Wood Partners Announces Groundbreaking of New Charlotte Property, Alta Croft

Newswire – April 29, 2019. Wood Partners, a national leader in multi-family real estate development, announced today the ground breaking of its newest apartment community – Alta Croft – in Charlotte, North Carolina.

Located in North Charlotte at the intersection of Prosperity Ridge Road and Johnston Oehler Road, Alta Croft is the second luxury apartment community in the Prosperity submarket. Alta Croft will have 238 modern high-end apartments, as well as a resident lounge, business center, pet spa, and resort style pool.

“Wood Partners’ nearby Alta Prosperity Village has seen tremendous success, and there aren’t many comparable properties like it in the immediate area,” said Tom Burkert, Charlotte Director for Wood Partners. “Alta Croft will come online at a critical time that will allow us to capitalize on the demand for suburban luxury housing with walkable neighborhood amenities.”

Alta Croft is strategically positioned to capitalize on the regional job market, with easy access to Uptown Charlotte, UNC Charlotte, Huntersville and Lake Norman. “The Prosperity area is growing rapidly due to the completion of Interstate 485, providing convenient access in and around the Charlotte region,” said Burkert. “It’s exciting to know that Alta Croft will offer a premium suburban-living experience with access to great schools and ample community amenities, all while providing residents with easy access to all that Charlotte has to offer thanks to Alta Croft’s positioning adjacent to a network of city-wide transit improvements.”

At the community, stainless-steel appliances, granite countertops and in-unit washer/dryers distinguish the asset within the Charlotte market. In addition, the state-of-the-art gym and Luxer package room provide future residents with top-of-the-line community amenities.

Scheduled to open in April 2020, Alta Croft offers a combination of one-, two- and three-bedroom units with pre-leasing scheduled to begin in late 2019.

Alta Croft joins a list of three properties managed by Wood Partners in North Carolina.


Wood Partners Announces Groundbreaking on New California Property – Alta Upland

Newswire – April 26, 2019. Wood Partners, a national leader in multi-family real estate development and acquisition, announced the land acquisition and groundbreaking for its new community – Alta Upland – in Upland, California.

Alta Upland is located on the last undeveloped parcel of The Colonies at San Antonio Master Plan and is adjacent to The Colonies Crossroads, which is a popular retail development in the Inland Empire.

“We are excited to be moving forward with the first new apartment community to be built in Upland in over a decade,” said Joe Gambill, vice president – development for Wood Partners. “Upland and the greater Inland Empire have been experiencing tremendous expansion over the last several years and this project should fulfill a great housing need in the area.”

Alta Upland will provide residents with access to the burgeoning economic potential of the area and high-caliber career opportunities, as the Inland Empire is experiencing substantial growth in the industrial, logistics and medical industries. The Upland submarket also offers desirable schools and the Metrolink, which provides connectivity to the greater Los Angeles area.

Located at 1160 East 19th Street, Alta Upland will provide unobstructed mountain and valley views, and considerable walkability to adjacent retail, shopping, dining, open space and trails. Residents will be able to recharge in an expansive courtyard that will house a pool and spa, and the community will also include a business center, a clubhouse and a state-of-the-art fitness center.

“We believe that the combination of the community’s proximity to several nearby amenities, fantastic views and thoughtful design is one that is geared towards making Alta Upland a success,” said Gambill.

Estimated to open in fall 2020, Alta Upland will offer 203 units in a combination of one-, two- and three-bedroom floor plans. This community joins a list of Class A properties built and managed by Wood Partners in California and is the first in Upland.

Construction on the new multifamily community will begin in May 2019.

Wood Partners Announces Groundbreaking on New Fort Worth Property – Alta Champions Circle

Newswire – April 25, 2019. ​​​​Wood Partners, a national leader in multi-family real estate development and acquisition, announced earlier today the groundbreaking for its new community – Alta Champions Circle – in Fort Worth, Texas.

Alta Champions Circle is a multifamily community that features an urban, surface-parked three-story, open-corridor design. With 285 total units, the building represents a high-end option for renters in the North Fort Worth submarket.

“We are thrilled to have broken ground on Alta Champions Circle and established a presence in one of the hottest-growing corridors in North Texas along I-35 and SH 114,” said Ryan Miller, managing director for Wood Partners in North Texas. “Our vision to bring a new, high-quality residential product at a reasonable price point that is complementary to the booming office, industrial and retail growth that’s occurring in the North Fort Worth submarket.”

