(Carl Cronan is editor of Real Estate Florida.)
DAVENPORT, FL-Posner Park, a 630,000-sf power center at thesoutheast corner of Interstate 4 and US 27, appears to be defyingthe logic of an economic downturn. While other retail centers arestruggling with sales and occupancy lately, this one has topped 90%leasing with all anchors in place and plenty of smaller spaces forspecialty shops and services.
The so-called "power center" marks the first phase of a$500-million mixed-use development on the site of the formerBaseball City complex, which featured a spring-training stadium andtheme park. The Kansas City Royals used to hit home runs and gothrough workouts there before relocating their spring site sixyears ago to Surprise, AZ.
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