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Against all odds, a landmark building is sold!

The former Overseas Lounge will be reborn, thanks to new ownership.

The former Overseas Lounge will be reborn, thanks to new ownership.

American Caribbean Real Estate-Middle Keys is  proud to have brokered the sale of a Marathon landmark, the former Overseas Lounge at mile marker 49. Buyer Timothy O’Connell says he plans to restore the 1940s-era building to its former glory.

This is great news for the city of Marathon! A bit of our city’s history will be preserved, and it will boost our economy by providing jobs and contributing to the city’s tax base.

The sale was negotiated by American Caribbean Real Estate agents Brenda Torrella and Bill Paulson.

Special thanks to the attorneys who worked on this deal: Richard Warner, Franklin Greenman, Rich Malafy, David Kirwan, Bob Miller, Tom Wright, Margaret Broz and John Parentes.

“I am very excited about Mr. O’Connell’s vision of restoration for the building,” says our broker, Ginger Henderson. “The much-anticipated reopening will be a welcomed addition to our island village as a tourist attraction and locals’ ‘watering-hole.'”

You can read Keynoter reporter Ryan McCarthy’s story here.

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