Tuesday, January 17, 2006

Real Estate Outlook is Optimistic for 2006

Jack SnyderSentinel Staff Writer January 16, 2006 Orlando Sentinel

Think 2005 was a great year for residential and commercial real estate? This year will be even better, according to the real experts -- not economists, but the folks managing the businesses that help make the Central Florida economy hum.

David Barley, president of The Palm Beach Land Trust and the force behind development of the former Pizzuti block in downtown Orlando, promises lots of excitement.

"We're the catalyst for change in downtown Orlando," Barley said. The development, still evolving, takes a new approach: Making maximum use of public spaces."We've introduced place making to the developers' vocabulary," Barley said.

The developer also has the Eight Seconds property on Livingston Street under contract and Barley said he has development plans for that 2.96 acres.

Additional proof of Barley's optimism: He is buying land on Morse Boulevard in Winter Park for an office condo project and five acres at Heathrow in Seminole County for another office condo. Palm Beach Land Trust earlier did an office condo project near Heathrow that sold out quickly.
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