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

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 Porter

Lansing, Michigan

The Porter, a 100-year old historic landmark located a few blocks from Michigan’s Capitol, was in need of meaningful capital investment. Redwood collaborated with the local community to sponsor a comprehensive renovation to preserve and revitalize this historic landmark.

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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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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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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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