Wood Partners Announces Groundbreaking of Alta Civic Station in Gresham, Oregon

Newswire – July 24, 2019. Wood Partners, a national leader in multifamily real estate development and acquisition, recently broke ground on their newest luxury residential community – Alta Civic Station – in Gresham, Oregon.

The new residential community is located at 1699 NW Civic Drive, perfectly positioned on the east side of the Portland Metropolitan Area, providing easy access to bustling Downtown Portland and its numerous dining, shopping and cultural opportunities. Additionally, close proximity to Portland International Airport will give residents the ability to connect to worldwide destinations, while the community’s access to Mount Hood and the nearby Columbia River Gorge present endless outdoor activity options.

Located in the thriving Civic neighborhood of Gresham, Alta Civic Station is a short drive from the city’s three large, semiconductor-manufacturing companies and other major employers including Boeing, US Bank and Subaru. Multiple nearby MAX Light Rail stations will provide residents with varied options for commuting to employment centers across the region.

“Alta Civic Station is an ideal location for apartment renters as it offers abundant shopping and retail amenities, easy access to the city’s parks and unparalleled outdoor space, and the ability to be in Downtown Portland in under 25 minutes,” said Michael Nagy, managing director for Wood Partners. “Gresham is forecast to be the top submarket in the greater Portland area for both rent growth and occupancy in the coming years, as the suburbs become more in-demand.”

Alta Civic Station is located in the heart of Gresham, offering residents the amenities of a dynamic urban lifestyle while retaining small-town charm and natural beauty. The nearby Gresham Station Shopping Center and Gresham’s 942 acres of open space and 23 parks make it an optimal location for residents looking to combine high-quality, modern living with an active environment.

Alta Civic Station will feature a community room with kitchen and social areas, state-of-the-art fitness center, co-working and meeting areas, and ground-floor retail and live-work units within a walkable, vibrant neighborhood. The project includes a half-acre public plaza adjacent to the Civic Drive MAX Light Rail station that will feature outdoor gathering spaces and a children’s play area.

Scheduled to open in the spring of 2021, Alta Civic Station totals 318 market-rate units with studios, one-, two- and three-bedroom floor plans in addition to live-work townhome-style units. This community will be the fourth Wood Partners project in the greater Portland area.

Wood Partners Announces Groundbreaking of Alta Spring Creek in Garland

Newswire – July 26, 2019. Wood Partners, a national leader in multi-family real estate development and acquisition, announced earlier today the groundbreaking of its newest luxury residential community – Alta Spring Creek – in Garland, Texas.

Located at 6310 Naaman Forest Blvd., the new community will be located a short drive from some of the highest-growth economic hubs in the entire Dallas-Ft. Worth region. Alta Spring Creek will place residents minutes from CityLine – now home to regional headquarters for both State Farm and Raytheon – as well as the Telecom Corridor that boasts an unparalleled concentration of manufacturing, telecommunications, healthcare and financial services establishments.

“The Dallas team of Wood Partners is excited to break ground on 225 units at Alta Spring Creek in the 190 corridor submarket just a few miles east of CityLine. This community will provide a reasonably priced option without sacrificing the quality or amenity spaces that our prospective residents in this area have come to expect,” said Ryan Miller, Development Director for Wood Partners. “Located on just under nine acres, Alta Spring Creek will offer an abundance of open space, towering trees and rolling topography.”

In addition to the close proximity to a number of areas of job activity, Alta Spring Creek’s location in the 190 Corridor will provide residents with numerous restaurant, bar and retail options at nearby Firewheel Town Center. The area is home to a number of grocery options as well, with Whole Foods, Kroger, Tom Thumb and Aldi nearby.

Alta Spring Creek, once completed, will total 225 units in a mix of 1-, 2- and 3-bedroom floor plans. The premier apartment homes will feature refined finishes that will help differentiate the community from others in this submarket. The units, which will include stainless steel appliances, granite countertops, upgraded fixtures and in-unit washer and dryer, will provide an A-class living experience for residents and their families.

As part of a robust set of amenities, Alta Spring Creek will include a number of community-building spaces, maximizing the indoor-outdoor lifestyle that the Dallas area provides. A spacious fitness center will feature Precor equipment and dedicated yoga and crossfit studio. The large, resort-style pool area will have tanning ledges, outdoor fire pits and grilling areas. A portion of Spring Creek, which runs along the property, offers an area for numerous outdoor activities and events while providing a calming natural backdrop for residents to relax and recharge.

