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St. Regis Longboat Key wins final approval to replace Colony

St. Regis Longboat Key wins final approval to replace Colony

“If you cut it down more, we will not have a St. Regis on Longboat Key. I have no more pounds of flesh to give you,” said Whittall. The Commission then voted 6-1 to approve his plan.

March 17, 2018 | Posted in Major Headlines, Top Box | Read More »

St. Regis Hotel moves ahead as attorneys battle for hours

St. Regis Hotel moves ahead as attorneys battle for hours

It was contentious. It was harrowing. But after two days of deliberations, Unicorp’s application to build a St. Regis Hotel and Residences received a 5-2 vote of approval for the first of two readings by the Longboat Key Town Commission last week.

March 11, 2018 | Posted in Major Headlines, Top Box | Read More »

Is the Colony Longboat Key’s Vietnam?

Is the Colony Longboat Key’s Vietnam?

We’ve seen defeat, but what will victory look like at the Colony?

March 18, 2017 | Posted in Opinion, Stephen Reid | Read More »

Colony seeks to keep 237 units

Colony seeks to keep 237 units

An obvious determinant of the value of the Colony is the number of units that will be allowed to be rebuilt.

September 25, 2016 | Posted in Major Headlines, Top Box | Read More »

Closing in on Colony vote

Closing in on Colony vote

Andy Adams, who owns more than 25% of Colony units, remains true to cliché of playing his cards close to the vest. Meanwhile, Unicorp to execute contract with Colony Lender for acreage and assets through 1031 exchange.

June 5, 2016 | Posted in Major Headlines, Top Box | Read More »

Courts help decide key Colony litigation in 2015

Courts help decide key Colony litigation in 2015

If one were to judge the progress or lack thereof at The Colony Beach and Tennis Resort by driving by the site on south Longboat Key, it would appear that nothing happened in 2015. But in fact, several key court rulings have moved the resort, which has been closed since Aug. 2010, closer to resolution. […]

January 5, 2016 | Posted in Major Headlines, Top Box | Read More »

Colony appeals filed

Colony appeals filed

Unicorp argues that the Association Board plans to hold a meeting to “ram through a proposal” that is not legal.

September 27, 2015 | Posted in Major Headlines, Top Box | Read More »

$23 million Colony estate sold to unit owners

$23 million Colony estate sold to unit owners

Last Tuesday, the Chapter 7 Colony Estate containing a critical $23 million judgment against unit owners was sold to The Association of Unit Owners extinguishing an outstanding threat against their interests.  U.S. Bankruptcy Judge Rodney May approved the settlement that pledged $2.5 million in cash to pay the outstanding creditors along with an additional $500,000 […]

September 20, 2015 | Posted in Major Headlines, Top Box | Read More »

Judge denies unit owners as Colony asset sale looms

Judge denies unit owners as Colony asset sale looms

‘I may be sympathetic to Unit Owners but I’m not here to protect them. This is a business decision and I don’t see any evidence of bad faith by Unicorp and I believe they are a qualified buyer.’ — U.S. Bankruptcy Court Judge Rodney May

August 29, 2015 | Posted in Major Headlines, Top Box | Read More »

Unicorp moves to buy Colony estate; Association argues back

Unicorp moves to buy Colony estate; Association argues back

If the Judge agrees with the Trustee and Unicorp on Aug. 28, it will continue Unicorp’s consolidation of Colony assets.

August 8, 2015 | Posted in Major Headlines, Top Box | Read More »