In 2005, construction began on the "Midtown Miami" development between North 29th and 36th Street and Miami Avenue and the Florida East Coast Railway (FEC) on what was historically an FEC rail yard. The project is a large-scale, urban development that was planned with 8 high-rise residential buildings, a hotel, two parks, and a major urban shopping area, "The Shops at Midtown". Due to the collapse of the real estate bubble in 2007, only two residential buildings, and about 2/3 of "The Shops at Midtown" were built. In July 2011, plans were announced to begin construction on a new entertainment center at Midtown, including a hotel, and shops on the site of the current temporary park in the center of Midtown. Critics of Midtown state the lack of parks as a major issue.