A 219 unit planned townhome subdivision. Located on 33 plus acres, the project included 19 buildings consisting of 131 townhome units, a resident clubhouse and pool, and 15 finished building lots which allowed for an additional 88 townhome units to be built.
Project Description
Douglas Wilson Companies (DWC), agent for Receiver, was tasked to protect, preserve, and manage the real property including the project’s ongoing construction, entitlements, and the Homeowners’ Association (HOA).
Scope of Work
DWC engaged third party contractors and consultants to assist with the management and protection of the property, access the costs necessary to complete the unfinished construction, understand the property’s operational obligations, and help preserve the property’s entitlements. Operational and marketing budgets were prepared to outline the costs to operate and sell the property. Additionally, DWC compiled the necessary due diligence information for the marketing and sale of the property. DWC governed the developer-controlled HOA Board ensuring that the association was in compliance with all state and regulatory laws.
Project Resolution
The property was sold and the Receiver discharged.
Project Name
The Townhomes at San Simeon
Client
Circuit Court of the Twentieth Judicial Circuit of the State of Florida
Location
Fort Myers, FL
