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David Dixon, gentoo's director of customer services, said the company had designed the apartment complex so people would mix rather than living in isolation as in other developments.
But Mr Dixon said the projects were flourishing and schemes had been introduced to help the company cope with the struggling housing market.
Mr Dixon added that the "gentrification" of Sunniside was putting the emphasis back on the old city centre. He said: "The city centre traditionally started off here and historically everything centred around here. This was basically the high street, then everything moved up. Now it's coming back down. It's gone full circle."
Margaret Fay, chairwoman of development agency One North East, officially opened the 11 storey building which houses 54 luxury apartments and a bowling alley at the weekend.
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"All our city centre apartments are occupied now. Despite the recession, people still need to find somewhere to live and we're flourishing," he said.
which each come with two parking bays.
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Peter Walls, chief executive of gentoo, said the River Quarter had been "a long time in the making" and there were many people who had to be thanked for their involvement in the completion of the development.
Twelve of the apartments have now been taken and gentoo is showing other potential tenants and buyers around.
The development is mainly made up of two bedroom properties, with some one bedroom units and two penthouse apartments Michael Kors Ipad
The not for profit firm, which was set up to take over the running of Sunderland's social housing, has been criticised in the past for its commercial city centre apartment projects, including the Old Post Office building and Mowbray Apartments.
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'Gentrification' of Sunniside moves closer with new River Quarter complex
Critics said there were too many city centre apartments and new ones were being built while others were still empty and unsold.
Mr Dixon said the apartments Jet Set Michael Kors Handbag
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The sale price of the River Quarter apartments starts from 145,000 and goes up to 280,000 for the penthouses.
The official opening on Saturday also saw 50 contestants taking part in a "Live the Dream" competition to win a year's free rent in one of the apartments, and the winner was being announced today.
The nine storey complex includes communal gardens and each of the 54 units has its own parking bay.
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There is also a "rent to buy" scheme where tenants can move in and their rent accumulates into a deposit for them to use to buy their apartment.
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were also being offered for "market rent" at between 550 and 1,250 per month.
Residents have started moving in to gentoo's 10million River Quarter leisure and apartment complex in the historic Sunniside area of the city centre.
He said: "The market has turned against everyone. But we haven't built this just to be here for two years. The markets will recover and will get better."
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Mr Walls admitted that the opening of the apartment complex had come at a bad time in terms of the housing market, but was confident it would prove a success.
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