Friday, August 03, 2007

Developer cuts back homes to add retail

LAS VEGAS -- A Boston-based company working to transform a 200-acre tract in Charlotte County into a massive mixed-use development has revamped its plans in response to market conditions, adding a shopping center's worth of retail space to its original proposal.The Wilder Cos.' plans now call for 1.2 million square feet of retail space to be a part of The Loop-Punta Gorda, a 20 percent increase from designs unveiled last year.At the same time, Wilder has reduced to 500 the number of new residences that would become part of its massive project, slated for a tract near Interstate 75 and Burnt Store Road. When Wilder's plans were announced last May, plans called for 800 homes.
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