BRADENTON BEACH – Developer Shawn Kaleta’s Pines Park Investors LLC has purchased the Pines Trailer Park in Bradenton Beach.
Formed on May 5, Pines Park Investors LLC lists the Najmy Thompson law firm as its registered agent and Kaleta as its manager.
According to a warranty deed dated Aug. 25, Pines Park Investors LLC completed its long-rumored purchase of the 2.78-acre waterfront mobile park property from The Jackson Partnership LLLP for $16.25 million. The Pines Park property contains 86 or 87 residential units and a shared clubhouse area.
According to the mortgage and security agreement dated Aug. 25, Pines Park Investors LLC secured an $8.25 million mortgage with The Jackson Partnership LLLP. According to the mortgage terms, all rents, leases, issues, profits, revenue, income, proceeds, and tax liabilities are given to the borrower, Pines Park Investors LLC.
“If the mortgaged property and any part thereof shall be damaged or taken through condemnation, either temporarily or permanently, the entire indebtedness and other sums secured shall, at the option of the lender (Jackson Partnership LLLP), become immediately due and payable,” according to the mortgage agreement.
The mortgage agreement also states, “Borrower shall not remove or demolish any building or other property forming a part of the mortgaged property without the written consent of the lender. Borrower shall not permit, commit or suffer any waste, impairment or deterioration of the mortgaged property, or any part thereof, and shall keep the same and improvements thereon in good condition and repair.”
Letter to residents
Pine Park Investors LLC emailed and mailed a letter to park residents dated Sept. 12.
“We hope this letter finds you in good health and high spirits. We are writing to you today with some exciting news regarding the future of Pines Park. We are Pines Park Investors LLC – a group of trailer park owners and operators. As you may be aware, we have recently acquired Pines Park and we wanted to take this opportunity to assure you that we are committed to preserving and improving the park in hopes of ensuring long-term success,” The letter says.
“First and foremost, we are thrilled to announce Brien Quinn, our outstanding park manager, will remain on board. Brien has demonstrated exceptional professionalism and dedication and we believe that his continued presence will greatly contribute to the smooth transition and ongoing management of Pines Park. With his expertise, we can ensure that our community remains well-maintained, secure and enjoyable for all residents.
“Please continue to remit rent payments to Brien Quinn, as well as direct any questions you have his way. Going forward, all checks should be made out to Pines Park Investors LLC.
“We want to emphasize that your satisfaction and well-being are our top priorities. We believe that the future of Pines Park is bright, and together we can continue this thriving community that you are proud to be a part of. We are committed to open communication and we encourage you to reach out to Brien with any questions, concerns or suggestions you may have.
“We look forward to embarking on this new chapter with you and witnessing the continued growth and success of the park. Thank you for your support, and we anticipate an exciting future ahead for Pines Park,” the one-page letter says in conclusion.
Future land use
According to the city of Bradenton Beach’s zoning map, the Pines Trailer Park property is currently zoned M-1 (mobile home park). According to the future land use map, and Building Official Steve Gilbert, the accompanying underlying land use for the Pines property is partially retail/office/residential and partially commercial.
According to Gilbert, the property owner would have to obtain a city-commission-approved comprehensive plan change, and likely a city-commission-approved rezoning approval as well, in order to redevelop the property as anything other than a mobile home park.
Earlier this year, the Pines Trailer Park Homeowners Association and the park residents were unsuccessful in their efforts to form a co-op and secure the financing needed to purchase the land their mobile homes are located on. Those efforts included several homeowners’ association and resident meetings held in the Pines Park clubhouse.
Prepared by homeowners’ association secretary Kathy Diskey, the minutes for the April 18 homeowners’ association meeting addressed a potential rezoning of the Pines Park property and stated, “The new purchaser of the park will have to get the property rezoned in order to change the land use from a resident park to something else. It is hard to guess how long that process would take.”
The Sept. 12 letter indicates Pines Park Investors LLC currently has no known plans to redevelop the Pines Trailer Park property for an alternative use.