December 22, 2014

Medina
Intermittent clouds
40°F
 

Luxury apartment demand growing

Allison Wood | The Gazette

BRUNSWICK HILLS TWP. — Despite the slowdown in the residential building market, demand for new luxury apartments is high, said Jeff Ondo, regional manager for Redwood Management Co., which is developing properties in Medina County along with Pride One Builders.

“Our product is unique; we’re filling a niche,” Ondo said. “Demand has exceeded the speed that we can build.”

To keep up with demand, Ondo said a 120-unit development will be constructed this year off state Route 3 in Montville Township. Crews also are finishing the second phase of units in the Plum Creek development on Marks Road north of state Route 303.

At more than 1,300 square feet, the one-floor units in the Plum Creek development look like condos or cluster homes. All have two bedrooms and two bathrooms, enclosed garages and back patios.

“People don’t realize they are apartments you can rent,” Ondo said.

Redwood Management has 16 apartment developments in northern Ohio, including Plum Creek and Stoney Run in Brunswick Hills.

Ondo said the company successfully has filled developments in smaller cities like Wooster and in metropolitan areas such as Toledo.

The Plum Creek apartments are similar to what will be built in Montville Township. The new apartments will be known as Trails of Montville, and Ondo said he hopes to finish construction of the first phase by October.

He said those who have been the most interested in the apartments are empty-nesters who want the living space on one floor and professionals who do not want to worry about maintenance.

The rental price for Plum Creek and Trails of Montville units start at around $850 a month, Ondo said.

For information about Plum Creek, call (330) 273-0950, and (330) 421-3535 for the Trails of Montville development.

Contact Allison Wood at (330) 721-4050 or allisonwood@ohio.net.