Beach towers will stop at two

After battling for three years to clear mid-century land restrictions that blocked construction of two high-rises, developer Larry Wireman has canceled the third and fourth towers of his luxury condo project Turquoise Place.

Amid a sluggish resort real estate market, Wireman said last week that he declined to finalize deals with nine property owners with whom he contracted in 2004 to buy lots for a reported $55,000 per Gulf-front foot.

Each owner stood to collect about $5.5 million had the sales gone through.

Beach towers will stop at two