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Developer buys 22 acres in Port Charlotte, building 333 apartments

LIV Development out of Alabama bought the property and plans to begin construction on the complex this month.

By Louis Llovio
| 5:45 p.m. February 15, 2024
| 0 Free Articles Remaining!

An Alabama developer plans to build 333 apartments on a 22-acre parcel in Port Charlotte.

Charlotte–Lee–Collier

A 22-acre parcel in Port Charlotte has sold and apartments will be built on the site.

The property is at U.S. 41 and Cranberry Road, between a RaceTrac gas station and Kia of Port Charlotte.

LIV Development, an Alabama developer specializing in building multifamily communities, paid $8.4 million for the site.

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Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.