Kairoi Residential, a leading multifamily investor, has recently acquired a prime property for its next project. Despite encountering some challenges with an existing condominium complex on the site, Kairoi successfully acquired each condo over the course of two years and completed the process in fall 2023.
The company is now moving forward with plans to construct an eight-story residential tower north of Knox Street. The previous two-story condominium was demolished earlier this year and will be replaced by Highland Oaks – a 265,000-square-foot property featuring 223 units. This modern community will offer amenities such as a work-from-home lounge, yoga lawn, elevated cocktail patio, wellness studio and rooftop pool at an estimated construction cost of $46 million.
Since its formation in 2003 by experienced partners who have transacted approximately $9.7 billion across 65
