Mr. Enzo Gagliardi

Developer Enzo Gagliardi and his attorney, Craig Colburn Jr., said that, although they have searched for a company that would provide such a bond, they have been unable to secure it.

Smith recently renegotiated the lease and made a deal with Finergy, which is led by European developer Enzo Gagliardi.
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Gagliardi, who built a Homewood Suites on Fruitville Road, said he's still talking with different companies.

Developer Enzo Gagliardi, president of Finergy Development LLC of Sarasota, said that the cost of the project would be close to $100 million and construction would span four or five years.In 2005, Gagliardi also converted an abandoned assisted-living facility in Sarasota into Homewood Suites, a 100-unit hotel on Fruitville Road, according to the company's Web site.

:: Enzo Gagliardi
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Enzo Gagliardi: Founder & CEO

Born in Saracena, Italy, Enzo is a self-made businessman.

He started his professional career in France in 1980 in a construction company as a laborer.

Enzo made his first real estate investment in 1981 using his savings from his hourly pay. After obtaining financial independence in 1988, Enzo became and remained self-employed ever since.

Specializing in the purchase of bankrupt companies, Enzo owned, managed, restructured and sold with substantial profit several companies in various fields of the industry in Northern Europe. Companies included a brewery, a business in the metals industry, a site work development company, a stone and marble company and employed more than 1200 workers.

As he kept making profit through the years with these businesses, he reinvested every penny he made and dedicated himself to the growth of his real estate assets.
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Eric first oversaw the property management department of the group and worked in cooperation with Enzo Gagliardi, President of Finergy to triple the revenues of the Westin Innisbrook Resort (Palm Harbor, FL) Units under their management.

:: Enzo Gagliardi
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Enzo Gagliardi:

Born in Saracena, Italy, Enzo is a self-made businessman.

He started his professional career in France in 1980 in a construction company as a laborer.

Enzo made his first real estate investment in 1981 using his savings from his hourly pay. After obtaining financial independence in 1988, Enzo became and remained self-employed ever since.

Specializing in the purchase of bankrupt companies, Enzo owned, managed, restructured and sold with substantial profit several companies in various fields of the industry in Northern Europe. Companies included a brewery, a business in the metals industry, a site work development company, and a stone and marble company and employed more than 1200 workers.

As he kept making profit through the years with these businesses, he reinvested every penny he made and dedicated himself to the growth of his real estate assets.
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Eric first oversaw the property management department of the group and worked in cooperation with Enzo Gagliardi, President of Finergy to triple the revenues of the Westin Innisbrook Resort (Palm Harbor, FL) Units under their management.

Finergy's CEO, Enzo Gagliardi, was warned by skeptics that he wouldn't be able to turn the property around. "The most important thing for us is to be visionaries," says Gagliardi.

"We are glad to start to work on some positive stuff," said Enzo Gagliardi, Finergy's president.
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The growth makes sense to principal Enzo Gagliardi and his protege (and cousin) Eric Collin.
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Gagliardi then demolished the building to make way for a four-story, 15,000-square-foot building.
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Gagliardi has teamed up with Sarasota architect Frank Folsom Smith
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Three of the new projects have a mixture of uses and Gagliardi, 46, says that is by both design and necessity. "Land is so expensive and construction costs have gone up so much that you just have to vary your approach with a lot of diverse elements to make it work," he says. More importantly, Gagliardi remembers the tough markets. He prefers his development to be deliberate "choosing a plodding protracted approach to building over making mistakes. Gagliardi describes his business approach as a "risk killer."
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Suites, Gagliardi's says his initial first impression was: "This is clearly the ugliest building in Sarasota."

Pared with Galliard's desire for real estate bargain is his obvious joy in creation "envisioning what could and should be at a site.

" Vision is really the most important thing you can have," Gagliardi says.
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" As a developer, most of the time you build a project and then you leave," Gagliardi says. "So it is arrogance to say to your neighbors: Stay away." We really see this as a way to work together. It matters when they say things like 'We don't want just another Mediterranean building. We heard that in Nokomis and so we tossed out the design we had and started over."

All of these exercises, Gagliardi says, are about making your project as immune as possible to changes in the market. Maybe in a good market you work harder than you need to, Gagliardi says, but in a bad market you don't sink.

Gagliardi says financing large development projects " $100 million for the airport property and an estimated 120 million for Channelside " isn't that difficult if you budget for a long development period and use the land-use improvements to provide additional equity.

" That's the small secret," Gagliardi says.
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At 17, Gagliardi, who grew up in a depressed industrial area of Italy, started buying homes, improving them and renting them out. Over the years, that venture turned into what is now a residential development firm and a management company of government regulated affordable housing.

The business, including Finergy, are all family-style: Gagliardi's wife and brother currently work for the European venture while Collin's wife works at Finergy.

Gagliardi declined to comment on the current financial size of the European venture. However, the Sarasota-Manatee Airport Authority investigated both Gagliardi and his company's financials and references and found that he was able to handle the terms of the
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Gagliardi expects the site design and approvals to take eight to ten months.
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Developer Enzo Gagliardi, president of Finergy Development LLC of Sarasota, said that the cost of the project would be close to $100 million and construction would span four or five years. In 2005, Gagliardi also converted an abandoned assisted-living facility in Sarasota into Homewood Suites, a 100-unit hotel on Fruitville Road, according to the company's Web site.
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But now that Collin and his partner, Enzo Gagliardi of Finergy Development LLC, have bought the neighboring property, a former food storage warehouse, their 2-acre project could be one of the Channel District's largest.
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Collin and Gagliardi told about a dozen people at a Channel District Council meeting Wednesday that they plan 274 residential units, 119 hotel rooms and retail, possibly including a grocery store.
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Gagliardi, who is currently out of the country, was responsible for Homewood Suites on Fruitville Road, Smith said.
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With or without Mr. Gagliardi, it's going ahead."
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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nov. 4, 2005--With $6.2 million in financing from GE Commercial Finance, Franchise Finance, Enzo Gagliardi and Eric Collin, principals of Sarasota, Florida-based Finergy Development, turned a failed assisted living development into an award-winning Homewood Suites.
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The 100-room Homewood Suites represents the first U.S. project for Merca, a company led by French immigrant Enzo Gagliardi and his cousin, Collin.

Finergy Development's Enzo Gagliardi seeks to eliminate doubts in an unstable market.His mantra: Be patient.

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Its latest incarnation involves European developer Enzo Gagliardi's Finergy Group and Innovation Green's original proponent and leaseholder, architect Frank Folsom Smith, as a minor partner.
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Smith said Gagliardi is OK with going back to the old lease, but the terms of their operating agreement hinge on approval of the new lease.

Instead of Aug. 1, developers Enzo Gagliardi and Frank Folsom Smith will have until 60 days after the Federal Aviation Administration makes a final determination on the lease for about 8 acres of airport property.