The partnership of Ailanthus, BEB Capital and SK Development revealed new project renderings for One Sunset, a 193,000-square-foot, 14-story, 187-unit mixed-income housing and retail development located at 201 E. 25th St. in Brooklyn’s Sunset Park neighborhood. To accompany the release of the new imagery, One Sunset’s teaser website has launched.
“We are thrilled to unveil this ‘first look’ at One Sunset, our new mixed-income project as it draws closer to the launch of leasing,” said Vivian Liao, principal of Ailanthus. “This transformative project will deliver a dynamic living experience for all of its residents and ground-floor retail that will benefit the greater Sunset Park community.”
Designed by dencityworks | architecture and featuring interiors by Alchemy Studio, One Sunset will deliver 187 mixed-income units. Forty-six of the building’s units are designated as permanent affordable housing. Marketing for the One Sunset affordable units will be led by project partner Fifth Avenue Committee and launch this summer.
Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...
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Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...
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Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...
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