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Old 08-03-2007, 04:11 PM
Patty Patty is offline
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Default Re: Developer Turnover

To further embellish what John was saying....
We are business owners in the Villages and purchased our commercial property parcel from the Villages and a partnership they have with a real estate company in St. Pete. We had to have our plans approved by the Villages as we went through the planning stages of the development and our construction company also had to meet with The Villages and were held to a list of strict standards to which they had to comply. Many of the items you see on the commercial properties are dictated by the Villages but paid for and kept up by the actual commercial property owner. For instance - the SECO designer light posts are dictated to be used by The Villages, as well as 1 live oak tree planted for every 5 parking spaces in certain size lots.
Now that we are built and open for business, the Villages does not receive payment from us. It is my understanding from speaking with other business owners who lease their locations from the Villages leasing agents, that they have certain requirements as well in their leases and these may be different for some of the lessees dependent on the year that they actually signed their leases.



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