Developer buys Sarasota site for $9M, plans 180-unit apartment complex

The property near University Parkway is approved for and ready to be developed into a five-story apartment building.

Alabama developer buys property near University Parkway already approved for and ready to be developed into a five-story apartment building. (courtesy photo)
Alabama developer buys property near University Parkway already approved for and ready to be developed into a five-story apartment building. (courtesy photo)
  • Manatee-Sarasota
  • Share

An Alabama apartment developer has bought an 8.5-acre parcel in Sarasota approved for a five-story, 180-unit multifamily complex.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • March 24, 2026
Saks changes its mind: Sarasota-UTC store will remain open
  • March 24, 2026
233 acres in Charlotte County sold to Amazon
  • March 24, 2026
Sarasota angel investors back local software startup
  • March 24, 2026
Wealth management firm relocates in Lakewood Ranch

Sponsored Content