May 22, 2004

‘Frenzy’ of Buyers for New Urbanism Condos

"It was a feeding frenzy like developer Chris Brown had never seen," the Herald Tribune of Southwest Florida reports with obvious amazement.

"In less than an hour and a half on Tuesday, the 134 condominium units at Main Street and Palm Avenue were gone except for five penthouses." Construction on the $55 million Sarasota project doesn't even start until this fall. Prices start at $280K.

"Brown says he gives a lot of credit to Andres Duany, the urban planner who advised the City Commission on making downtown walkable and diverse. It's the first downtown building planned under new density increases that allow 200 units per acre in a 47-acre target area."

Duany is co-author of one of my favorite books on community planning: Suburban Nation: The Rise of Sprawl and the Decline of the American Dream.

Once again: Smart growth is not no-growth. It's not anti-business. It's good for residents AND good for business.

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