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Town says ‘yes’ to sales office for future St. Regis residences

STEVE REID
Editor & Publisher
sreid@lbknews.com

The Longboat Key Town Commission gave Unicorp developer Chuck Whittall a victory last week.

Whittall asked the commission to amend town code so that he can build a temporary sales office for his St. Regis condominium project at the site of the former Colony Beach & Tennis Resort.

Last December, the commission voted against the request 4-3; this time, with amended language, it was met with unanimous approval.

What the commission specifically approved was a code change to allow temporary sales offices on development sites that are greater than eight acres, comprised of 40 or more units and have received a development approval.

Whittall’s project meets all of the criteria in that the St. Regis project is approved for 166 hotel suites and 78 condominiums on the 17.3-acre site.

There will be a second and final vote on the amendment next month, but Whittall has already asked his team to work on the floor plans for the sales center that he says will be between 3,000 and 3,500 square feet.

Michael Saunders will serve as the brokerage firm selling the units and Whittall says that more than 300 individuals have expressed enough interest to want to be contacted as soon as sales commence.

The center should be built by the end of 2019, and will provide an example of a kitchen, bathrooms, finishes and ceiling heights as well as a view of the Gulf of Mexico.

The sales center will be built on the northwest corner of the property, which will eventually be the event lawn for the future hotel. That location means the entire project can be built as sales continue, unimpeded. Access to the sales center will be on a small road on the northern fringe of the property.

Whittall told Longboat Key News that he wants to have about 50 percent sold, if not more, before the shovel for the development is in the ground. There will be a couple of units starting around $2 million, with the majority priced between $4 million and $7 million and penthouses at about $10 million.

Whittall said he hopes the consolidation of ownership of the property is achieved by the end of this year, because that must occur for him to be able to receive a building permit.

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