, retail-office-residential structures that would retain the “Old Florida” charm of the city.

The post card image to the above right is an artist rendition of Anna Maria's Pine Ave. back in the 40's.

Now that's very cool indeed!

The two have quietly signed purchase contracts on 15 properties along Pine Avenue and six on North Bay Boulevard at the Pine Avenue intersection. Their plan is to renovate the developed properties or build new ROR units, but without a third floor. The first floor would be retail space, while the second story would be residential.

Chiles Takes On Pine Street

Local Business Man Busy With New Pine Avenue Development Project...

Ed Chiles is a name well known to Anna Maria Island residents.

Being head of the ownership group of the Sandbar, BeachHouse and Mar Vista restaurants, Chiles is also a main player in the new and ambitious Pine Avenue development project.

The vacant lot to the right, located on historic Pine Avenue, is just one of the Chiles-Coleman properties under contract where a two-story retail-office-residential structure would one day be built.

"To say Anna Maria Island businessman Ed Chiles is busy is an understatement."