Alta Spring Creek is expected to both begin pre-leasing and open in the second quarter of 2020. It joins a list of 16 properties managed by Wood Partners in Texas, 12 of which are in the Dallas-Ft. Worth area with three more, including Alta Spring Creek, in development.

Wood Partners Announces Groundbreaking of Alta River Oaks in Houston

Newswire – July 22, 2019. Wood Partners, the 2nd-largest multifamily developer and 3rd-largest multifamily construction manager in the nation according to the National Multifamily Housing Council (NMHC), announced earlier today the groundbreaking of its newest luxury residential midrise community – Alta River Oaks – in the highly affluent River Oaks area of Houston, Texas.

Perfectly positioned at 3636 W Dallas St., the new Alta River Oaks sits amid the best addresses, with ideal access to all that the city has to offer. Just minutes from Houston’s most exclusive shopping and dining, steps from Buffalo Bayou where residents will be able to run, bike, kayak or take a scenic stroll, two and half miles from Downtown Houston’s Central Business District, and three miles from Uptown of Greenway Plaza, Alta River Oaks is set to deliver a new experience in living.

“The River Oaks neighborhood is among the most desired in the entire Houston area,” said Bart Barrett, Managing Director for Wood Partners. “Careful thought and consideration went into the design and interior finish decisions to maintain the integrity of what River Oaks represents. We are proud that Alta River Oaks will offer apartment homes featuring A-class finishes and premium amenities.”

The nearby River Oaks Shopping Center features high-end retail options and walkable grocery options – including Whole Foods and Kroger – just steps down the neighborhood’s tree-lined streets. With so many local treats, including the historic Landmark River Oaks Theatre and nearby art museums – the Rienzi Museum of Fine Arts, Bayou Bend Collection and Gardens, the Rothko Chapel, the Menil Collection and others – Alta River Oaks residents will have access to unparalleled cultural and outdoor experiences.

The Alta River Oaks site is in close proximity to several of the major job hubs in Houston’s booming economy, providing a short commute to Downtown Houston, Greenway Plaza, the Galleria, the Energy Corridor, the University of Houston and Rice University as well as the healthcare and scientific research cluster at the Texas Medical Center.

Once completed, Alta River Oaks will total 364 units in a mix of 1-, 2- and 3-bedroom floor plans. The residential units will feature custom finishes including two scheme choices. The premier apartment homes will have top-of-the-line GE stainless-steel appliances, gas cooktop and oven, stunning quartz countertops, custom-pattern tile backsplash, full-size in-unit washer and dryer and wood-style flooring.

To help residents rejuvenate and recharge, Alta River Oaks is a subtle blend of modern sophistication and high-end luxury. From the initial market review, the Interior Design and Architecture teams took careful measures to capture the true essence of what living in River Oaks means to locals and transplants alike. The address evokes a next-level expectation and Alta River Oaks delivers from street elevation, entry experience, clubhouse and amenities, through to each residence. The design aesthetics and color tones are cohesive in every material and product selection, from paver to planting. Alta River Oaks will feel like a permanent address event for the most selective renter.

Alta River Oaks will be home to a number of community amenities ranging from a clubroom, sky lounge, business and conference center for meetings or events, resort-style pool, fitness center with high-end equipment and outdoor kitchen areas. A tranquility courtyard will help residents engage with the natural environment and bike storage will ensure easy access to Houston’s active lifestyle.

Alta River Oaks apartments are expected to begin preleasing in fall 2020 with an estimated opening in the fourth quarter of the year. Alta River Oaks is just a few miles from Wood Partners’ Alta West Alabama development, which broke ground earlier this month. That community, which is expected to open in the third quarter of 2020, will total 304 units.

“With Alta River Oaks and Alta West Alabama, we have two luxury communities – in exceptional submarkets – set to come online in the second half of 2020,” Barrett continued. “These apartment homes will give Wood Partners two premier offerings in the region, setting us apart from the competition.”

Alta River Oaks and Alta West Alabama are the latest expansion of the Wood Partners footprint in the Houston market. Wood Partners now has eight properties completed or in development in the Houston area, joining a list of 17 properties in Texas.

Wood Partners Announces Groundbreaking of Alta Art Tower in Portland

Newswire – July 15, 2019. Wood Partners, a national leader in multi-family real estate development and acquisition, announced earlier today the land closing and groundbreaking of its newest luxury residential community – Alta Art Tower – in Portland, Oregon.

