
Gulf Coast Business Review
February 10-16, 2006
Bucking The Trend
Mark Miller, president of Westwater Construction Inc. and managing
member of Forest Lakes Development LLC, has a lot of interest
in the residential future of the money-troubled Forest Lakes
Golf Club.
His Sarasota development plans are different from the current
norm of complete redevelopment. Miller plans to keep the
18-hold golf course.
Through a course realignment, Miller and his group plan to
build 189 condominiums in seven buildings and create 11 single-family
home sites. He also expects to spend about $7 million
to improve the course and construct a brand new clubhouse, restaurant
and bar.
The entire project has a potential sell-out value of $120 million.
Miller says the course has a lot of personal meaning for him.
He played on it in junior high, had his wedding reception on
it and his sister was married on it. So he has incentive
to see if it could be retained.
"With all the course closures right now we felt that there
was a shortage of courses," Miller says. "It's
going to be a semi-private course."
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