Grand Harbour Development, LLC v. Lattof

THOMAS, Judge.

Facts and Procedural History

On December 13, 2005, Grand Harbour Development, LLC (“GHD”), entered into a sales contract to purchase approximately 13 acres of waterfront property in Orange Beach (“the property”) from Mitchell G. Lattof, Jr., individually and as trustee under the Will of Frankie T. Lattof, deceased, and Walter Trent Marina, Inc. (hereinafter referred to collectively as “Lattof’). The record indicates that GHD intended to construct a 462-unit condominium development (“the development”) on the property. In addition to the purchase price of $25,000,000, the contract…