Developer buys Sarasota site for $9M, plans 180-unit apartment complex

The property near University Parkway is approved for and ready to be developed into a five-story apartment building.

  • By Louis Llovio
  • | 5:39 p.m. October 11, 2022
  • | 0 Free Articles Remaining!
Alabama developer buys property near University Parkway already approved for and ready to be developed into a five-story apartment building. (courtesy photo)
Alabama developer buys property near University Parkway already approved for and ready to be developed into a five-story apartment building. (courtesy photo)
  • Manatee-Sarasota
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An Alabama apartment developer has bought an 8.5-acre parcel in Sarasota approved for a five-story, 180-unit multifamily complex.

Arlington Properties, the buyer, paid $9 million for the property at 3045 Broadway Ave., just off of University Parkway near U.S. 301.

 

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