Wednesday, February 27, 2008

Commercial development boom in Orlando area is beginning to fizzle

The long bull run appears to be slowing and pulling in its horns across much of Central Florida.Home building has plunged in Central Florida and nationwide. But Liberty Property Trust is pouring on the concrete and steel in the Orlando area, building offices and warehouses at a steady clip.Liberty, based in Malvern, Pa., is also preparing to break ground this spring on a seven-story office complex in Maitland with 210,000 square feet of rentable space. That will most likely be the largest office building constructed in the Orlando area this year -- and maybe the last of its kind for awhile, said Stephen Whitley, Liberty's senior vice president/city manager.Read on the Orlando sentinel article: http://www.orlandosentinel.com/community/news/winterpark/orl-cover2508feb25,0,5122455.story

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