Arizona developer buys Plant City land, plans 360 workforce apartments

Alliance Residential Co., an Arizona multifamily developer, has bought land in Plant City and plans to build a 360-unit apartment complex under its workforce housing brand.

Scottsdale-based Alliance bought the 15 acres at 3110 James L. Redman Parkway just south of Interstate 4 but did not disclose the sale price. Hillsborough County records, however, show it paid $6 million.

The previous owners, three individuals, paid $300,100 for the property in 2004.