While this submarket has experienced strong job growth over the past decade, there have been few new multifamily communities to come online and capitalize on that growth. With large regional employers nearby including Charles Schwab, TD Ameritrade, Fidelity Investments, Sabre, Mercedes, Facebook, FedEx and Amazon, as well as more than 100 companies located in the 26,000-acre AllianceTexas development, residents will have quick access to a considerable number of jobs just miles away from Alta Champions Circle.

The community is situated within the I-35/SH 114 corridor, with cultural amenities nearby such as the Texas Motor Speedway, 18-hole championship golf course, a recently opened Tanger Outlet Mall and multiple dining options adjacent to the property.

Alta Champions Circle boasts premium community amenities that are unmatched in this submarket. Ranging from a resort-style pool with tanning deck and in-water seating, to an outdoor entertainment space outfitted with grilling stations, seating and shaded gathering terrace, to a 24/7 Athletic Center complete with Precor cardio theater featuring touchscreen televisions and tech connectivity and Precor weight stations, future residents will be able to immerse themselves in a top-tier lifestyle. In the units, sought-after finishes including custom granite countertops, under-cabinet lighting throughout the kitchen, stainless Whirlpool Energy Star® appliance package, full-size in-unit washer and dryer, and spacious en suite master bath with custom-framed mirror elevate the living experience.

Alta Champions Circle offers a combination of one-, two- and three-bedroom units at an average unit size of 957 square feet.


Wood Partners Announces Groundbreaking on New Plano Property

Newswire – April 16, 2019. Wood Partners, a national leader in multi-family real estate development and acquisition, announced today the groundbreaking for its new community – Alta 289 – in Plano, Texas.

Located at 7950 Preston Road, Alta 289 will total 288 units upon completion and is the second under development in the Plano area in the last five years for Wood Partners.

“We are very excited to bring Alta 289 to market in the fall of 2019,” said Ryan Miller, Managing Director for Wood Partners. “This community will offer top of the line finishes and resident amenities in a highly desirable market with great access to Legacy West and numerous other restaurant, retail and recreational attractions,” said Miller.

Positioned in the heart of Plano, Alta 289 is in close proximity to State Highway 121 and the Dallas North Tollway, providing direct access to significant employers, including the highly acclaimed Legacy West development, which houses Toyota, Liberty Mutual, and JP Morgan Chase, among others. Ample restaurants, entertainment, and retail options – including the Stonebriar Mall – also make this location a cultural hot spot.

Alta 289 has been designed to offer residents some of the highest caliber outdoor amenities in the area. From large open spaces to curated outdoor assets including a pool, dog park, and lush courtyards. Alta 289 brings in-demand interior amenities such as Whirlpool stainless appliances with front control ranges, front-loading washer and dryers, Yale keyless entry, Moen fixtures, solar window shades, and modern backsplashes, cabinets and countertops.

Opening in late Fall 2019, Alta 289 offers a combination of one-, two- and three-bedroom units at an average unit size of 913-square-feet. Pre-leasing is scheduled to begin in August 2019.

Alta 289 joins a list of over 4,300 units managed by Wood Partners in Texas.

Wood Partners Announces Start of Leasing for Alta Tech Ridge in Austin

Newswire – April 4, 2019. Wood Partners, a national leader in multi-family real estate development and acquisition, announced its newest luxury residential community – Alta Tech Ridge – in Austin, Texas, is open for leasing.

A contemporary community located at 12408 Dessau Road, Alta Tech Ridge is poised to take advantage of the upcoming influx of jobs to the Austin market. With the development of Apple’s new Austin campus located only five miles away, and ready access to major employers such as Applied Materials, Dell, General Motors and IBM, Alta Tech Ridge offers the Austin renter an attractive option for luxury living.

“One of the best qualities of our new multifamily community is its positioning within the greater Austin market,” said Bart Barrett, Managing Director for Wood Partners. “Close proximity to major employers, roadways, and the Capital Metro Bus Station, and also to Austin’s booming downtown and a variety of retail and entertainment options adds immense value to this property.”

Located in close proximity to I-35 and mere minutes from the Domain and Downtown Austin neighborhoods strategically positions Alta Tech Ridge to take advantage of big-city amenities while providing a suburban living experience. On-site community amenities include a covered, Wi-Fi-enabled outdoor cyber lounge, yoga studio with spin equipment, resort-style pool, expansive courtyard with outdoor kitchens, and dog spa and wash station, among others.

