What caught my eye in the Palm Beach Post Sunday's edition was that Adam Schlesinger was back in the news. He and his companies are involved in the Ambassador Hotel Cooperative Apartments on S. Ocean Boulevard and have just been sued by them. It is stated that he is using a lot of scare tactics pressuring people to sell their units to him.
If you recall, the Schlesinger family was highly entrenched in our city at one time regarding The Gulfstream Hotel.
Back in July 2005, Schlesinger bought the historic hotel for $12,910,000
paying over double what it sold for only two years before. The hotel
is 13,500 sq. ft. situated on 0.399 acres directly across from the
Intracoastal Waterway and Bryant Park. It has 106 rooms in 65,456
square-feet and most rooms have a water view.
Adam Schlesinger came before a former Planning & Zoning Board on
numerous occasions as well as the City Commission while Jeff Clemens was mayor. He was crying the
blues that he couldn't get financing but NO one on the P&Z Board
back then, (Lisa Maxwell, former candidate for District 4, Wes Blackman,
former candidate for District 3 and Phil Spinelli to name a few), asked
him to prove what he said--none of them even asked. They took him at
his "word." They continued to give him extension after extension and
allowed the Gulfstream to languish.
This is a hotel
that survived the Great Depression but did not survive the financial
depression we had. Asset Holding Company 5 LLC
filed a foreclosure lawsuit against CSC Lake Worth Limited Partnership
(Schlesinger) on August 11, 2010 in Palm Beach County Circuit Court. The
lawsuit sought repayment of a $12 million loan, plus the foreclosure of
the hotel property." In May 2010, it sold for $7,225,000 to HH GULFSTREAM LAND HOLDINGS LLC (Hudson Holdings). Another suit ensued and Carl DeSantis now owns the Gulfstream Hotel. Where is Steven Michael these days?
Read about Schlesinger... in Sunday's Palm Beach Post. In the meantime, the hotel, once an icon of our city, is still in limbo all these years later.