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Fri., Jul. 11
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Apartments’ developer buys property on Route 3

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The developer of a 394-unit apartment complex on County Route 202 in the town of Watertown has acquired road frontage on Route 3.

Tnara Route 3 LLC, Pittsford, an affiliate of Morgan Management LLC, has bought 2.3 acres of property from Thirty One Development LLC, Alexandria Bay, for $400,000, according to Jefferson County property records.

Thirty One Development had bought the property in December from William S. and Vicki A. Tarant, Tulsa, Okla., for $135,000. Tnara, based in the Rochester area, also acquired an adjacent smaller parcel from Toped Development LLC, Alexandria Bay, for about $100,000.

Developer P.J. Simao, who is principal of Thirty One Development and Toped, said there is no planned use for the properties, although it will give Tnara access to Route 3 if needed in the future. The property is adjacent to a 57-acre parcel another one of Mr. Simao’s companies, Route 57 Development LLC, sold to Morgan as the primary site of its apartment complex, which is under construction.

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