Blue is being developed by Jim Clark and Thomas Jermoluk, formerly of Netscape and Silicon Graphics, respectively, and Paul Murphy, a well-known local builder-developer. According to Jermoluk, he is evaluating other sites in Florida for potential future acquisition and development.

"Blue is just the first of many spectacular properties to come," he says.

Raised in Hawaii, Jermoluk has achieved success with many companies in the computer and information technology industry. Jermoluk, who pursued engineering at Virginia Tech and earned bachelor's and master's degrees there, ran Silicon Graphics, which was founded by long-time friend and partner Clark.

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