Founded in 1972 by Tony Petrarca, Cedarwood Construction LLC has grown from a small family-run operation in Akron, Ohio, into a nationally recognized full-service real estate company. Initially focused on the development of residential apartments, such as Cedarwood Village, the company quickly expanded its offerings to include a diverse array of projects across various sectors including hospitality, retail, and multifamily housing. Through the 1980s, Cedarwood laid a strong foundation for growth, embarking on a multitude of strategic projects that enhanced its reputation in the industry. As a key player in the retail and hospitality sectors by the 1990s, Cedarwood’s footprint extended across 32 states, allowing for an impressive portfolio featuring well-known national anchors.
Entering the new millennium, Cedarwood pivoted towards developing retail power centers, maintaining ownership of many shopping centers they constructed. The company showcased resilience even through economic downturns, adapting strategically to shifts in the real estate landscape. In response to evolving market demands, Cedarwood refocused on multifamily communities in the 2010s, further diversifying its project portfolio.
Celebrating its 50th anniversary in 2022, Cedarwood Construction LLC continues to thrive, developing multifamily communities, senior living facilities, and self-storage projects. With an emphasis on collaboration across its various subsidiaries, Cedarwood Development, Riverview Management, Cedarwood Architectural, Tri-C Construction, and Residents First, the company embodies a commitment to quality, innovation, and equal opportunity in the real estate industry. Cedarwood’s impressive legacy reflects not only decades of successful project delivery but also a steadfast dedication to serving a wide array of clients throughout the United States.
