WCI is condo shy

WCI Communities was one of the condo kings during the real estate boom, with 21 residential towers under construction in mid-2006.

The Bonita Springs-based homebuilder built condo towers on both coasts of Florida, successfully selling them to speculators who flipped them for profits.

But when the real estate collapse hit Florida, the end of the condo boom was one reason WCI sought bankruptcy protection in 2008. Its most high-profile financial debacle was One Bal Harbour, the Miami-Dade luxury tower that was completed in 2007 and stricken with buyer cancellations.