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Gulf Coast Business Review
February 17-23, 2006

Developer Buys Land For Enclave at Bay Isles

BUYER: Enclave at Bay Isles LLC, Sarasota
SELLER: Bay Isles Development LLC
PROPERTY: 594 Bay Isles Road, Longboat Key
PRICE: $3.25 million
PREVIOUS PRICE: $1.9 million, May 2004
LAW FIRM ON DEED: Levin Tannenbaum Band Gates & Pugh PL, Sarasota

PLANS, DESCRIPTION: Enclave at Bay Isles LLC, headed by Sarasota developer Mark Miller of Westwater Construction Inc., has purchased 3.7 acres on Longboat Key.  Miller says the development group plans to build 12 high-end condominium units on the site.  He expects to break ground in the next three to four months.

Enclave at Bay Isles mortgaged the property to Gold Bank for $12.4 million.  Miller's Westwater Construction will construct the new development.

Westwater Construction, Inc. : 1074 North Orange Avenue : Sarasota, Florida 34236 : (941) 366-9936
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