Month: December 2019

Newswire – December 19, 2019. Wood Partners, a national leader in multi-family real estate development and acquisition, announced today the grand opening of its newest luxury residential community – Alta North Central – in Phoenix, Arizona.

Alta North Central offers a sophisticated lifestyle with well-appointed amenities that are unmatched in the market. The community exudes an old Phoenix charm, nestled in a popular neighborhood booming with new eateries and nightlife, while being in close proximity to economic hubs in the Central Corridor, Midtown, Downtown, and The Biltmore areas of Phoenix.

“Alta North Central provides a Class-A experience to a submarket that has not seen luxury rental housing in several decades,” said Clay Richardson, Managing Director for Wood Partners. “Phoenix’s economy continues to grow, and the prime location of Alta North Central provides residents with unparalleled access to these nearby job opportunities while living in a classic Phoenix neighborhood.”

In its location at 777 E. Stella Lane, Alta North Central is a short commute to major employers. Both Grand Canyon University and the Arizona State University-Downtown Phoenix Campus are also nearby, as is the city’s light rail line, which connects to major entertainment centers – including Talking Stick Resort Arena and Downtown Phoenix – as well as Phoenix Sky Harbor International Airport.

Alta North Central’s resort-style amenities make it easy to enjoy indoor-outdoor living year-round. Outdoor spaces include an exceptionally furnished outdoor upper-level deck, an outdoor patio with a gaming area, grill station, putting green, and a private dog park. Residents can cool down or relax in the swimming pool that features a tanning deck and an in-water seating and spa, with seasonal poolside service from the on-site café. The 2,300 sq ft, 24/7 fitness center features Precor equipment including cardio theater technology, TRX systems and a separate yoga studio.

Alta North Central’s on-site café provides residents with the benefits of a local coffeehouse without having to leave the building, as well as the poolside service during the hotter months. Additionally, Alta North Central features co-working concept suites, complete with micro-offices that can be reserved. With a library space and Wi-Fi throughout the amenity-spaces, residents have multiple options for productivity.

Each apartment home offers top-of-the-line kitchen finishes, including custom cabinet color scheme options, Crystal Diamond White quartz countertops and stainless GE Energy Star appliances with gas cooktop ranges and double ovens in select homes. All homes have full-size, in-unit washer and dryer and walk-in closets. Some units feature dual master suites, powder rooms and up to 10-foot ceilings.

Alta North Central offers 229 units in one and two-bedroom floor plans, in addition to three-bedroom-penthouse offerings. Leasing is currently underway.

Newswire – December 16, 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 Buena Vista – on Alameda Island in California.

Alta Buena Vista, a 372-unit luxury mixed-use project on the island’s northern waterfront, is the first market-rate apartment development in more than 40 years on Alameda Island. The 10-acre community will blend the old and new, mixing the existing six-acre historic brick Del Monte Warehouse – built in the 1920s – with new apartments and retail spaces designed by BAR Architects. Alta Buena Vista will be the largest budgeted development in Wood Partners’ 20-year history.

“The Alta Buena Vista site at the Del Monte Warehouse is a historic opportunity for Wood Partners, paying homage to the history of Alameda,” said Julia Wilk, Managing Director for Wood Partners. “With the lack of any market rate apartment development on the island, so close to the region’s employment centers, we’re confident that Alta Buena Vista will offer a wonderful blend of small island community with easy access to everything the Bay Area has to offer.”

Located at 1501 Buena Vista Avenue, the site is a short distance to the Alameda Ferry Terminal, providing direct service to Downtown San Francisco’s Financial District and to AC-Transit connections to BART, Downtown Oakland and across the Bay Bridge to San Francisco. I-880, connecting cities across the East Bay and Oakland, is right off the island via tunnel or bridge. Downtown Oakland has seen a booming commercial market recently, with many high-profile companies moving jobs and operations to the East Bay area.

Once completed, residents of Alta Buena Vista will have access to a wide range of retail, restaurant and grocery options nearby. The Park Street and Webster Street corridors offer cafes, dining and nightlife, in addition to numerous boutique stores. Just across the estuary is Oakland’s up-and-coming Jack London Square, a vibrant hub of restaurants, entertainment, outdoor recreation and community events.

