The Collier Companies brings a new multifamily community to Fruitville Road east of Interstate 75.
One of the largest developers and operators of multifamily apartment homes in Florida has entered the Sarasota market with the cash acquisition of an approximately 14 acre-development site. The Collier Companies, a Gainesville Florida based owner, operator, and developer, acquired the vacant parcel immediately east of the interchange of Fruitville Road and Interstate 75 for $5.4 million.
The Collier Companies plans to build 300 apartment homes to help meet Sarasota’s growing demand. The acquisition will help the company expand its footprint in Florida, where it owns the majority of its multifamily housing inventory of over 11,000 apartments homes in nearly 50 communities. The Collier Companies plans explosive growth and considers Sarasota one of its key markets.
Nathan S. Collier Founder and Chair says, “The Collier Companies is committed to doubling in size in the coming decade which will place The Collier Companies in the Top 50 Apartment Owners in America. Privately owned and self-funded, The Collier Companies prides itself on its dedication to stewardship and its perpetual hold period.”
“We are thrilled to have entered a market where our contribution will make a difference to families and professionals looking for a location with easy access to I-75 and minutes away from The Mall at University Town Center, downtown Sarasota, and the Gulf beaches,” said Shannon Lee, The Collier Companies’ Executive Vice President of Development.
The Collier Companies is one of the most active multifamily developers in Florida. The company recently broke ground on BLVD 2600, a 336-apartment home community in Apopka-Maitland, and also plans to break ground late Fall 2021 on Hawks Mill, a 336-apartment-home community in Port Orange. In addition, the company just completed and opened The Atlantic, a 310-apartment community in Port Orange. The Collier Companies currently has future development sites in Fort Myers and Pompano Beach.
“The Collier Companies benefits from an almost 50-year successful track record along with our ability to close fast and our deep relationships with market leaders,” said Jennifer Clince, The Collier Companies’ CEO.
About The Collier Companies
Headquartered in Gainesville, Florida, The Collier Companies is a privately held owner-operator of $2 billion of real estate in Florida, Georgia, and Oklahoma. The Collier Companies portfolio is comprised of over 11,000 apartments homes. Founded by Nathan Collier in 1972, The Collier Companies is unique in its dedication to its Communities, Customers and Team Members as evidenced by its highly unusual perpetual hold period. The Collier Companies success can be attributed to our strong culture and a base of team members who believe in upholding entrepreneurial energy and a life devoted to learning. For more information visit our website at http://colliercompanies.com.
