LONGBOAT KEY – It looks like someone is taking control of the moribund Colony property.
Orlando–based Unicorp National Developments is hoping to redevelop the property. Now that one of the holdout tenants has sold–out, this may finally happen.
The Colony Beach & Tennis Resort was once the “it” spot, but it has fallen on hard times because of differing agendas by residents, and it since has fallen in a total state of disrepair.
Unicorp is planning to build a 166–room, 78–condominium St. Regis Hotel and Residences at the site, and have it open by Thanksgiving of 2021.
Earlier this month, the Town of Longboat Key issued an emergency demolition order for almost all of the Colony buildings.