A condo developer in Treasure Island is seeking Chapter 11 bankruptcy protection after selling just a handful of units along Gulf Boulevard.

The Palms of Treasure Island LLC, a project spearheaded by Edward Curtin, filed with the U.S. Bankruptcy Court’s Middle District of Florida on Dec. 19 claiming assets and liabilities of up to $10 million.

The 36-unit condominium was built last year at 10315 Gulf Blvd. after the developer secured a $7.5 million mortgage in 2004, according to Pinellas County records, representing $207,600 per unit.

Ten units were sold up to the beginning of this year averaging $376,700, the most expensive selling for $565,000, property records show.

The largest unsecured creditors include $185,000 to the Palms of Treasure Island Condominium Association, according to the developer’s bankruptcy filing, as well as just under $385,000 to a host of other unsecured creditors.

A creditor’s meeting is scheduled for Jan. 16 at 1:30 p.m. at the courthouse, 501 E. Polk St.