126-Unit To Provide Affordable Housing Options At 1651 West Price Boulevard, North Port, FL, 34286 In Sarasota County

A new residential housing complex is coming soon to Sarasota County. Named “Palm Port Apartments,” the 126-unit development will feature both affordable housing units and units at market rate. Construction began on the multi-million-dollar project in the third quarter of 2020 and will conclude in December 2021.

The project’s conceptual renderings show six low-rise buildings measuring anywhere from two to three stories above grade. Residents can choose from four one-bedroom units, 72 two-bedroom units, and 50 three-bedroom units. The development itself rests on 8.44 acres of land.

Per the Sarasota Herald-Tribune, the complex is the first affordable housing endeavor in the area since 2005. Scott Seckinger, a representative of Southport Financial Services, Inc. (the project’s owner), anticipates that the development will maintain its affordable housing status for at least 15 years. After that, it could be subject to at-market rates.

A second 132-unit complex could accompany Palm Port Apartments in the future, pending funds

The project’s goal is to address the high cost of living in Sarasota County. According to Data USA, North Port’s median income is about $62,000 a year. Anyone who falls outside of these parameters could have a hard time securing housing in the area. ABC 7 reports that 90 percent of Palm Ports Apartments’ affordable housing units are geared toward those making less than $20,000 a year.

Palm Port Apartments’ location is 1651 West Price Boulevard, North Port, FL, 34286.

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