New Housing Planned for Sunnybrook

City Council will consider a request by SUN Investors, LLC for prior approval of property tax exemption for a major new apartment development in the Sunnybrook area on Monday. The Summit at Sunnybrook Village, a 225 market rate apartment home development, will be the first phase of a major new mixed use commercial, office and residential development planned for the northeast corner of Sunnybrook Drive and Christy Road. The new class “A” master-planned development will include a number of amenities such as a resort-style swimming pool, clubhouse and fitness center.

Located across from the new UnityPoint Health’s Sunnybrook Medical Plaza, the class “A” property will offer the community a new housing option in the fast-growing Sunnybrook retail area. The project will consist of eight buildings – 3 with 25 units and 5 with 30 units - located on 13.5 acres. The estimated cost of construction is $20,000,000.

Alex Perry, Director of Development with SUN Investors, LLC said, “Perry Reid Properties is excited to bring a new living option to Sioux City. The support from the city has been instrumental in making this project a reality.”

“We are pleased to see this new market rate housing project built in Sioux City,” said Mayor Bob Scott. “This development will help accommodate our increased workforce due to recent company expansions and the growing need for new housing in the city.”

Construction is anticipated to begin in August 2015 with first lease-up taking place in June 2016.

Perry Reid Properties has developed a number of multi-family apartment projects in Iowa and Nebraska, including current construction of 267 class “A” units in West Des Moines. For additional project information contact Alex Perry with Perry Reid Properties at 402-488-1666 ext. 137 or visit their website at www.perryreid.com.

Partial property tax exemption for new housing is available under the city’s urban revitalization program. Visit www.sioux-city.org/neighborhood-services for more details.