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Important Dates:
7/1/08 -
Over the past 24 months we have reduced our debt in the amount
of $1,044,350.00.
Lee County’s residential market has seen an increase in sales
activity the last two months, proving that the area is
rebounding; giving us more confidence to advance development.
As previously reported, our Development Order (DO) is in place
allowing for forward motion when the time is right.
Currently, we are in negotiations with various financial
institutions to consolidate our short term debt. We will keep
you posted on future developments. If you have any further
questions, please feel free to call me.
Whitney Real Estate Development Team
Kent Densley
Lu Ann Pascucci
1/31/08 -
As previously reported, we have successfully secured our
Development Order and we continue to solicit bids for our
horizontal development costs. We have reduced our debt burden in
2007 by some US$640,000.
Clearly, the over all real estate market has softened; in
particular the single family housing sector. The commercial
market remains encouraging. This notwithstanding our original
development time line has been extended. We intend to keep the
syndication open, with an aim to raise additional capital to: i)
continue our debt reduction efforts, ii) secure the required
funds to commence and complete the development activities and
iii) possibly build-out one parcel .
We will endeavor to supply you with on-going up-dates via this
web site.
Please email Lu Ann Pascucci (luannpascucci@wincorporate.com)
with any changes in email addresses, mailing addresses or any
other contact information.
Whitney Real Estate Development Team
Kent Densley
Lu Ann Pascucci
10/9/07 -
Our
D.O. (development order) has been issued! We are now in the
process of reviewing contractor bids for
clearing the land, installing the roads and utilities. Look to
the website for upcoming pictures as
progress begins.
* Download the
D.O. pdf - HERE
8/31/07 -
-
Our Engineers are giving us positive
feedback that our DO (development order) will be issued soon.
There are two steps which need to be completed by the Master
Developer, who own the entire 253 acres. They are:
-
Back bone water system needs to be
completed
-
The road leading to our acreage is
completed, but the CC (certificate of completion) has yet to
be issued by the county. This should happen in the next
week or so.
-
Next week we will begin acquiring bids
for land clearing, installing utilities and signage
7/10/07 -
- Entitlements are progressing well…our engineers tell us we
should have our Development Order (DO)
approved within 90 days.
- The Property Owners Association Conditions, Covenants, and
Restrictions (CC&R) have been drafted
and executed.
- The circular road name has been approved by the county as
“Flexspace Road”.
2/8/07 -
-
Filed
Development Order (DO) application.
These are recent
articles from local news media that talks about the property,
the local real estate market, the local population and other key
attractions near the site.
Click on image to
view larger or
click on the link to download a pdf of the image. |
