Terracap is in the process of obtaining entitlements for multifamily complex at Bee Ridge and Mauna Loa just east of I-75 in Sarasota.
The project will consist of 3 residential five storey buildings consisting of 223 – 270 units.
The property is located a half-mile east of the Interstate 75 interchange in Sarasota, Florida. The property has direct frontage on Bee Ridge Road, a major east-west arterial providing access to Interstate 75 and US Highway 41. The property is one of a few limited parcels of land in the growing commercial area available for development.
The area is a quiet enclave of residential homes and a perfect infill opportunity.