I think you missed the BIG point. The project is NOT in trouble. Most buyers put small deposits down on their units which is leaving a lot of equity in this project to finish things up. Not only is there plenty of equity but there are also great profits to be made.
Have you been up to Sapphire lately!!!???? Then you would know that this project is now moving along at a record pace since Sam Gomez is in control. Have you seen the barges headed up to Sapphire with literally tons of building materials? For updates on construction, just go to www.SapphireBeachBZ.com
, the new website. It shows exactly what's going on at Sapphire Beach. LOTS is going on.
The owners up at Sapphire fell in love with the big, wide, white sand beach, the coconut trees, the natural beauty, the reef 1/4 mile away, the great construction and the low density design. This has not changed at all. All of us owners are more in love with this project than ever, and there are over 60 of us, with a number of sales pending as I type this. We will have one of the strongest HOA's on the island.
If you knew the facts, you'd know this project is going to get done.
- Sally (Villa 11 at Sapphire Beach)