Redwood expands across Greater Chicagoland with two new apartment neighborhoods
Redwood's remarkable growth continues in the Chicago market with two more neighborhoods.
Ohio-based developer and manager of single-story apartment homes, Redwood Living, Inc., is building on its residential offerings across Chicagoland, adding 319 apartments in two new neighborhoods.
“On the heels of welcoming Redwood’s first Chicago-area neighborhood in Lockport, we are thrilled to enter two new communities and offer residents a unique and remarkable rental experience,” said Steve Kimmelman, CEO at Redwood. “We are confident that the growing populations of Volo and Oswego will embrace Redwood’s single-story approach to apartment living and find these new residences fill their complete lifestyle needs.”
Redwood’s two new area neighborhoods include:
Redwood Volo
Location: 901 Wood Rose Drive
This neighborhood is located at the northeast corner of N. Ellis Drive and N. Gilmer Road, offering convenient access to local shopping and dining establishments, as well as Wauconda Area Public Library and River East Public Library. Residents can also enjoy nearby Fish Lake Beach, Marl Flat Forest Preserve, Volo Sledding Hill, Singing Hill Forest Preserve and the Volo Antique Auto Museum/Jurassic Gardens.
Property acreage: 32.2
Number of apartments: 132
Number of floor plans: 6
Square footage range: 1,294-1,620
Monthly rent: $2,349-$2,900
Timing: The first residents are currently moving in
Redwood Oswego
Location: 317 Madrone Drive
Ideally situated at the southeast corner of Orchard Road and Mill Road near Oswego Village Square Park, Washington Park and Wormely Heritage Park, Little Hite School Museum, Fox Bend Golf Course and Prairie Point Community Park.
Property acreage: 25.8
Number of apartments: 103 in Phase I and 84 in Phase II
Number of floor plans: 5
Square footage range: 1,294-1,620
Monthly rent: $2,200-$2,700
Timing: The first residents are expected to move in this fall -- Phase II is expected to open Summer 2025
Unlike traditional apartment complexes, Redwood’s signature design feels more like a single-family home thanks to the single-story floor plans, attached garages and private entrances with dedicated street addresses. Every Redwood apartment home includes two bedrooms and two bathrooms along with a two-car attached garage complete with ample storage.
Additional advantages that come with living in a Redwood apartment include spacious eat-in kitchens with large pantries, open floor plans, large closets, washer and dryer hookups, full-size appliances, vaulted ceilings, bonus living space, personal patios and pet-friendly accommodations, among others.
Redwood has developed and manages more than 15,000 apartment homes in 120+ neighborhoods throughout the Midwest and Carolinas, with more Chicagoland projects on the horizon.
For more information about investment opportunities in the Greater Chicagoland area or across Redwood's Midwest portfolio, contact our dedicated Investor Relations team or call (216) 360-9441.
Talking Tours: Apartment Residents Credit In-Person Visits as Major Factor in Deciding Where to Live
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