Before it was formed with dredge, the adjacent area to the north was known as Cedar Point and then called the more attractive sounding Sunset Point, a popular spot for locals and sweethearts to watch the multi-hued skies as the sun went down. According to Sarasota historian Karl Grismer, early on a short-lived business was started there by Eli Veruki and Andrew X. Alexaky who exported dried fish roe to European markets under the name Gotzago. There was the Roberts and Stanton boat house with an engine repair shop, and a sawmill was built at Cedar Point which provided lumber for the growth of the newly incorporated small town.