Okay, so it's probably a coincidence. But a few weeks after the new Wiregrass Mall opened north of Tampa, its developer, Forest City Enterprises, says "no mas" to new projects.

Wiregrass is an open-air mall off State Road 56 in Wesley Chapel built around a decent facsimile of an urban Main Street. It's the only new mall to open locally in the past few years.

Here's the Wall Street Journal's take on Forest City's new-found aversion to cement:

Real-estate developer Forest City Enterprises Inc. said it will halt new projects and focus on reducing debt and managing its existing real-estate portfolio.

Chief Executive Charles Ratner said Forest City will transition from a "development company with an operating portfolio to an operating company with a development capacity."

"Forest City has heavy debt and heavy development, both of which are a problem these days," says Rich Moore, analyst at RBC Capital Markets. The company has $2 billion of debt maturities over the next two years, according to company filings. Real-estate debt markets have seized during the past year, creating headaches for property owners needing to refinance mortgages and replace construction loans.

Forest City said it will continue some developments it has already started, including the $4 billion Atlantic Yards project in Brooklyn, N.Y. Plans for the 22-acre site include offices, apartments and a basketball arena.

Cleveland-based Forest City is one of the largest builders of real-estate projects in the U.S., ranging from planned housing communities to urban mixed-use developments.