| LONGBOAT KEY, Fla. (December 1, 2004) — The Positano project – at the site of the former Holiday Inn Property and themed after the Italian Mediterranean town of the same name – has commenced construction on Longboat Key. It is a partnership between Corvus International, The Devlin Group and BSG Communities.
The project is made up of 27 estate condominiums located directly on the Gulf of Mexico. There are currently only 7 units remaining. “The Town of Longboat Key recently issued all necessary foundation permits for the project, and we have begun driving pilings for Building #1 at this time, “ said Timothy J. Morris, Principal of Corvus International. “We are adhering strictly to all of the restrictions of the foundation permits as it relates to the dates and timeframes for this first phase of the construction process. In addition, we are currently reviewing several alternatives to try and expedite the process of driving the pilings for the project as well as looking at ways to mitigate the noise associated with this process. We have a number of other projects underway in Southwest Florida, and we are committed to being good neighbors to all existing residences in all of our developments, including Positano” said Morris.
Corvus International’s other local projects include: Bel Mare at Riviera Dunes, comprised of 186 condominium units in three 15-story towers with approximately 100,000 sq.ft. of retail and specialty shops in the 288-acre Riviera Dunes Resort and Yacht Club in Palmetto. The O2 Towers in Tampa’s Channelside District is comprised of 380 condominium units in two 41-story towers with 100,000 sq.ft. of retail and related specialty shops. This project is being developed in conjunction with Morin Development of Tampa; ground breaking is expected to begin in May of 2005.
Corvus International LLC is a Bloomfield Hills, MI and Sarasota, FL-based real estate development firm with affiliated offices throughout the globe. In addition to their Florida projects, Corvus is also developing approximately 1,000,000 sq.ft. of industrial, hi-tech, and office real estate throughout the Midwest, with a current project volume valued in excess of $800 million. Contact the company by calling (248) 203-2300 or visit online at www.corvusint.com. |