The Old Mill area’s Mercato is one of several mixed-use projects that has ground to a halt amid the housing and credit crises. Stephen Trono had grand plans for his new project, The Mercato, when he unveiled it back in the heady housing-boom days of mid 2006.
Five buildings soaring as tall as 74 feet, with brick facades and top-of-the-line interiors. A bustling ground-floor mixture of restaurants, bistros, food shops and kitchen stores. Offices on the middle floors for lawyers and architects, engineers and designers. And, capping it all off, a series of top-drawer condos, complete with million-dollar pricetags and sweeping views of the mountains beyond and the Old Mill District below.
That's still the dream, Trono says.
But here in the muddy days of
2008, with the housing market in the tank and the banks running scared
from speculative real estate deals, Trono says his land - the former
site of the Brooks-Scanlon Mill's hulking red crane shed - is likely to
remain just what it is for another year: A flattened field of weedy
gravel, waiting for better days.

