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Bike shop rolls back to downtown Clearwater

Published July 20, 2007


A bicycle shop that opened 52 years ago in downtown Clearwater has returned to its roots.

The shop did business for many years on busy Drew Street as Clearwater Schwinn. Now it has a new owner, a new name and has moved back to the downtown area.

Mike Riordon, who owns Executive Search Placement Inc., bought the business in May, changed the name to Clearwater Cycling and moved it to East Avenue and Court Street next to the Pinellas Trail.

A triathlon competitor for 18 years until an injury nine years ago, Riordon said the business is a natural for him. He won't get into the repair end of it, however. Csaba Ujfalusi, the mechanic who has been with the business a decade, still will manage the full-service repair shop.

Riordon said the business was first named City Cycle and Supply. He didn't know why it was changed to Clearwater Schwinn even though it sold many other brands. "I sell six brands: Raleigh, Nirve, GT, Dyno, Diamondback and Schwinn," he said, "and plan to add Jamis."

The inventory includes beach cruisers, mountain, hybrid and comfort bikes. Prices range from $200 to $600. Riordon also sells custom-order road bikes and will offer rentals beginning this fall.

He opened the 2,000-square-foot Clearwater Cycling June 15. Riordon said his initial investment was $100,000. As it has in the past, the business will remain family owned and operated. Riordon's wife, Lorelei, works in the shop part time.

The shop is open Tuesday through Saturday and will be open on Sundays in the fall.

Gov. Crist names Palm Harbor lawyer to board

Michael Guju, 47, who specializes in real estate law, has been appointed to the Florida Real Estate Commission by Gov. Charlie Crist. The Palm Harbor resident's term began July 16 and ends Oct. 31, 2008.

Architects, contractor named for new clinic

Klar and Klar Architects are providing architectural and interior design services and Creative Contractors is the general contractor for the renovation of a building to be converted to a clinic for St. Luke's Cataract & Laser Institute of Tarpon Springs.

When completed, the 4,500-square-foot former bank building at Dr. Martin Luther King Jr. Street N and 94th Avenue, St. Petersburg, will replace the Institute's smaller clinic at 3160 Fifth Ave. N.

The project is to cost approximately $1-million.

Bank opens second Clearwater branch

BankUnited has opened a branch at 2569 Countryside Blvd. in the Countryside Centre shopping plaza.

The branch is the second in Clearwater and the company's 83rd in Florida.

Branch manager Mike Moran has more than 15 years banking experience and is BankUnited's vice president and market manager for the Tampa Bay region.

Before joining the bank, he was a financial specialist leader with Wachovia Bank in Sarasota. Before that, he was the owner and chief executive officer of Performance Staffing USA in Fort Collins, Colo.

With assets of $14-billion as of March 31, BankUnited serves customers in 13 Florida counties at 83 branches and nine wholesale mortgage offices.

It provides consumer and commercial banking services, mortgage and loan products and investment and financial planning services.

Trio earns certified mortgage banker tag

Barbara Jan Jenkins, senior vice president/shipping, Christa Hubble, vice president/production risk manager, and Susan J. Duncan, assistant vice president/investor suspense, have received the certified mortgage banker CMB designation and were recently inducted into the Society of Certified Mortgage Bankers.

To receive the CMB designation requires five or more years of professional experience and education in the mortgage banking industry.

Market Street Mortgage is a leading retail originator of residential mortgage loans. Last year, the company closed $3.2-billion in mortgage loans. The Clearwater-based company was established in 1986 and is a wholly-owned subsidiary of NetBank.

News of businesses and business people can be faxed to the Business Digest at 445-4119, e-mailed to or mailed to Business Digest, 710 Court St., Clearwater, FL 33756. We are interested in new and unusual businesses, promotions, expansions, commercial sales and major new contracts. Photos can be mailed or e-mailed by jpeg file.

[Last modified July 19, 2007, 22:49:21]

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