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Sale of Walkers Cay stalled

Negotiations for the purchase of the Walker’s Cay resort (previously reported on 8/14/10) have come to a standstill, with the primary bidder for the site claiming that the seller is making the process to close the deal on the multimillion dollar project more difficult.

Principal of the offshore developer Victoria House IBC, claims that the seller of the property is making demands that are becoming hard for his group to meet. Walker’s Cay has been owned by the Abplanalp family from New York and their corporation for the past 50 years.

Diane Jenkins, of Florida’s Jenkins Realty Inc., is the referral agent representing the seller and confirmed that the property is back on the market.  (Condensed from the Nassau Guardian, 9/27/10.)

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