A new 21-storey luxury residential development, 16 Alexander Tower, is under construction in Ikoyi, Lagos, with a scheduled completion date by December 31, 2027. The project, managed by a team including Cappa and D’Alberto, features 52 apartments, extensive wellness amenities, and sustainable infrastructure such as on-site water and sewage treatment. Developers are positioning the site as a premium investment opportunity, emphasizing rigorous structural engineering and safety standards to meet the growing demand for high-end real estate in the area.