Capri plan ends in loss

BRUCE Coulson, founder of the Kools Kids early learning group, and wife Carolyne have aborted plans to demolish an Isle of Capri home to make way for a stately three-level home and sold the property at a $400,000 loss.

The five-bedroom Naples Ave property, bought in late 2015, has been sold to Hannah Quinlivan for $5.25 million.

The Coulsons have spent $13.5 million buying adjoining properties in Capri’s The Promenade.