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3/20/17
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Sanderson J. Ray Development has broken ground on The Westerly, a new Class A luxury apartment development located on the southwest corner of Main St and Jamboree Rd in Irvine. The development marks Sanderson J. Ray’s first large-scale luxury apartment complex.
The Westerly is located on a five-acre parcel within the Irvine Business Complex. The completed project will include 388 modern luxury apartment units with a roof-top deck lounge and access to private community pools. Some of the features include a rooftop sunning pool, outdoor lounges, and a private residents lounge with full bar. The gated building features a tree-lined entry featuring upscale landscaping and countless styled retreats.
Dallas Texas-based Streetlights Residential is the general contractor and co-developer with Sanderson J. Ray Development. Architects Orange is the chief architect on the project. Construction on the site officially began in November 2016 with completion estimated for January 2019.
Timothy R. Hawthorne with Hawk Holdings acted as the capital advisor to Sanderson J. Ray Development on the overall transaction structure. Hawk was also responsible for securing the equity partner. The construction and permanent financing was provided through Quadrant Real Estate Advisors.
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