Current news for this company:
Smith Family Homes - Tampa-area luxury residential
In a retroactive addition (today is August 12th), we list Tampa-area Smith Family Homes, for filing chapter 7 bankruptcy protection on July 30th, 2008.
According to the St. Petersburg Times, Smith Family had been around since 1998, and built luxury homes around and sometimes above the $500k level, including the developments Seven Oaks, Connerton, Wilderness Lakes Preserve and Panther Trace. The president of the company was Ron Smith.
According to the same article, creditors include SunTrust and Wachovia banks, as well as "dozens of suppliers and contractors." No surprises there.
If you have more details on Smith Family Homes, please drop us a line.
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Important: This company is on our list of builder operations that have "imploded" (see also ailing lenders). This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid declines in enterprise value; or abnormal "bail-out" by corporate parents or peers in order to continue to operate. The builders may be residential or commercial.