Naples developer part of a plan for The Colony on Longboat Key


The Colony, the famed tennis resort on Longboat Key that closed in 2010 after losing game-set-match to a lack of maintenance and a subsequent bankruptcy by its owner, could be redeveloped as condominium and hotel, which would be managed by an internationally known hotel chain, according to a proposal Wednesday by an aspiring development team.

Longboat Key investor Manfred Welfonder’s MW Development Group is partnering with storied Collier County developer The Lutgert Companies. The goal is executing a $195 million redevelopment of The Colony.

Lutgert, formed in 1964, put Naples on the luxury map with the Gulf-front Park Shore development of luxury high-rise condominiums. Lutgert is the parent company of Premier Sotheby’s International Realty, which sells from Marco Island to Sarasota.

Colony Beach & Tennis Club Association, through its president Jay Yablon, has “expressed a commitment to negotiating and finalizing a development agreement," Lutgert said in a statement. The resort could reopen as soon as November 2018.

The architecture firm Fugleberg Koch has drawn a plan for the 18-acre property. It has 190 residences and a 160-room hotel in a “village atmosphere.”

But the plan has to hurdles to clear.

Harold Bubil

Recipient of the 2015 Bob Graham Architectural Awareness Award from the American Institute of Architects/Florida-Caribbean, Harold Bubil is real estate editor of the Herald-Tribune Media Group. Born in Newport, R.I., his family moved to Sarasota in 1958. Harold graduated from Sarasota High School in 1970 and the University of Florida in 1974 with a degree in journalism. For the Herald-Tribune, he writes and edits stories about residential real estate, architecture, green building and local development history. He also is a photographer and public speaker. Contact him via email, or at (941) 361-4805.
Last modified: November 11, 2015
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