Loading
SARASOTA —Construction has begun on a $64.5 million 55 and older community in Sarasota.
The Alloro at University Groves, which is on Broadway Avenue just off University Parkway, is a 183-unit development being built by New York developer The United Group of Cos.
United held a ceremonial groundbreaking Thursday Nov. 4, which it rechristened as a going vertical ceremony.
The luxury development, according to a press release announcing the groundbreaking, is made up of two buildings with one- and two-bedroom apartments, including seven two-bedroom penthouse suites. The apartments, which will range from 708 square feet to 2,228 square feet, come with screened-in lanais, nine-foot ceilings and, what the developer is calling, luxury finishes.
Alloro will also include a resort style pool, outdoor kitchen and a pickle ball and bocce court as well as a 15,210-square-foot clubhouse.
United, according to the release, has been in business since 1972 and has bought and managed over $3 billion in assets in that time, including more than 4,000 communities for senior citizens.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
