Utah developer buys Manatee land, building 210 apartments


  • By Louis Llovio
  • | 12:25 p.m. December 17, 2024
  • | 0 Free Articles Remaining!
A Utah developer bought 7.64 acres in Manatee County and plans to build 210 apartments.
A Utah developer bought 7.64 acres in Manatee County and plans to build 210 apartments.
Image courtesy of SVN Commercial Advisory Group
  • Manatee-Sarasota
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The Lotus Co., a Salt Lake City multifamily developer, has bought nearly 8 acres on University Parkway and plans to build 210 units on the site.

The Manatee County site, not far from the UTC retail and entertainment district, and sold for $6.5 million.

According to the SVN Commercial Advisory Group, the sellers were Suhail and Janet Khoury of Sarasota.

 

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