Alta Buena Vista will offer a range of amenities including a well-appointed fitness center, resident lounge, multiple roof decks and 11,000 square feet of ground-floor retail space. The community is expected to open in early 2022, featuring studio, one- and two-bedroom apartment floor plans, as well as two- and three-bedroom townhomes.

Newswire – December 11, 2019. Wood Partners, a national leader in multifamily real estate development, announced the grand opening of its new luxury residential community – Alta Green Mountain – in Lakewood, Colorado.

The new residential community, which is situated on 12.6 acres at 13055 West Mississippi Court, offers a prime location balanced between the city and the foothills of the Rocky Mountains.

“Lakewood is one of the most desirable submarkets in the Denver metropolitan area,” said Clay Iman, Managing Director for Wood Partners. “Alta Green Mountain residents will enjoy the unique qualities the property offers as it is positioned at the base of the foothills and has the feeling of a mountain resort nestled in the city. Residents will have immediate access to 2,400 acres of open space in Lakewood’s second largest park. The community offers incredible views of the Denver skyline, immediate access to major employment centers, convenient access to an active lifestyle, and the ability to readily escape into the mountains.”

Alta Green Mountain provides convenient access to a number of major roadways, including Interstate 70, Highway 285, C-470, and 6th Avenue, quickly connecting residents to downtown Denver and job centers across Denver’s west side, as well as to the nearby mountains.

The new community is a short distance from the Denver Federal Center, the largest concentration of federal agencies outside of Washington, D.C., with more than 6,200 employees at 26 agencies. Belmar, a mixed-use, open-air lifestyle mall with 800,000 square feet of office space and a large number of retail outlets is four miles from the property down West Alameda Avenue, offering many employment, dining and entertainment options. Safeway, Whole Foods, Natural Grocers and Sprouts provide a full complement of grocery stores nearby.

Alta Green Mountain is just blocks from Green Mountain Park and its hiking and bike trails, and is seven miles from the world-famous Red Rocks Amphitheater. Additionally, the community features expansive on-site outdoor amenities including a year-round pool and spa, indoor/outdoor clubhouse, central green space, a communal fire pit and other exterior gathering areas.

Alta Green Mountain has a number of other resort-style amenities, including keyless entries, a double-height fitness space, co-working spaces, community game room and an outdoor kitchen with a dining area. The community is pet friendly, offering a dog wash and on-site dog run.

The apartment homes offer high-end finishes including granite countertops, faux wood-plank flooring, 42-inch kitchen cabinets and stainless steel appliances, plus the convenience of in-unit washers and dryers. Several units feature views of the mountains or the Denver skyline.

Alta Green Mountain offers 260 units, each with a private balcony, in one-, two- and three-bedroom floor plans. The community’s 10 buildings sit at different heights across the property, providing favorable views from the apartments and creating an appealing community aesthetic near the foothills.

Leasing is currently underway. For more information, visit altagreenmountain.com.

Newswire – December 4, 2019. Wood Partners, a national leader in multi-family real estate development and acquisition, announced earlier today the groundbreaking of its newest luxury residential multi-family community – Alta Cathedral Lakes – in Spring, Texas.

Located at 698 Basilica Bay Drive, Alta Cathedral Lakes is in Spring’s new master planned community, Cathedral Lakes, which features 150-acres of mixed-use development. This community will be minutes away from thousands of jobs, premier retail and dining opportunities and a range of outdoor and entertainment activities. When combined with top-line amenities, Alta Cathedral Lakes will provide a living experience unparalleled in the area.

“The Houston area continues to show robust growth in new jobs and demand for high-quality apartment homes,” said Bart Barrett, Managing Director for Wood Partners. “At Wood Partners, we are confident that Alta Cathedral Lakes – with its proximity to a number of the region’s major employers, abundant retail and entertainment options and desirable school districts – will be a popular community.”

The renowned Woodlands Mall and adjacent Market Street are less than four miles from the Alta Cathedral Lakes site, offering a range of high-end shopping retailers, cinemas, restaurants and luxury hotels. A number of grocery stores, including Whole Foods, Walmart Supercenter, three HEB locations, and two Kroger locations are within five miles.

