Delayed and Abandoned Projects - Winter/Spring 2007

Many of the highly publicized Sarasota developments have been delayed or simply abandoned.  What impact does this start and stop effect have on the market?  Not much for the downtown core as its new vitality is secured by the many completed or soon to be completed developments.  The North Trail is a different story.  One developer alone terminated several North Trail purchase agreements  for planned developments that promised additional vitality for the North Trail.  While all the North Trail abandoned projects were mixed-use; the residential component provided the economic juice.  As the residential market slows, so slows some dreams for the next phase in North Trail revitalization.