Rock Point Construction building apartments in Old Town Sherwood
Old Town will soon see more multi-family housing options
SHERWOOD, Ore. — Construction on a new apartment building in Old Town is underway, nearing a late summer completion.
The three-story complex broke ground in November 2025 and is slated for completion in late summer 2026, according to Adrian Oltean, CEO of Tualatin-based Rock Point Construction, the developer of the project.
Rock Point Construction is known for building multi-family housing, such as River Park in North Portland, as well as car washes, such as Happy’s Car Wash in Medford and Springfield.
“We generally look for infill lots … we really like Old Town-type of locations, not the up-and-coming trendy stuff,” Oltean said. “We feel like (Sherwood) is a nice area that we know people want to live in and move in with lots of walking, lots of shopping, and we feel like people have access to everything right there.”
Plans include 32 apartment units at 15665 S.W. Willamette St. on a 1.14-acre parcel near Cannery Square, adding much-needed housing to the area on one of the last empty parcels in Old Town.
“The building was designed to match what’s down there … it blends into the City Hall building and the (Cooper Mountain) brewery across from us. We’re incorporating the same colors, and the brick,” Oltean said. “We’re trying to blend right in with that little section of Sherwood.”
He said the plan was to keep the design consistent with the library and brewery because it is at the entrance to Old Town’s south side.
The new apartments will feature a community garden, benches, and landscaping facing the city fountains to help activate the streetscape on the pedestrian level. The garden replaces original plans for a basketball area.
“We have a huge common space area that is going to be turned into flower beds and garden beds,” Oltean said. “A lot of people would rather relax, plus we don’t want to make noise for the neighborhood.”
The architecture plans were made in-house at Rock Point, which also does its own excavating.
“I draw most of my stuff up front, and then I have my architect finish drawing it,” Oltean said. “I design it based on the look, but I also design it based on what’s affordable for us to build. Like anything in construction nowadays, we have to account for a lot of different factors to make it pencil out. It’s not simple right now.”
The housing units are planned to be a mix of studios and multi-bedroom units, which is an appropriate mix for Sherwood according to Eric Rutledge, community development director at the City of Sherwood.
“It was approved under the Old Town code, so it’s deemed to be compatible with Old Town,” Rutledge said. “I think it’s a good-looking building. We worked with the developer to upgrade the window package and the balcony package, so we think it will help activate Columbia Street.”
Rutledge said developers in other Oregon towns tend to be focused on building small studio units. This can help the development pencil out, because more units in less square footage are available for rent.
“These (here) are what I would call family-sized units, which is really nice and that’s what I’ve been really happy with,” Rutledge said. “The developers so far in Old Town, based on the market and knowing Sherwood as being very family-oriented, have provided more units than you would typically see in the Portland metro area.”
While there is less development going on all around Oregon right now due to the high cost of building, labor, and materials, Oltean said they chose Sherwood over anywhere else.
“At the end of the day, it’s going to add some much-needed housing — especially in Old Town, which doesn’t really have any apartments besides the ones next to us,” Oltean said. “I think it’s going to be a beautiful building that will add to the charm of the city.”
Jules Rogers
Jules Rogers
