Tampa -- An urban development project north of Tampa, Fla., the would-be home for 20,000 called Connerton, may soon be sold, the company president said.
Owned by Terrabrook, a Dallas company, Connerton was cited as a model of urban planning that was to include 8,000 homes built around a city center accessible by foot, the St. Petersburg, Fla., Times reported Wednesday.
But sales have been slow. The project began just as the housing market started to crumble, meaning Terrabrook has to charge high prices while home prices around the nation have been in decline, land broker Bill Eshenbaugh said.
The vision of builders selling up to 800 homes a year has not come to fruition. To date, 225 homes have been sold.
