BRADENTON -- A Wisconsin company that develops Culver's restaurants has purchased property for its newest restaurant in Manatee County.
S&L Properties paid $1.3 million for 3.2 acres of vacant land at 4714 S.R. 64 on April 29, according to county property records. Long part of a much larger set of properties largely developed as the 64 Business Center, the road-fronting parcel was approved for development last month and the Bradenton City Council signed off on the restaurant. It will be the county's fourth Culver's. The first opened in mid-2014.
Jeff Liegel, one of S&L's principals, said construction of the restaurant will begin sometime during the next two months. It is scheduled to open in November. S&L has developed 21 Culver's franchise stores around the nation, including one on Cortez Road that opened last year.
The 32-year-old Wisconsin-based franchise specializes in made-to-order burgers and is known for its frozen custard desserts. The privately owned company has more than 500 restaurants in 22 states.
The seller in the land deal is the owner of the 64 Business Center. It is controlled by principals Tom Brown of Bradenton, Bret Strickland of Goldsboro, N.C. and David Johnson of Stoney Creek, N.C.
According to a site plan filed with the city, the new Culver's will measure 4,734 square feet. The plan includes a second commercial building measuring 4,500 square feet. S&L Properties bought the restaurant property, in part, with a $700,000 mortgage from the Bank of the Wisconsin Dells.
Culver's current locations in Manatee County are at 5750 University Ranch Lake Blvd., 2605 University Pkwy. and 3515 Cortez Road W.
Matt M. Johnson, Herald business reporter, can be reached at 941-745-7027, or on Twitter@MattAtBradenton.