Station demolished, project delayed

Nokomis is losing one eyesore gas station, but don't expect Finergy Development LLC's mixed-use development to follow it soon.

The Sarasota-based company started demolishing the station at the southwest corner of Albee Road and U.S. 41 on Monday, Aug. 3., but the dour local hotel market has the developer putting its large project on hold.

The developer has all its needed approvals and construction documents to start the mixed-use project, which is designed to feature an 100-room Hilton Garden Inn, 15,000-square of retail space and 28 condo units, and had planned to start later this year after it completed the new Hampton Inn and Suite at the Sarasota Airport. Instead the developer is waiting to confirm the bottom of the hotel market.