Real Estate Development
We have a passion for developing great communities for residents to live and work in.
Developing Great Communities
Successful property development is never just about bricks and mortar, or steel and glass. Experience shows that the vital component is always people. Having the right team sets the foundation for any development deal. Every deal is different, and we can act in a variety of roles; as a speculative developer, as the lead developer or in partnerships with builders, architects, and investors.
Conversions of Schools into Apartments
In the Spring of 2016, Sunrise along with development partners Design Logic Architects and JPM Contractors completed the conversion of a former Sand Lake school in Averill Park, NY into Homeroom Lofts, a modern and luxurious 35-unit apartment community (www.homeroomlofts.com). The renovation of the old school into an apartment community has created a stunning combination of original detail and modern amenities. Some of the units include an innovative sliding glass wall system designed to maximize space and flexibility as well as natural light. The community features nine-foot ceilings, oversized windows, and hardwood floors. The apartments appeal to modern sensibilities and include stainless steel appliances, stone countertops, period interpretive glass and ceramic tile bathrooms, and solar shade window treatments.
As the development team was in the planning stages of Homeroom Lofts, Sunrise started looking for other opportunities and learned about the vacant Draper school in Rotterdam. The vacant Draper school has repeatedly been vandalized and was an eyesore to the community. Through the architect’s expertise, he figured out how to get a rentable number of units into that space. The contractor came up with a construction budget and priced out the project. Sunrise Management & Consulting led the development team and provides property management. As with Homeroom Lofts apartments, Draper Lofts (www.draperlofts.com) has a variety of floor plans that use the architectural features inherent in a building of this age and style. Apartments take advantage of the design of the old school and some offer oversized windows, light-filled rooms, and high ceilings. Draper Lofts will include a clubhouse, fitness room, community courtyard, and laundry facilities. Draper Lofts opened its doors to its first residents in the Fall of 2017.
Ground Up Construction
When the Amedore Group decided to enter into multifamily real estate development, they sought a partner with experience in this arena and found Sunrise Management & Consulting. The Amedore Group used their 35 years of experience in creating distinctive homes and communities in the Capital Region to design plans for the new apartments. The companies partnered with Van Allen Apartments in North Greenbush (www.vanallenapartments.com), a 224 unit apartment community in North Greenbush, NY. The apartments are designed with luxurious amenities for both residents and their pets. The apartment community was the first in the region to earn the Humane Society of the United States’ Pets Are Welcome (PAW) designation. For more information on PAW and how Sunrise has rolled this out among its other apartment communities, click here.
After the partnership proved successful, Sunrise and the Amedore Group decided to partner on the development of a second apartment community: Carlton Hollow Apartments, a 55+ Community in Ballston Spa, NY (www.carltonhollowapartments.com) with a focus on fun and fitness year-round. Carlton Hollow Apartments will consist of three buildings with a total of 128 units, including one- and two-bedroom floor plans plus many exciting community amenities including an indoor pickleball court, sauna, indoor pool, billiard, movie room, beauty salon, and more. Carlton Hollow is expecting its first residents in May 2018.
There are always numerous projects in our pipeline, and we continue to pursue these incredible development opportunities. Contact us if you have a property to be transformed, or an interest to invest in a great community! Sunrise began as a third-party management company in 1998 and applied the company’s expertise in developing great communities from properties that were already built to taking a concept and making it into a vibrant community.