The new residential community also boasts amenities that distinguish Alta Tech Ridge within the Austin market. Units include high-touch finishes, including gourmet style kitchens with euro-frameless custom cabinetry, granite countertops, tile kitchen backsplashes, and Energy Star rated GE stainless steel appliances, as well as conveniences such as in-unit washer/dryer, prewired Bluetooth enabled surround sound speakers and private yards with attached garages.

Alta Tech Ridge opened in January 2019, and totals 230 units, featuring 1-, 2-, and 3-bedroom units averaging 850-square-feet.


Wood Partners Announces Construction of New Massachusetts Community

Newswire – April 3, 2019. Wood Partners, a national leader in multi-family real estate development and acquisition, is progressing with construction on a new community in Stoneham, Massachusetts.

The three-building, 261-unit community is scheduled to open in March 2020 in Stoneham, a submarket of Metro Boston. The property is located in an area rich with top employment opportunities, including Amazon, General Electric and Massachusetts General Hospital. The community is also located near the I-95 and I-93 corridors, which offer plentiful career opportunities due to the growth of life science and technology companies in the area.

“Langwood Commons is an optimal location, combining proximity to first-rate employment with unparalleled access to nature and convenience to Metro Boston,” said Jim Lambert, managing director for Wood Partners. “This area has demonstrated demand for best-in-class apartment living and we’re excited to bring a high-quality Wood Partners community to the market.”

Due to the exceptional quality of life, cultural offerings, diversified employment and well-developed infrastructure, Metro Boston is considered to be one of the nation’s most desirable areas to live and work. In addition to being in close proximity to Spot Pond, the site is adjacent to the 2,200-plus acre Middlesex Fells Reservation, known locally as The Fells, a year-round outdoor space that provides outlets for hiking and biking to Stoneham residents.

The new property will offer immediate access to nature-based amenities and quick entry onto Route 93, creating a distinct and convenient live-work atmosphere in one of Boston’s premier submarkets. Additionally, Langwood Commons is just minutes from downtown Boston, Logan International Airport and multiple freeways that provide access to the entire region.

The project broke ground in November 2018 and is the company’s twelfth project in the greater Boston area.

Wood Partners Announces Grand Opening of Alta at Mercer Crossing

Newswire – April 2, 2019. Wood Partners, a national leader in multi-family real estate and development, announced the grand opening of its new community – Alta at Mercer Crossing – in Farmers Branch, Texas.

The first Wood Partners residential community of its kind in Farmers Branch, Alta Mercer Crossing is located at 1851 Knightsbridge Road and offers an unparalleled luxury living experience.

“We are excited about being a part of the ongoing growth occurring in Farmers Branch and, more broadly, in Northwest Dallas,” said Ryan Miller, Managing Director for Wood Partners in North Texas. “We are coming online in an emerging, desirable submarket which offers convenience to a number of employment hubs throughout the region.”

Farmers Branch is a rapidly growing area with easy access to major highways, including I-35, I-635 and the George Bush Turnpike, and is also only a ten-minute drive to both major regional airports – Dallas Love Field and Dallas / Fort Worth International Airport. Relative to other Dallas submarkets, Mercer Crossing offers reasonable rents while still providing residents with access to A-Class suburban amenities that includes ample outdoor space, a large dog park and premium unit finishes.

Alta at Mercer Crossing is poised to harness the burgeoning economic potential of Northwest Dallas. Major employment hubs such as Cypress Waters, Las Colinas and those along the Dallas North Tollway elevate the economic potential of the submarket.

The new community is a unique multifamily setting that aims to raise the standard of living in Farmers Branch, equipped with an entertainment kitchen, billiards, and retro arcade tables, state-of-the-art fitness center, a resort-style pool and expansive grilling cook space with seating, outdoor patios and fire pits. Units are furnished with high-caliber amenities, including walk-in closets, maple shaker cabinets, in-unit laundry, and quartz countertops with coordinating tile backsplash, in addition to a most sought-after amenity: private yards connected to the apartment homes.

Opened in March 2019, Alta at Mercer Crossing totals 260 units is comprised of one, two and three-bedroom apartments ranging in size from 638 square feet to almost 1,500 square feet.