Wednesday, October 6, 2010

West Villages Now Just a "Land Bank"

Just a few months ago the Thomas Enterprises website listed West Villages Town Center in North Port as a development project although it was just a blank page on the website.  Today, we are no longer shown as an active project.  Instead, this is what the website has to say about WVID:

Acquire in the Present with the Future in Mind
Thanks to instinct, business acumen and relationship building, Thomas Enterprises has a proven ability to assemble land in some of the nation’s premier locations. We acquire in the present with the future in mind. For example, several years ago we purchased more than 16,000 acres on Florida's southwest coast, although the timing and the market weren’t ready for a grand-scale development. Today, we are moving forward with a master-planned project that will include residential, retail, office, entertainment and recreational venues to serve a rapidly growing community. Our vision and ability to land-bank this enormous tract afforded the opportunity to prepare for the future market, position the development appropriately and reap the financial rewards as the market matures.

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