SAN FRANCISCO, CA – Paramount Group and SRE Group announced the official topping off of San Francisco’s only new ultra-luxury waterfront condominium tower, One Steuart Lane. Rising from one of the most premier sites on the West Coast and touting unobstructed views of San Francisco’s historic Bay Bridge and Ferry Building, One Steuart Lane reached its vertical height of 220 feet as the 20-tale, 120-unit tower continues to be developed as one of the last newly constructed residential buildings on San Francisco’s prized Embarcadero.
One Steuart Lane celebrates this significant milestone following a 2018 groundbreaking and ahead of an estimated 2021 completion date. Considered a once-in-a-lifetime, generational opportunity to own an iconic piece of San Francisco, the premier stone and glass building will redefine the city’s skyline while introducing a rare collection of elegant one- to three-bedroom ultra-luxury residences and private outdoor living spaces unlike any other in the city of San Francisco.
Featuring influential architecture and residential interiors by renowned architecture firm Skidmore, Owings & Merrill (SOM), with timeless public space interiors curated by Rottet Studio showcasing iconic European brands Molteni Group and LIAIGRE, One Steuart Lane exhibits a global level of sophistication. Meticulously designed to maximize bay views, the building draws inspiration from its natural surroundings using timeless, high-quality materials, captivating color palettes and intentional sustainable design. One Steuart Lane’s panoramic views, expansive terraces, and evocative light, color and textures make an unparalleled connection to the water’s edge, producing a new, superior level of California living.
“It has been an incredible journey realizing the architectural masterpiece that is One Steuart Lane,” said Chris Brandt, Senior Vice President of Asset Management, Paramount Group, Inc. “The project mirrors the city of San Francisco by being firmly rooted in a sense of place with effortless simplicity and authenticity. Future residents will envelop a stronger connection to the city and its bountiful surroundings in a way that will never be replicated.”
Unique to any residential building in San Francisco, One Steuart Lane’s exterior façade is made up of luminous solid Italian travertine stone and ultra-clear glass. Cantilevered cubes outline the building, intentionally stacked to preserve resident views and make a balance of lines, delivering unique layouts and terraces to residents. With its use of low carbon materials and minimally reflective glass allowing for abundant sunlight and reduced energy consumption, the building is plotting to become one of San Francisco’s only ultra-luxury residential buildings to hold a prestigious LEED® Gold certification.
“One Steuart Lane is one of the West Coast’s most incredible places to live,” said Craig W. Hartman, Senior Consulting Design Partner at SOM in San Francisco. “The architectural massing of the building, along with its unparalleled site delivers landmark qualities. We are immensely proud to reach this milestone and draw closer to unveiling one of San Francisco’s most iconic residential towers.”
One Steuart Lane’s exclusive residences range from approximately 839 to 3,000 square feet in size with penthouse residences up to approximately 6,200 square feet. Priced from approximately $1.6 million to over $10 million, the residences boast floor-to-ceiling glass windows and over nine-foot ceiling heights offering luxurious, yet understated, flexible indoor and outdoor spaces with breathtaking vistas of the landmark Bay Bridge, Alcatraz, Ferry Building and city’s vibrant art and culture scene. Unique to One Steuart Lane, a never-before-seen collection of 12 premier terrace residences are being sold offering sprawling 40-foot private wraparound terraces and towering sliding glass panels making seamless indoor/outdoor living spaces. Residences will feature Dada kitchens by Molteni Group with striking white marble island and kitchen counters complimented by platinum matte Dornbracht fixtures and a premier collection of Gaggenau and Miele appliances. Ultramodern, free-standing tubs and sleek Dornbracht platinum matte fixtures extend into the bathrooms complete with Dada custom cabinetry by The Molteni Group.
Future residents will delight in an expansive collection of amenities including a staffed lobby with 24-hour concierge and valet services and contemporary public spaces adorned with LIAIGRE pieces, meticulously curated by Rottet Studio. A flexible indoor/outdoor second floor residents’ lounge will be adjacent to a gourmet kitchen and dining room complete with a lush Terrace Garden and outdoor barbeques overlooking Cupid’s Span and the bay. Owners will also delight in a state-of-the-art indoor/outdoor Wellness Center which includes a gym, outdoor hot spa, Effegibi sauna and steam room, and state-of-the-art vertical shower system with massage jets and optional aromatherapy. At the ground level, a perfectly designed lobby experience will be offered alongside an approximately 4,500-square-foot retail space.
One Steuart Lane’s 5,000-square-foot Sales Gallery is now open and accepting private showings by appointment only. Interested buyers can browse captivating interactive visuals and an immersive right-to-life model residence featuring interior furnishings by LIAIGRE, and custom Dada kitchen and bathroom cabinetry from The Molteni Group.

