The Mercato is coming along quite nicely. First The Capital Grille opened, Whole Foods just weeks ago, and now McCormick & Schmick's will open in a few weeks.
As for the residences at The Strada, there are two buildings with 80 residences in total. About 30% are sold with the first closings and occupancy set for first quarter 2009, probably February.
With the first buildings to open soon, models are in order. To accommodate that, the developer is now offering 5 units with one or two year lease backs. Additional incentives are available such as a membership at Naples renowned LaPlaya or credit at closing.
There are one bedroom units through penthouse available.