Palm Beach Post: Bank sues Abacoa for $14 million

The Post quoted Rebel Cook on the concept that Abacoa Town Center would be a pedestrian friendly place for people to live, work, and play, following a concept called New Urbanism.

“It was based on a concept that if you put all the shopping in the middle of a residential community, everybody would walk to the town center,” said Rebel Cook, of Rebel Cook Real Estate of Jupiter. …  “That concept looked great on paper,” Cook said, “but in reality it doesn’t work, particularly in South Florida. It’s too hot (for people to walk).” Cook says Abacoa Town Center also suffers from the lack of an anchor store, such as a grocery store.

Read More: Bank Sues Abacoa (pdf)

June 2, 2010

Filed under: News and Commentary