Other Aquatera

[greenstreet]

Is there any update on Aquatera? Site looks like it is wasting away in the sun. Website still up, but no correspondence returned.

thanks

 

[John R]

Is there any update on Aquatera? Site looks like it is wasting away in the sun. Website still up, but no correspondence returned.

thanks

that seems to be about the gist of it. chain across the entrance, mobile home looks loose from it's moorings, and 'agent on duty' sign long gone.

 

[Smiling JOe]

Is there any update on Aquatera? Site looks like it is wasting away in the sun. Website still up, but no correspondence returned.

thanks

Johnny Earles, the real estate broker for the development ran away from that one after talk of FBI investigations were brought up for possible fraud in this development between the developer and the lender or appraiser. This was only the talk around town, and I do not know how true it is, but this came about shortly after the grand reception kicking off the project. Almost immediately, everything halted.

The property would make a nice acquisition by Alys Beach.

 

[Camp Creek Kid]

The property would make a nice acquisition by Alys Beach.

I think they tried to get it when it was for sale a few years ago. Unless they can get it at a forclosure sale, I believe they'll pass. What did the Aquatera people pay? Around 61 MILLION if I remember correctly .

 

[Smiling JOe]

I think they tried to get it when it was for sale a few years ago. Unless they can get it at a forclosure sale, I believe they'll pass. What did the Aquatera people pay? Around 61 MILLION if I remember correctly .

Maybe that is the reason for the fraud.

edit: just checked, they paid 24.5 million for that property

 

[Unplugged]

Johnny Earles, the real estate broker for the development ran away from that one after talk of FBI investigations were brought up for possible fraud in this development between the developer and the lender or appraiser. This was only the talk around town, and I do not know how true it is, but this came about shortly after the grand reception kicking off the project. Almost immediately, everything halted.

The property would make a nice acquisition by Alys Beach.

And what a kick off party it was!!!! ;-)
________________________________________________

 

[SHELLY]

Johnny Earles, the real estate broker for the development ran away from that one after talk of FBI investigations were brought up for possible fraud in this development between the developer and the lender or appraiser. This was only the talk around town, and I do not know how true it is, but this came about shortly after the grand reception kicking off the project. Almost immediately, everything halted.

The property would make a nice acquisition by Alys Beach.

FRAUD???? In SoWal Real Estate??? That can't be...it doesn't happen here, just in those other Florida places.

.

 

[Smiling JOe]

I think they tried to get it when it was for sale a few years ago. Unless they can get it at a forclosure sale, I believe they'll pass. What did the Aquatera people pay? Around 61 MILLION if I remember correctly .

Maybe that is the reason for the fraud.

edit: just checked, they paid 24.5 million for that property

I wonder if the loan was for $61 million.

 

[SHELLY]

that seems to be about the gist of it. chain across the entrance, mobile home looks loose from it's moorings, and 'agent on duty' sign long gone.

It's the balloons...they should have used balloons!! These developers were clueless about savvy marketing techniques.


.

 

[Camp Creek Kid]

I wonder if the loan was for $61 million.

The Property Appraiser's Office says Zhohouri Development paid 61 million. The people who bough it for 24 mil flipped it at closing for the 61.