Communication Builds Our Community

(5) stories found containing 'blue chip capital'


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  • City Proceeds With Suit Against Dixie Walesbilt LLC

    Robert Connors, Managing Editor|Updated Feb 17, 2022

    Following the collapse of negotiations Lake Wales Community Redevelopment Agency is proceeding with a lawsuit against the Dixie Walesbilt LLC. That action is expected to filed by Monday. The 96-year-old building has been the subject of an ambitious redevelopment proposal that would bring a luxury hotel chain to the building while redeveloping the adjacent properties. Negotiations have taken place during the past three weeks, but failed to reach an agreement which would...

  • Walesbilt Hotel Proposal Still Alive, Under Deadline to Avoid Suit

    Robert Connors, Managing Editor|Updated Jan 26, 2022
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    A long-awaited proposal to redevelop the prominent former Walesbilt Hotel into a luxury full-service hotel and conference center is still viable, according to representatives of the development team, who pledged to keep working toward an agreement with the city that will assure the success of the project. Citing "progress" but large remaining differences between the parties, the Lake Wales City Commission Tuesday night authorized legal action against Dixie Walesbilt, LLC...

  • City, Walesbilt Developers Open Negotiations With a "Productive" Meeting

    Robert Connors, Managing Editor|Updated Jan 6, 2022

    A proposed multi-million dollar rehabilitation and redevelopment of the eleven-story Walesbilt Hotel in downtown Lake wales crept closer to reality Tuesday as representatives of a development team met with city officials to negotiate an agreement on the project. A second meeting is planned for Thursday. The city issued a statement on Wednesday evening characterizing the initial meeting as "productive." Representatives of the developers offered no comment on the negotiations...

  • City Commission Agrees To Negotiate Hotel Deal Under Deadline

    Robert Connors, Managing Editor|Updated Jan 5, 2022

    With a promise to hold a special meeting if needed, Lake Wales City Commissioners agreed Tuesday evening to enter negotiations with a development consortium hoping to rehabilitate the historic Walesbilt Hotel in downtown Lake Wales. The deal may depend on whether the two parties can reach a deal within weeks. "Our main goal is just partnering with the City," Daniel Greenberg of Blue Chip Commercial Capital, LLC. told commissioners, pointing out that they already have a...

  • Still More Details Emerge of Walesbilt Hotel Redevelopment Deal

    Robert Connors, Managing Editor|Updated Dec 21, 2021

    Details of the pending redevelopment of the Walesbilt Hotel continue to emerge as members of the development team prepare to share plans with the City Commission at Tuesday's meeting. The long-awaited hotel project is seen as the lynchpin of downtown project being sparked by the Community Redevelopment Agency. The CRA has authorized the issuance of bonds up to $18.5 million to fund extensive reconstruction of downtown streets as part of the Lake Wales Connected plan. That...