South Bridge Apartments have new owner

Author: Share:

By Rachel Brown Hackney

On July 18, a Fort Lauderdale-based limited liability company, MRI South Bridge, paid $1,475,000 for the South Bridge Apartments at 1648 Redwood St. in Sarasota, Sarasota County Property Appraiser’s Office records show.

The 32,260-square-foot parcel has six buildings with a total of 13 dwelling units on it. The site is located in Pine Shores Estates between Beechwood and Elmwood avenues; it is just north of Stickney Point Road’s intersection with Avenue D.

The seller was Omega Investment Properties, which paid $1,450,000 for the property in early January 2005, the Property Appraiser’s Office records show.

The total taxable value of the property this year is $1,122,000, the records say.

The oldest two structures on the land — which are one story each — date to 1950. Three others, which are two stories each, were built in 1952. The last building was constructed in 1973, the Property Appraiser’s Office records note, and it has two stories, as well.

The registered agent for MR South Bridge LLC is Kevin M. Coffey of Fort Lauderdale, according to the Florida Division of Corporations. The manager of the company is William D. Evans Jr. of Littleton. Colo., the records noted. MRI South Bridge LLC was registered with the state on June 14.

In conjunction with the purchase, MRI South Bridge borrowed money from Guaranty Bank and Trust Co. in Denver, according to a mortgage filed with the Sarasota County Clerk of the Circuit Court and County Comptroller.

The registered agent for Omega Investment Properties is Susan L. Saltalamacchia, who has a Flamingo Avenue address on Siesta.

Siesta Sand
Author: Siesta Sand

Previous Article

Environmental issues

Next Article

If it looks like a boat channel…