The Emerald Isle high-rise finally dies

There is was, buried on page 14B of the Metropolitan section of the Morning News: The Emerald Isle project rezoning request was denied by the City Council. The request had been for a 115-unit, five-story residential complex at Emerald Isle Drive off Garland Road (down from the original 24 story proposal), and we all know about all of the controversy that proposal generated during the past couple of years. Well, for all practical purposes, the project as originally proposed is dead now.

So where do we go from here? Perhaps the remodeling scheduled to occur at Casa Linda Plaza will be enough of a catalyst to breath some life into the retail area along Garland Road, some of which truly does need some new energy. Or perhaps another developer will pick up the Emerald Isle property, figure out a way to working out a plan with surrounding homeowners before going public, and something will wind up being built on the property.

Or more likely, nothing much will change now for a few years as the growing liquidity and credit crisis takes its toll on the stock market, lenders, builders and homeowners. But one of these days, a few years down the road, there will be another high-rise proposal around the lake. You can take that thought to the bank.

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