Sarasota Flats developers buy vacant Fruitville land

BUYER: Sarasota Rosemary Apartments LLC (managers: Robert and Deborah Moreyra, Peter Collins and FDG - Sarasota Rosemary Apartments LLC), Tampa
SELLER: Fruitville Downtown Development Partners LLC
PROPERTY: 1401 Fruitville Road, Sarasota
PRICE: $5.77 million
PREVIOUS PRICE: $3.6 million, November 2004
LAW FIRM ON DEED: Norton Hammersley Lopez & Skokos PA, Sarasota

PLANS, DESCRIPTION:
An affiliate of Tampa-based Forge Capital Partners purchased 2.8 acres of vacant land west of Lemon Avenue for $5.77 million.

Forge Capital and its frequent development partner, Framework Group LLC, plan to construct a 228-unit, five-story apartment complex on the site called Sarasota Flats.