JWB Real Estate Capital President Alex Sifakis is developing the Ashley Street Container Lofts.
Work continues on the Ashley Street Container Lofts project Downtown at 412 E. Ashley St.
The kitchen is connected to the living area.
The living room and kitchen area inside a completed model unit.
A bedroom inside one of the loft apartments.
The bathroom.
The units feature granite countertops.
The laundry area inside the unit.
Units in the three-story, $1.7 million project in Downtown’s Cathedral District will be completed by the end of 2020.
JWB Real Estate Capital President Alex Sifakis said nine of 18 apartments in the company’s Ashley Street Container Lofts project will be short-term rentals.
During a tour of the 412 E. Ashley St. construction site Oct. 20, Sifakis said JWB will reserve half of the retrofitted shipping containers as Airbnbs based on market demand. A search of the Airbnb.com website shows no available units in the Downtown urban core.
JWB and project contractor ShayCore Enterprises Inc. expect to receive another delivery of partially built-out container apartments Oct. 21.
The first container shipment arrived Sept. 18 and a third is planned later this fall.
Units in the three-story, $1.7 million project in Downtown’s Cathedral District will be completed by the end of 2020, Sifakis said. JWB has moved up the completion timeline from the first quarter of 2021.
Construction costs for each container apartment is about $90,000, Sifakis told the Daily Record in August. Rent will be $700-$800 a month and JWB plans to start leasing in November.
A fully furnished 320-square-foot model unit on the site features a full washer and dryer, a galley kitchen with granite countertops, a full bathroom with a shower and a separate bedroom and living space.
The completed unit is on the first floor and Americans with Disabilities Act compliant. The second- and third-floor units will have an outdoor balcony and an added closet, Sifakis said.
They are accessible by exterior stairs.
Fisher Koppenhafer Architecture Interior Design is the architect.
Plans call for the west exterior wall of the apartments to feature a mural. There will be a courtyard-patio area between the containers and bike racks.
