SARASOTA – Software entrepreneur Jesse Biter says his plans to build affordable apartments downtown have been stymied and he intends to either take on a partner or sell the rental site altogether.
Biter’s decision comes months after he publicly touted a “new urbanist” vision involving apartments and retail space for the former United Way building on Second Street in downtown Sarasota, a plan he claimed was critical to improving downtown.
But Biter said Monday he couldn’t get the necessary bank financing because he lacks real estate development experience.