Accordingly, what happened to the Colony Beach Resort in Florida?
In late 2018, the last of the Colony Beach & Tennis Resort buildings had been demolished. … The termination of the condominium association brings to a close years of litigation as Unicorp worked to consolidate its ownership of the once-tony resort popular with tennis stars, celebrities and Longboat Key residents.
Regarding this, why was the colony in Florida abandoned?
Due to bankruptcy cases, lawsuits, and a large number of other litigations, the resort was left abandoned for years. Chuck Whittall, president and founder of Orlando-based Unicorp National Developments, purchased The recreational property for $22 million in 2016.