Skip to site menu Skip to page content

Daily Newsletter

09 December 2024

Daily Newsletter

09 December 2024

Redwood Living commences construction of residential project in Ohio

Redwood Amherst is set to roll out in two phases, with the first phase expected to open in early 2025.

Vasanthi Vara December 09 2024

Redwood Living has commenced construction on Redwood Amherst, a new neighbourhood featuring single-storey apartment homes within Sandstone Development, a planned development district in Amherst Township in Ohio, US.

This project aims to provide a residential rental option featuring single-storey layouts and private entrances.

Redwood Amherst is set to roll out in two phases. The first phase will feature 153 apartment homes, with the first residents expected to move in by early 2025.

Following that, the second will introduce an additional 52 units, although the timeline for this expansion is yet to be confirmed.

The homes will offer seven different floor plans, primarily consisting of two bedrooms and two bathrooms.

Redwood VP of property operations Taylor Haley said: “Redwood Amherst will deliver all the signature design elements and amenities that residents across Ohio have come to love about the Redwood brand.

"But we are also incorporating a few new design elements at this neighbourhood, including a one-bedroom option along with some upgraded finishes inside and out.” 

Redwood's apartment homes differ from traditional complexes by offering open floor plans, attached two-car garages, and individual street addresses.

The units range from 896ft² to 1,620ft², with monthly rents starting at approximately $2,000 for one-bedroom apartments and $2,199 for two-bedroom units.

Each apartment at Redwood Amherst will include a eat-in kitchen with a pantry, vaulted ceilings, and extra living space adaptable for various uses.

Additional amenities will include full-size appliances, washer and dryer hookups, closets, upgraded finishes, personal patios, pet-friendly accommodations, and professional on-site management and maintenance teams.

The location at 1120 Red Thimbleberry Drive offers easy access to Sandstone Development’s retail options and the Dolyk Wood Nature Preserve.

It is conveniently situated south of the Ohio Turnpike and east of Route 58 off Oberlin Road.

Last year in October, Redwood Living commenced construction on its first new apartment neighbourhood in Nebraska, US.

The development, named Redwood Bellevue South 25th Street, will feature 131 single-storey apartment units, with sizes ranging from 1,294ft² to 1,620ft². The project is set for completion by 2026.

Redwood has developed over 18,000 apartment homes and manages 150 neighbourhoods across the Midwest and Carolinas.

China Construction Market Overview

GlobalData estimates the Chinese construction industry to record a growth in real terms of 2.9% in 2024, supported by investment in the infrastructure, and energy sectors. In October 2024, the government announced plans to allocate CNY200 billion ($27.9 billion) for major construction projects to support the country’s economy. However, a continued weakness in the residential sector and a fall in FDI and real-estate investment are expected to pose downside risks in the short to medium term.

China Construction Market Overview

GlobalData estimates the Chinese construction industry to record a growth in real terms of 2.9% in 2024, supported by investment in the infrastructure, and energy sectors. In October 2024, the government announced plans to allocate CNY200 billion ($27.9 billion) for major construction projects to support the country’s economy. However, a continued weakness in the residential sector and a fall in FDI and real-estate investment are expected to pose downside risks in the short to medium term.

China Construction Market Overview

GlobalData estimates the Chinese construction industry to record a growth in real terms of 2.9% in 2024, supported by investment in the infrastructure, and energy sectors. In October 2024, the government announced plans to allocate CNY200 billion ($27.9 billion) for major construction projects to support the country’s economy. However, a continued weakness in the residential sector and a fall in FDI and real-estate investment are expected to pose downside risks in the short to medium term.

China Construction Market Overview

GlobalData estimates the Chinese construction industry to record a growth in real terms of 2.9% in 2024, supported by investment in the infrastructure, and energy sectors. In October 2024, the government announced plans to allocate CNY200 billion ($27.9 billion) for major construction projects to support the country’s economy. However, a continued weakness in the residential sector and a fall in FDI and real-estate investment are expected to pose downside risks in the short to medium term.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close