The development will offer more than 274 free-standing homes within a master-planned community in North Point, FL.

The lease capitalizes a 16-story development that will include 278 units and 28,000 SF of office and retail space, situated within SomeraRoad's larger Paseo South Gulch master plan.

But Moody's says that cautious optimism is the best approach.

Sector giant Equinix is developing low-carbon fuel cells while the newest player, Switch, builds a pipeline for recycled water in Nevada.