When complete, Alta Cathedral Lakes will be directly across I-45 from CityPlace Springwoods Village, a 60-acre mixed-use urban district planned for more than 9 million square feet of commercial space. The business community is home to more than 17,000 employees, and includes the world-class corporate campuses of ExxonMobil, Southwestern Energy, ABS and HP Inc.

Three major hospitals, including CHI St. Luke’s – Springwoods Village, Memorial Hermann – The Woodlands and CHI St. Luke’s – The Woodlands complex are just a few miles away. High quality schools, including the desirable Conroe Independent School District, are a short drive away. To entertain residents, the Houston-area’s premier outdoor concert venue – the Cynthia Woods Mitchell Pavilion – is less than four miles from the site, hosting approximately 65 events per year. The Woodlands Resort and Conference Center, with its multiple golf courses, spa, and waterpark is perfect for entertaining guests, family and friends.

Once completed, Alta Cathedral Lakes will total 300 units in a mix of 1-, 2- and 3-bedroom floor plans. Kitchens will feature stainless-steel appliances, granite countertops, tile backsplashes, 42” cabinets and all units will have full-size washers and dryers.

Additional amenities include a clubroom, well-equipped fitness center, a business center with conference rooms available for reservation, a common outdoor kitchen space, dog park and dog wash plus a resort-style pool. Some units will feature waterfront views.

The Alta Cathedral Lakes apartments are expected to begin preleasing in Fall 2020 with an estimated opening in the fourth quarter of the year.

Alta Cathedral Lakes is the latest in Wood Partners expanding footprint in the Houston region. Wood Partners now has 8 properties completed or in development in the Houston area, joining a list of 21 properties in Texas. Earlier this year, Wood Partners broke ground on two developments in the Houston area: the 304-unit Alta West Alabama, in the Greenway/Upper Kirby district, and the 364-unit Alta River Oaks, in the prestigious River Oaks neighborhood.

Newswire – December 3, 2019. Wood Partners, a national leader in multi-family real estate development and acquisition, announced earlier today the groundbreaking of its newest luxury residential multi-family community – Alta Midtown Park – in Dallas, Texas.

Located at 8107 Manderville Lane, Alta Midtown Park is in the desirable Vickery Meadow area north of Downtown Dallas. The site provides easy access to numerous road and transit options, connecting to jobs and entertainment across the region. Once complete, Alta Midtown Park will be just a short commute from thousands of jobs in the booming Dallas-Fort Worth area and is close to hundreds of retail and dining opportunities.

“The Alta Midtown Park site represents an incredible infill location within a highly desirable and newly transitioned submarket,” said Ryan Miller, Managing Director for Wood Partners. “It will put our residents in the center of everything that the region has to offer, providing top-of-the-line amenities in each home and a luxury experience in common-use areas at a preferred price point, making it an attractive option in the Midtown submarket.”

The site is just east of US 75 / Central Expressway, the primary North-South artery in Dallas. Downtown Dallas and its booming economic opportunities are just eight miles away, while the region’s two major airports – Dallas Love Field and Dallas-Fort Worth International – are both a short distance from the new community. Alta Midtown Park is a half-mile from the Walnut Hill DART Station and its Orange and Red lines, both of which connect to the heart of the city.

A number of restaurant, retail, movie theater, and grocery options are near the future community. Preston Hollow Village, a major shopping and entertainment destination, and NorthPark Center, an upscale indoor mall with more than 200 retailers, are a few minutes drive. Trader Joe’s, Whole Foods, and Tom Thumb locations will make grocery shopping easy for residents.

Alta Midtown Park will offer a range of amenities for residents including a resort-style pool with tanning ledges, an outdoor kitchen area, an expansive fitness center with high-quality equipment, a conference room with state-of-the-art A/V technology and a fifth-floor indoor-outdoor sky lounge with a view of Downtown Dallas. Once completed in early 2021, Alta Midtown Park will total 307 units in a mix of studio, plus one- and two-bedroom floor plans. All will have Class A appliance packages.

Alta Midtown Park is the latest in Wood Partners expanding footprint in the Dallas-Fort Worth mega-region. In recent months, Wood Partners had significant news on two major developments in the region: the 225-unit Alta Spring Creek, in Garland, and the 288-unit Alta 289, in Plano.