Brook Farm Group starting construction on multifamily project
Brook Farm Group announced plans to develop The Sinclair at Ellenton, a 217-unit Class A, garden-style multifamily community in a fast-growing, “path of growth” corridor in the Sarasota-Bradenton MSA. The Atlanta-based firm is partnering with First Horizon Bank as the construction debt provider and Fundrise as its preferred equity partner, with Brook Farm Group providing the common equity to complete the capitalization. BFG worked with Patterson Real Estate Advisory Group to secure the debt and preferred equity financing for the project.
The development is being constructed on a 13.92–acre site at the intersection of U.S. 301 and 96th Ave. in Ellenton, FL, offering direct access to I-75 and I-275 and the strong regional employment centers in the Sarasota-Bradenton and Tampa-St. Petersburg MSAs. The property is just north of Lakewood Ranch and east of Bradenton in rapidly growing Manatee County.
“We are excited to expand our presence in the Florida market in this unique location that is experiencing considerable population growth and demand for modern, upscale rental housing,” said Peter DiCorpo, Chief Operating Officer, Brook Farm Group. “This community is in an established residential area with great retail options, top-notch schools and unparalleled access to multiple employment centers.”
The general contractor, Fortune Johnson, plans to begin construction immediately and first units are expected to be available for occupancy in early 2027.
The Sinclair at Ellenton will include two, three-story buildings and three, four-story buildings with enclosed, conditioned corridors and bright, open-concept floor plans that complement today’s lifestyle trends. The average unit size will be 941 square feet and apartments will include gourmet kitchens, stainless steel appliances, large kitchen islands with bar seating, terraces, and balconies. There will also be 97 garages designed in a “tucked under” layout beneath the residential buildings providing direct access to residents.
“The Sinclair at Ellenton reflects BFG’s continued focus on developing high quality rental communities in ‘path of growth’ Sunbelt markets,” said Eric Hade, Brook Farm’s Chief Investment Officer. “Along with a premier location, the new community will feature a blend of amenities catering to residents seeking a more boutique, upscale living environment.”
Community amenities will include a resort-style, zero entry, saltwater pool with cabanas; a stand-alone clubhouse; a 24-hour fitness center that will offer a yoga studio with group fitness and personal workout rooms; along with a co-working space, a conference room, a game area, and electric vehicle charging stations. There will be plentiful exterior recreation spaces with private grills and seating, a dog park, and a putting green.
The project offers convenient access to major employment hubs throughout central southwest Florida, including Sarasota, Bradenton, St. Petersburg, and Tampa. The area is home to a number of major employers, including FCCI Insurance Group, Northwestern Mutual Suncoast, PGT Innovations, Sarasota Medical Center, Sun Hydraulics Corp., and Tropicana Products.