Development

ORLANDO-One of the fastest-growing active retirement communities in the United States, the 20-year-old, privately owned Lady Lake, FL venture has fought off a protracted lawsuit aimed at barring the construction of 43,000 new homes, four million sf of retail, 2,000 acres of golf courses and two town centers on 7,000 acres, 60 miles northwest of Downtown Orlando.

WAUKEGAN, IL-Tricon Global Restaurants, Inc. will build a Pizza Hut restaurant on a 23,522-sf site at the Lake Plaza retail center at Route 120 and Green Bay Road it acquires from Simon Properties for $188,179.

WESLEY CHAPEL, FL-The Pasco County Commission has just given the go ahead for the proposed Cypress Creek development, a multi-faceted project that would bring a hotel, office space, retail space and residential units to the largely undeveloped area.

BOCA RATON-The Renaissance Hotel completes a $9 million renovation project that began 18 months ago. The 189-room property existed as a Sheraton Hotel for nearly 20 years before Detroit, MI-based owner Trident-Allied LLC reinvented the property under Marriott's Renaissance brand.

NEW YORK CITY-Community Board One has fired the opening salvo in what promises to be a fierce battle over the proposed Edward J. Minskoff building at 270 Greenwich St. Board members say it's too big, too tall, and totally ill-conceived.

WASHINGTON, DC-The National Association of Realtors announces its plan to construct its own $45 million headquarters on a parcel of land just blocks away from the Capitol. Upon its projected completion in 2004, NAR will occupy 33,000 sf of the 93,000-sf building, leaving the rest open for lease.