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If you wish to know about the status of the Belleview Biltmore, please read the following:
INVESTORS WANTED!
From the Belleair Bee, "In a five-page cover letter that accompanied the application, the owners of the hotel, the Ades brothers of Miami, indicated they were filing for the demolition permit because the potential new owners of the property, Miami Architect Richard Heisenbottle and his group, (Belleview Biltmore Partners) defaulted on their contract to buy the property because they were unable to come up with the money. The letter states “BBP (Heisenbottle) was unable to close on the loan and defaulted on the contract. BB Hotel (Ades brothers) even provided an extension at no cost which was not required by the contract but BBP was still unable to close on the loan.”
Despite that Richard Heisenbottle said the application will not inhibit him and his partners from proceeding with their efforts to buy the property. “This has no effect whatsoever on our plans,” he said. “We are proceeding with assembling our capital stack; the process is taking longer than we thought. We just finished getting our tax exemption from the town.” Heisenbottle said he was not bothered by the demolition application.
Per the October 4, 2012 Wall Street Journal article, "Architect Richard Heisenbottle and his two partners, who have hired Miami investment bank CGI Merchant Group LLC to raise capital for buying the hotel and restoring it to its former glory.
"The group so far has assembled nearly $25 million through a federal investment tax program for historic buildings, and Mr. Heisenbottle anticipates landing a $75.5 million construction loan. He still is canvassing potential investors for as much as $16 million in equity contributions, he said."
If anyone reading this article is interested in becoming an investor with Belleview Biltmore Partners so that the Biltmore may be saved, PLEASE CONTACT US IMMEDIATELY! Diane Hein, President of Save the Biltmore Preservationists at Email us.
The current owner of the hotel has filed a demolition application to destroy the Biltmore, and they are only willing to hold off until December 31, 2012, so URGENCY is a necessity! Please note that the demolition permit was incomplete and Belleair town council sent it back to KAWA for them to write it correctly. Once resubmitted and if correct, Belleair town council still would have to give approval for the demolition of the hotel.
The Pelican or Belleview Biltmore golf course is being purchased for $13.5 million by the town of Belleair to make sure it will not be redeveloped.
Or contact realtors and investors in your area and let them know that the Biltmore immediately needs investors in order to be saved!
Please note we do NOT know anything further than this!
Contact information:
Diane S. Hein, President Save the Biltmore Preservationists, Inc. 30725 U.S. Highway 19 North #107Palm Harbor, Florida 34684-4410
If you would like to be on the mailing list, for Belleview Biltmore Supporters, news media, preservation organizations or others to receive current event information and Updates about saving the Biltmore, OR post messages to the Message Board, just fill out this form and I, Diane Hein, will add your name and email address to our mailing list, post your messages, and you will receive Biltmore Updates from me.
If you have any old/historic photos of the Biltmore and/or of your family at the hotel, please send them to us and we will post them. We are especially looking for photos of the interior of the hotel before World War II before all the furniture was removed when the Biltmore housed the military.
PLEASE be sure to include your email address below! Diane Hein
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