The high-rise tower will total 314 units, featuring studio, one-, two- and three-bedroom floor plans located at 1516 SW Alder Street. The community is central to the desirable art, cultural and retail experiences available in Portland’s most prominent neighborhoods, including Downtown, the Pearl District, the West End, Goose Hollow and the Alphabet District.

“Alta Art Tower is uniquely situated between some of the most in-demand neighborhoods in Portland,” said Michael Nagy, Managing Director for Wood Partners. “The community will offer an abundance of culture and social activities, plus convenient access to world-class public transit and employment options. With thousands moving to Portland each year, Alta Art Tower is a strategic investment for Wood Partners that will help meet the pent-up demand following Portland’s new Inclusionary Housing Ordinance.”

The Portland Metropolitan Area is experiencing significant economic growth, from high-profile employers including Nike, Google, Adidas, Under Armor, Intel and Amazon. Additionally, an expansion of the Oregon Health and Science University and numerous outdoor industry and technology companies provide Alta Art Tower residents with a diverse set of employment opportunities nearby.

The Artists Repertory Theatre, sharing a block with the project, will be incorporated into the Alta Art Tower experience, ensuring continued operations for this beloved community institution. Alta Art Tower will feature an innovative lobby experience with a performance stage and art gallery to be enjoyed by residents and guests alike. Additional community amenities include a rooftop club room with two outdoor terraces, a co-working and meeting space, a music performance room, a state-of-the-art fitness studio and ground floor retail including the “Backstage Bar.”

Inside the apartment units, residents will find modern finishes that distinguish this community from others in the market to provide an A-class, high-rise living experience. Unit features include quartz kitchen countertops, stainless-steel Energy Star appliances including gas cooking ranges, vinyl-wood flooring, en-suite master baths with custom-framed mirrors, tile shower surrounds and soaking tubs, walk-in closets and solar shades.

Alta Art Tower joins a growing list of properties developed and managed by Wood Partners in Oregon.

Wood Partners Announces Groundbreaking of Alta West Alabama in Houston

Newswire – July 1, 2019.  Wood Partners, a national leader in multi-family real estate development and acquisition, announced earlier today the groundbreaking of its newest luxury residential community — Alta West Alabama — in Houston, Texas.

Located at 3623 W Alabama St., the new community will be centrally located between the River Oaks and Greenway/Upper Kirby neighborhoods and adjacent to the bustling Uptown area, placing it within one of Houston’s most sought after submarkets. Alta West Alabama will place residents near some of the most dynamic, economic hubs, not just in the Houston region but in the entire country.

“Alta West Alabama is in a prime-time location among some of the most prestigious neighborhoods, best employment and entertainment centers Houston has to offer,” said Bart Barrett, Managing Director for Wood Partners. “These apartment homes will have top-of-the-line, in-unit finishes and community amenities that mirror the quality of the surrounding area.”

Houston’s economy continues to grow, adding tens of thousands of jobs annually. Alta West Alabama will be a short commute from a number of job centers, including the city’s downtown core, Greenway Plaza, the Galleria, the Energy Corridor, numerous higher-education institution campuses, and the healthcare and scientific research cluster at the Texas Medical Center. Additionally, the location provides easy access to several grocery options including Central Market, Whole Foods and Costco. The nearby Highland Village Shopping Center features a number of top-level retailers including Apple and Crate & Barrel.

Alta West Alabama, once completed, will total 304 units in a mix of 1-, 2- and 3-bedroom floor plans. The open-concept units will feature refined finishes that provide residents with a rejuvenating retreat. The premier apartment homes, with high-end finishes including stainless steel appliances, gas cooktops, quartz countertops, tile backsplashes, and full-size washer and dryer, will provide an A-class living experience that sets Alta West Alabama apart in the market.

To give residents their own personal oasis, Alta West Alabama will have a number of community amenities to maximize both indoor and outdoor living. A large pool and courtyard area will feature an outdoor kitchen space for grilling and socializing. An onsite clubroom, business center and conference space will give residents numerous spaces for work or to host events. A gaming lounge and a sky lounge featuring pool tables will offer spaces to meet neighbors and to build a community.

Alta West Alabama is expected to open in the third quarter of 2020. It joins a list of 16 properties managed by Wood Partners in Texas, three of which are in Houston with four more, including Alta West Alabama, in development.