Wednesday, July 15, 2009

Officially Dead?

Driving through Town Center today I noticed that the silt fences have been removed from the site of the former proposed WCI Plaza Residences tower. The site sign inviting all to “Live Beautifully” has also vanished though the now closed sales center is still set up in the former Exhibit Building. I suspect that this only because it is still under lease.

There is no mention of the project on the WCI Communities website either. The company filed its bankruptcy reorganization plan last month and expects to emerge from bankruptcy in the third quarter of this year.

I further suspect this prime piece of Town Center real estate will soon be available for sale.