Apartment buildings “Cannery Row”, Sherwood, Oregon (USA)
Sherwood is an affluent suburb of Portland with a high level of average household income. The city has a steady demand for rental apartments, which cannot be met by the mostly aged inventory of apartments available in the market place. Sherwood benefits from the employment pool of the Portland metroplex including Intel, Daimler, Nike, Adidas, Puma, etc. Also, extensive retail, the George Fox University, the University of Phoenix and a hospital are only a short driving distance away from the apartment site. Furthermore, the Sherwood community benefits of its close proximity to the famous wine growing area in the “Willamette Valley”.
The construction of the two apartment buildings was completed in January 2014. The property is located in the heart of Sherwood’s “Old Town” on the site of a former cannery. The 101 high-quality apartment units are geared toward the middle-class rental sector. Both buildings have attractive “boutique style” lobbies, a fitness center and a community entertainment room with kitchen and TV.