Georgia developer buys Punta Gorda land with plans to build apartments

A 31-acre parcel of property in Punta Gorda has been sold to an Atlanta developer that plans to build 270 apartments on the site.

The Novare Group, which paid $3.2 million for the property at 24750 Sandhill Blvd., is expected to begin construction on the complex in August.  

Mike Migone, who handled the sale of the land for SVN Advisory Group, says in a statement that the complex will help address a growing need for housing in the area, a problem made worse by fast growth.