Ohio-based developer and manager of single-story apartment homes, Redwood Living, Inc., is off to an exceptionally strong 2023 with a number of new neighborhoods in development and recently opened throughout the Midwest and Carolinas. 

“We’re pleased with our strong trajectory through the first half of 2023,” said Steve Kimmelman, Chief Executive Officer at Redwood. “Our pipeline puts us on pace to achieve our goal of reaching 16,000 occupied apartment homes in our portfolio, bringing a much-needed approach to the multifamily industry that our markets are clearly embracing.” 

Redwood’s recently opened neighborhoods and those in development include:

Redwood Brunswick Hills

• Location: 4356 Red Ivy Drive in Brunswick Hills, Ohio
• Situated off Pearl Road and Sleepy Hollow with convenient access to nearby shopping and dining options. 
• Number of apartments: 103
• Number of floor plans: 5
• Square footage range: 1,294-1,620 
• Monthly rent: starts at $1,749
• Neighborhood website: Redwood Brunswick Hills

Redwood Charlotte Harris Houston Road

• Location: 5110 Red Alder Lane in Charlotte, N.C.
• This neighborhood is adjacent to the University of North Carolina campus and is located 16 miles from Downtown Charlotte. Residents will enjoy convenient access to some of Charlotte’s best commercial and entertainment destinations, including Concord Mills, PNC Music Pavilion, Charlotte Motor Speedway and several parks and golf courses.
• Number of apartments: 73
• Number of floor plans: 5
• Square footage range: 1,294-1,709
• Monthly rent: starts at $1,999
• Neighborhood website: Redwood Charlotte Harris Houston Road

Redwood Delta Township Willow Highway

• Location: 7877 Celosia Drive in Delta Township, Mich.
• This neighborhood is located near the corner of Willow Highway and Canal Street within close proximity to shopping, dining and entertainment options.
• Number of apartments: 87
• Number of floor plans: 6
• Square footage range: 1,294-1,620
• Monthly rent: starts at $1,799
• Neighborhood website: Redwood Delta Township Willow Highway

Redwood Kannapolis Parkway

• Location: 5476 Milestone Avenue in Kannapolis, N.C.
• Ideally situated within minutes of Oak Avenue Mall, Vietnam Veterans Park and Frank Liske Park, along with the region’s picturesque running and biking trails. Commuters will enjoy convenient access to downtown via Interstate 85 or Amtrak.
• Number of apartments: 159
• Number of floor plans: 7
• Square footage range: 1,294-1,709
• Monthly rent: starts at $1,999
• Neighborhood website: Redwood Kannapolis Parkway

Redwood Norton

• Location: 3599 Redwood Boulevard in Norton, Ohio
• Redwood Norton is ideally located near many points of interest, including Columbia Woods Park, Akron-Summit County Public Library, Summit Mall and the Montrose shopping area, as well as Akron-Canton Airport.
• Number of apartments: 174
• Number of floor plans: 4
• Square footage range: 1,294-1,620
• Monthly rent: starts at $1,799
• Neighborhood website: Redwood Norton

Redwood Oswego

• Location: 317 Madrone Drive
• 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.
• 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: starts at $2,200
• Neighborhood website: Redwood Oswego

Redwood Portage

• Location: 1201 Snowapple Avenue in Portage, Mich.
• Redwood Portage spans 18.5 acres at Lovers Lane and Centre, next to Celery Flats Historical Area.
• Number of apartments: 109
• Number of floor plans: 8
• Square footage range: 1,294-1,709
• Monthly rent: starts at $1,849
• Neighborhood website: Redwood Portage

Redwood South Lebanon

• Location: 4537 A Redhewn Lane in South Lebanon, Ohio
• Located at the southeast corner of Mason Morrow Milgrove Road and Sutton Drive within close proximity to retail, dining and Kings Island.
• Number of apartments: 110
• Number of floor plans: 7
• Square footage range: 1,294-1,710
• Monthly rent: starts at $1,899
• Neighborhood website: Redwood South Lebanon

Redwood Troutman

• Location: 145 Macel Drive in Troutman, N.C.
• Ideally located near recreational offerings such as Alex Cooper Park, Lake Norman State Park and Kids@Play, along with several retail destinations.
• Number of apartments: 96
• Number of floor plans: 6
• Square footage range: 1,294-1,709
• Monthly rent: starts at $1,674
• Neighborhood website: Redwood Troutman

Redwood Troy Arthur Road

• Location: 1030 Office Redharvest Drive in Troy, Ohio
• Number of apartments: 130
• Number of floor plans: 8
• Square footage range: 1,294-1,709
• Monthly rent: starts at $1,699
• Neighborhood website: Redwood Troy Arthur Road

Redwood Vandalia

• Location: 7212 Redwood Forest Drive in Vandalia, Ohio
• Situated within minutes of popular city amenities, such as Charleston Falls Preserve, Benchwood Station, Montgomery County Bark Park and the city’s state-of-the-art recreation center.
• Number of apartments: 171
• Number of floor plans: 7
• Square footage range: 1,326-1,620
• Monthly rent: starts at $1,799
• Neighborhood website: Redwood Vandalia

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, Marl Flat Forest Preserve, Volo Sledding Hill, Singing Hill Forest Preserve and Jurassic Gardens.
• Number of apartments: 132
• Number of floor plans: 6
• Square footage range: 1,294-1,620
• Monthly rent: starts at $2,350
• Neighborhood website: Redwood Volo

Redwood continually plans for strategic expansions, and the current pipeline is robust, with multiple new neighborhoods scheduled to open by the end of the year as well as additional phases in existing neighborhoods. 

“As we look toward the next six to 12 months, the Chicagoland and Omaha areas will be geographic focuses and we anticipate continued leasing momentum and new development accordingly,” said Kimmelman.

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 individual street addresses. Redwood apartment homes include 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 16,000+ apartment homes and manages 130+ neighborhoods throughout the Midwest and Carolinas and continues to expand. Accredited investors interested in passive investing and build-to-rent investment opportunities can work with Redwood’s dedicated Investor Relations team to find out if a Redwood project makes sense for their portfolios. Click to explore current deals, learn more about Redwood’s approach to multifamily real estate investing, or contact our team directly for more information about Redwood’s equity program.