To fully close on the future condominiums and gain financing for his St. Regis project, Whittall must first pay all of the former Colony owners for the units under contract and also reach an acceptable agreement with the nine part-time tenants.

The penthouse has been sold for just shy of $20 million at $1,800 per square foot.

Now, more than a decade since the Colony closed and more than six years since Chuck Whittall became involved, the entire situation has changed…

Chuck Whittall closed last Thursday on the 75 units of the former Colony Beach & Tennis Resort that were owned by Andy Adams.
The sale marks the end of a more than five-year-long struggle by Whittall to consolidate ownership of the 237-unit former Longboat Key resort that closed more than a decade ago.

Perhaps I am an optimist, but we have finally traveled through the looking glass and Klauber, Andy Adams and the Association of Unit Owners are quickly turning to images from a fantastical past.

Sarasota Circuit Court Judge Hunter Carroll asked for each attorney to write memos and briefs relating to the issue of Force Majeure, and whether the pandemic rises to the level of an unforeseen event sometimes referred to as an act of God.

Manfred Welfonder claims he was insulted and treated rudely and that the Colony Association breached its financial duty in choosing Unicorp over his redevelopment proposal. The attorney for the Colony Association of Unit Owners says Welfonder’s claim is baseless, without merit and evidence and that he was given every opportunity to submit a viable plan and he simply was not chosen.

Manfred Welfonder claims he was insulted and treated rudely and that the Colony Association breached its financial duty in choosing Unicorp over his redevelopment proposal. The attorney for the Colony Association of Unit Owners says Welfonder’s claim is baseless, without merit and evidence and that he was given every opportunity to submit a viable plan and he simply was not chosen.

The operation and control of the once famous Colony Beach & Tennis Resort unraveled over years — first out of court, and then in perpetual litigation. The Colony, once firmly controlled by Chairman Murf Klauber, has gone through countless legal undulations, various redevelopment proposals and yet over the past four years, one outcome has emerged […]

Adams told Whittall that the Colony units need to go to auction. Whittall
countered that the property cannot be redeveloped if ownership is divided.
Longboat Mayor George Spoll then said it could be subdivided.
“No; I have a letter from the Town Attorney saying it cannot,” said Whittall.