Quote:
Originally Posted by Northwoods
I agree. I'm guessing they want to convert the second story space in Lake Sumter into apartments. Just like they want to convert second story space in Spanish Springs into apartments.
This is done in many if not most big cities. Ground floor has shops, above the shops are apartments/condos.
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Years and years back before department stores and shopping malls that is where the owner's of the small businesses lived, above their store. A few years back in Nashville, TN developers built a large multi floor apartment in downtown Nashville that filled up quickly. People liked living downtown where they worked. Not long after a grocery store opened up in the downtown area to serve the people living in the apartments. After the success of that apartment building developers started a condo and apartment building frenzy in the downtown area. They are bought/rented as soon as they are finished and demand premium prices. It makes sense as the downtown areas are where the restaurants, bars and entertainment are located. It's a lot easier to do a short walk from your condo/apartment to your place of interest than to drive a car there and try to find a parking spot.