The long-touted Bradenton Beach mixed-use marina has hit serious chop, with developer Leestma Management LLC retreating into Chapter 11 after financing and legal troubles stalled the waterfront project and brought lenders to the courthouse steps.
Bankruptcy Filing Details
Leestma Management filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Middle District of Florida on Wednesday, under case number 8:26-bk-02696. Court papers put the company’s assets and liabilities in the $50 million to $100 million range and list attorney David S. Jennis as counsel of record. The docket also reflects an order allowing the company to keep operating as a debtor-in-possession, along with an emergency notice asking for joint administration of…..