Admiralty Apartments

Restoration of a historic landmark on Port Townsend Bay

Admiralty Apartments was built as the Central Hotel in 1874 and operated for almost 100 years prior to being converted to mixed-use affordable senior housing in 1972. The property was subsequently partially condemned after storms damaged its structure, which displaced half of the property’s residents. Redwood sponsored an environmentally conscious, historically significant redevelopment to preserve and resuscitate this historic landmark.

The redevelopment included extensive repairs to the property’s structure – including rebuilding the pilings and brick masonry façade – a complete modernization of all apartments and common areas, including new historically compatible windows, a solar photovoltaics system, energy efficient appliances and fixtures, and a new service coordinator office where programs were established to improve health, wellness and financial literacy.

Featured Properties

Hausten Gardens

Honolulu, Hawaii

Hausten Gardens, a mid-rise affordable senior community located near Waikiki Beach, was at risk of being converted to market rate housing. Redwood collaborated with a local partner to preserve and meaningfully improve the community as high-quality affordable housing.

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The Winthrop

Tacoma, Washington

The Winthrop, a mixed-use historically significant former hotel in Tacoma, was on the verge of failure after prior ownership filed for bankruptcy. Redwood sponsored a comprehensive, historically significant renovation that restored the former luxury hotel into high-quality affordable housing.

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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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