Commercial Real Estate

Continental buys land for Sarasota rentals
Continuing a multifamily residential boom, a Wisconsin-based developer purchased 51 acres of land in Sarasota County to build 360 apartments.

Continental 335 Fund LLC, an affiliate of Continental Properties Co. Inc., bought the land at Cattlemen and Procter roads for $8.5 million. Sarasota attorney John Meshad sold the land, records show.

Continental intends to begin its Springs at Bee Ridge within the month and move residents into the $50 million project by next summer, says company marketing manager Jean Jones.