Nothing has died more slowly and with more waves of litigation than the once world-famous Colony Resort.

The majority of the condos will cost between $4 million and $7 million and penthouses about $10 million.

“The code was written in the 1970s before the collapse of Lehman Brothers and changes in lending rules. It will accelerate the reconstruction of the Colony site by 12 months.”

Judge Hunter Carroll denied the request by Andy Adams, who owns about 25 percent of the original Colony units, to dismiss Unicorp’s plan. Case is on “expedited” schedule.

Unicorp owner Chuck Whittall hopes to terminate once and for all the Association of Unit Owners and compel the sale of the remaining units.

For years, it appeared as if the legal battles between the ownership interests of the former Colony Beach & Tennis Resort were eclipsing any real progress toward redevelopment. This situation changed dramatically in 2018. On March 16, the Longboat Key Town Commission approved a plan to allow 166 St. Regis Hotel rooms and 78 St. […]

“If you deny this, I will not be able to start until Spring of next year. If you delay this, and your code is unlike hundreds of other cities in the state of Florida, it will delay us by one year,” said Whittall.

Demolition contractors are set to demolish the final building — the mid-rise — as it was known at the site of the former Colony Beach & Tennis Resort.

Town Commission voted unanimously Monday to have town staff work on possible changes to the code to allow the
temporary sales structure for the St. Regis. Condominiums.

Whittall said that the sales office is intrinsic and instrumental to facilitate pre-sales of the condominiums he won approval to build last March.