In the coastal city of Punta Gorda, Florida, builders are putting the last licks of paint on a newly built luxury condo targeting retirees.
The project is one of many new homes under construction, just months after the city was struck by back-to-back hurricanes last autumn. It overlooks a web of canals downtown, where the seawall was badly damaged by an earlier hurricane a few years ago.
Even so, the development of new houses “just keeps coming and coming,” says Sean Seward, a local real estate agent who has been grappling with an ever-growing portfolio of new homes churned out by developers.
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