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WEST DUNDEE, IL – Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, recently completed a brand-new senior living complex in suburban Chicago – located in West Dundee, Illinois. Offering affordable housing and a wealth of amenities, the 61 units at Spring Hill Senior Residences are designed for residents age 55 and up.
The Housing Authority of Elgin served as Gardner Capital’s development partner along with financial partners Fifth Third Bank and Raymond James; the Illinois Housing Development Authority is the permanent lender.
“We’re excited to complete Spring Hill Senior Residences, our first of multiple Projects that will be focused on various suburban markets of the Chicagoland area,” said Michael Gardner, President and CEO of Gardner Capital. “Affordable housing is sought after more than ever and we are proud of our commitment to developing more options for seniors seeking an affordable and well-designed place to live.”
Located at 969 W. Main St. across the street from the Spring Hill Mall, the one- and two-bedroom apartments are close to Route 72 and public transportation. Spring Hill Senior Residences, managed by Seldin, also feature a fitness center, community room, reading area, and full-size washer and dryer in each unit. Powers and Son Construction served as general contractor for the project.

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CARY, NC – Round Hill Capital, a leading global real estate investment, development and asset management firm, on behalf of the US Residential Income and Growth Fund (USRIG), has bought Cortland Cary, formerly Trilogy Cary, a multifamily apartment community located in Cary, North Carolina.
Cortland Cary is the latest acquisition in an ongoing program of investment in the U.S. by Round Hill Capital on behalf of the discretionary USRIG Fund, which targets and delivers access to defensive, garden style U.S. multifamily investments in the Sunbelt region of the U.S. for European institutional investors. USRIG is targeting to grow a significant multifamily housing portfolio, focused on stable, attractive and defensive income-producing assets in areas that will benefit from long-term appreciation.
This acquisition represents a continuation of Round Hill Capital s expansion into the U.S., which started in November 2018 with the acquisition of Cortland North Brookhaven in Atlanta, GA, which continues to perform strongly.
With a long-established international expertise in the multifamily sector, Round Hill Capital serves as investment manager of the USRIG Fund. The community and day-to-day operations of the fund s communities continues to be managed by a preeminent U.S. operating partner and their first-class local management teams.
Rental housing and especially more affordable, well-located multifamily housing assets in lower density U.S. cities in the Sunbelt region have proved to be resilient throughout market cycles. The residential sector features as one of the most defensive real estate asset types despite the uncertainty caused by the pandemic, and the target region is expected to outperform in recovery from the wider economic impacts.
Cortland Cary was completed in 2019. The community comprises 205 moderately priced multifamily units and attractive amenities including co-working spaces, entertainment lounge, fitness centre, yoga studio, a pool, balconies and dog park.
Cortland Cary is exceptionally well positioned in the Raleigh-Durham market with simple access to extensive business, commercial, educational, medical and leisure/entertainment facilities and significant employment hubs, with brilliant road, rail and airport connectivity.
Cary, North Carolina is centrally located between Raleigh and Durham, in the Research Triangle. The market benefits from a diverse and resilient economy, with high concentrations of technology, healthcare/medicine, education and research employment. The largest research park in the U.S., the Research Triangle Park, is located just north of Cortland Cary and is home to over 50,000 jobs and 200 companies. Furthermore, the nearby presence of large well-funded educational institutions such as Duke University, North Carolina State and the University of North Carolina provide a solid base of direct employment, related services, and a consistent flow of research funding from public and private sources. The area is expected to continue to benefit from the region s high demographic and employment in-migration, just as families and individuals seek the higher quality of life often found in lower-density, more affordable amenitized communities. The suburban setting allows residents to live closer to local facilities and high growth employment hubs in the Sunbelt. This migration is continuing to be accelerated by the impacts of the COVID-19 pandemic.
Rob Reiskin, Senior Managing Director, Head of Americas said: Even before COVID-19, there was a growing trend of demographic and employment migration to high growth employment hubs in the South East U.S. This trend has been accelerating since the pandemic, and with the growth of working from home and increasing economic uncertainty, it looks set to continue. We expect that our Cortland Cary investment and USRIG Fund will remain beneficiaries of these trends and we will continue to make further investments in well-located, high quality U.S. multifamily housing assets with our European institutional investors.
Michael Bickford, founder and CEO of Round Hill Capital, commented: We are pleased to offer our European investment partners the opportunity to invest with an experienced and responsible investment manager who is a leader in the U.S. and European accommodation sector with a deep understanding of residential markets, whilst partnering with an exceptional operator to help further drive value for residents and investors alike.

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