
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.
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.
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 […]