The Winthrop

A vintage hotel preserved and revitalized for affordable living

Originally constructed in 1925 as a luxury hotel, The Winthrop was on the verge of failure in 2015 after prior ownership filed for bankruptcy. With the support of the local community, Redwood developed a comprehensive, historically significant preservation and revitalization plan that preserved the former hotel as high-quality affordable housing. The redevelopment included the restoration of historic artifacts, new historically compatible windows, the replacement of failing systems, seismic upgrades, elevator modernizations, security improvements, full unit renovations, and an all-inclusive modernization of common areas, including the historic lobby and Crystal Ballroom. Additionally, new service coordination programs were established to support resident needs.

Featured Properties

Jaycee Towers

Dayton, Ohio

Jaycee Towers, a high-rise affordable senior community located near downtown Dayton, was at risk of being converted to market-rate housing and in need of a modernization. Redwood sponsored a community focused preservation to revitalize the property as high-quality affordable housing.

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The Presidio

San Clemente, California

The Presidio, a three-story senior community located in a high-demand, supply-constrained market, was at risk of being converted to market-rate housing. Redwood sponsored an amenity rich, environmentally focused renovation that preserved the property as high-quality affordable housing.

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Homestead Apartments

King County, Washington

Built as affordable communities south of Seattle, Homestead Apartments was at risk of being converted to market-rate housing. Redwood sponsored an environmentally and community focused redevelopment that revitalized the communities as high-quality affordable housing.

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Admiralty Apartments

Port Townsend, Washington

Admiralty Apartments, a mixed-use historically significant property on Port Townsend Bay, was partially condemned after storms damaged its structure. Redwood sponsored an environmentally focused redevelopment that included rebuilding the property’s pilings and brick masonry façade.

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Royal Palm Gardens

Fort Myers, Florida

Originally built in 1970, Royal Palm Gardens was neglected and in need of a significant capital investment. Redwood developed a comprehensive redevelopment plan, inclusive of building a new community center, to restore the property as high-quality affordable housing for decades to come.

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