Wallenstam announced its new construction Ädellövet started on May 16, 2023 when Karin Wanngård, Commissioner of Finance of the City of Stockholm and Hans Wallenstam, CEO of Wallenstam, unveiled the Drevvikens Kryp Inn insect hotel. This is a symbol of the construction start of the 172 rental apartments along Drevvikens strand in Larsboda, Farsta. The area is located close to a lake and future residents will be able to enjoy an uninterrupted waterfront walk including bathing jetties and proximity to nature as the waterfront area is being turned into a public park.

The apartments will range in size from studio to 3 bedrooms and will be spread among four building bodies. The Kvarter Ädellövet project has been designed by Semrén & Månsson and will be constructed by Tornstaden. Wallenstam is one of several active construction companies in the area, which is planned to comprise a total of 480 apartments and that will feature mixed-use development.