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

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 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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Civic Towers

Miami, Florida

Originally constructed in the 1980s, Civic Towers and Civic Towers Senior were neglected and in need of meaningful capital investment. Redwood developed a comprehensive redevelopment plan, inclusive of an entirely new facade, to preserve and upgrade these critical community assets.

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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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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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