Posts Tagged ‘Century Retail’

Avondale Ends Development Agreement, Shops For Another

With just a skeleton of steel called “the erector set” by residents, Avondale ended its six-year development agreement with   Florida-based Century Retail for the planned 375,000-square-foot mixed-use development in downtown Avondale Estates.  A victim of the economy, Century Retail filed for bankruptcy and defaulted on its development agreement owing Avondale a completed project and $37,500.   The city now waits for the bankruptcy and ownership of the property to be resolved.

“Yes, we want to be proactive,” [Avondale City Commissioner David Milliron] said. “We want to facilitate conversations [with developers]. We really want to get going on some project. But we can’t do anything until we know who the next landowner is.”