For some-more than 20 years, 614 Lake Avenue has been vacant. A big, dull site on a sincerely bustling downtown Lake Worth street.
But a site’s new owners, genuine estate investors Bruce and Robert Oresky, wish that’s about to change after shopping a site for $200,000 from Jay Burry in Nov 2016, according to a Palm Beach County Property Appraiser’s website.
The brothers are putting a new roof on a property. They’re also repair a atmosphere conditioning and adding new compressors for a walk-in coolers.
“The site had not been confirmed a past 20 years,” pronounced Christopher Fleming, a comparison attorney with Strategic Reality Services. “They’re spending during slightest $50,000. There are a lot of things inside that need to be fixed. It’s like a time warp.”
The $200,000 doubt — what will fill a spot?
The Oreskys declined to pronounce to The Palm Beach Post, observant Fleming could pronounce for them.
“So distant we’ve had an intensely strenuous response,” Fleming said. “But we wish a right fit for a building and they need to be a good downtown fit.”
He pronounced there’s been seductiveness from a Greek restaurant, a Haitian eatery, a bar and and aged propagandize tavern. “We’re usually renting a space, so we’re looking for a good user to come in and make it their own,” Fleming said.
The site’s subsequent doorway neighbors are looking brazen to a site opening.
“We know they’ve been dull for a prolonged time, though we didn’t know it was that long,” pronounced Maggie Maran, who has worked during Bali Importers, a approach importer of fashion, art and valuables from Bali a past 10 years. “It’s a clear alleviation from what was there, that was a dull building. It’s going to be a good further to a community.”
Danny Marke, a prepare during Downtown Pizza, pronounced another good grill means some-more downtown customers.
“It brings some-more people to a area to try opposite foods,” he said. “We have a flattering good internal clientele, so we don’t unequivocally compensate courtesy to who’s dull or not, though it should move some-more people downtown if a food is good.”
614 Lake Avenue has been many things over a years, including Captain O’Grady’s and Rosie’s Key West Grille.
Several residents have pronounced Burry, who died final year, has had several offers, though didn’t accept any.
“I brought him dual people dual months ago who were intensely interested,” Joan Oliva, executive executive during a Lake Worth Community Redevelopment Agency told The Post in Aug 2016. “We suspicion both deals were going to go through, though during a final notation he altered his mind.”
Fleming has dealt with Burry for 15 and was always astounded by him. “We could never unequivocally pin him down to that terms he would sell,” he said. “We only felt he was someone who was not going to sell. It was good over a million dollars in mislaid rent. It’s kind of crazy.”
He pronounced a brothers have no goal of selling.
“They’re not a kind of guys who flip properties,” he said. “They’re prolonged tenure holders of properties. In about dual or 3 months, we should have a tenant. There are a lot of people who are curious.”