Homestead Apartments

Energy-efficient affordable living in a park-like setting

Built in the early 1980s, Homestead North and Homestead South were well located communities south of Seattle that were at risk of being converted to market-rate housing. Redwood developed a preservation and redevelopment plan to revitalize the properties, which included full interior and exterior upgrades combined with a comprehensive energy efficiency program, including a solar photovoltaics system and energy efficient appliance and fixtures. The redevelopment also included park-like features to enhance the well-being of residents, including playgrounds, garden areas, picnic tables and benches.

Featured Properties

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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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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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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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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