Author: Baylee Snead

Newswire – June 5, 2019. Wood Partners, a national leader in multi-family real estate development and acquisition, announced the grand opening of its newest luxury residential high-rise community – Yard 8 – in Midtown Miami, Florida.

Yard 8 occupies an area that was once part of the Buena Vista Rail Yard, located at 2901 NE 1^st Avenue, placing the new, modern community in the midst of an area teeming with history and culture.

“We are thrilled to bring Yard 8 online in Midtown Miami, one of the most desirable neighborhoods in South Florida,” said Jeff Quinlivan, Managing Director for Wood Partners. “The area is unique. Residents have great access to both everyday retail as well as very interesting restaurants, shops and bars.”

Midtown, a walkable neighborhood reminiscent of New York’s SoHo district, is situated between the Design District to the north and Wynwood to the south. Collectively, the area is the epicenter of Miami’s burgeoning creative scene and world-renowned for many colorful murals, boutique fashion stores, indoor-outdoor eateries, music venues, craft breweries and contemporary art galleries.

Designed with an industrial edge, Yard 8 interiors feature open-concept spaces with concrete loft-style ceilings juxtaposed with modern luxury finishes. Unit amenities include floor-to-ceiling windows, custom Italian cabinetry, and frameless glass showers, which bring a sophisticated experience to a neighborhood that embodies Miami’s urban and electric culture.

Yard 8 community residents will have access to Wood Partners’ immersive cultural program, the Ground Floor Project®. This project brings acoustic music, spoken word and local dance performances to Yard 8, providing residents with a connection to the vibrant cultures that surround the new community, while also boosting the local arts scene.

Yard 8 offers its residents uniquely curated amenities including a bistro-inspired clubhouse with a demonstration kitchen that provides a community-building space to retreat and meet neighbors. Residents can utilize the expansive, on-site fitness center, which includes Peloton bikes, a yoga studio and state-of-the-art cardio and weight-training machines.

The property also offers an unparalleled rooftop oasis featuring a resort-style pool surrounded by lush, tropical landscaping, offering views of nearby Biscayne Bay and Downtown Miami. The community features approximately 30,000 SF of ground floor retail within this energetic and walkable metropolitan district.

Yard 8 is currently leasing and is ready for immediate move-ins. The community totals 387 units, featuring studios, 1-, 2- and 3-bedroom units. Yard 8 joins a list of 5 properties managed by Wood Partners in Florida.

Newswire – June 3, 2019. Wood Partners, a national leader in multifamily real estate development and acquisition, announced the grand opening of its newest luxury residential community – Alta Dairies – in Atlanta, Georgia.

The new, residential community is located at 777 Memorial Drive SE, in the heart of the East Atlanta submarket. It is a centerpiece of the ongoing Atlanta Dairies redevelopment and the revitalization of Memorial Drive, a major east-west connection in East Atlanta. With immediate access to the Atlanta BeltLine when the extension to Memorial Drive opens this summer, residents will be able to benefit from the redevelopment and revitalization of this thoroughfare.

“The East Atlanta submarket has seen a phenomenal transformation over the last decade,” said Bennett Sands, Managing Director for Wood Partners. “We believed that our Atlanta Portfolio would benefit greatly by having a major investment in this submarket, and we are excited to be launching that effort with the grand opening of Alta Dairies.”

In addition to its central location, Alta Dairies is strategically positioned in the midst of a competitive employment region. With notable career opportunities at Coca-Cola, Delta Airlines, Emory University, Morehouse College, UPS, AT&T, Grady Hospital and Children’s Healthcare of Atlanta, among the broad number of Fortune 500 companies headquartered in the region, residents have top-caliber employment options in close proximity. There are also a number of outdoor spaces within a short distance, including Grant Park, Cabbagetown Park and Historic Fourth Ward Park.

“It was important to us to ensure that we were preserving the vibrant cultural elements of the East Atlanta submarket when designing Alta Dairies,” said Sands. “That is why you will find community spaces filled with authentic, local art and graphic graffiti.”

Alta Dairies is a premier, residential property in Reynoldstown that champions a community experience. For both the avid outdoor enthusiast and the technology-savvy young professional, Alta Dairies has amenities for all. An impressive indoor/outdoor rooftop sky lounge with double-sided fireplace boasts unparalleled views of Downtown and Midtown Atlanta, along with outdoor biergarten with bocce and yard games, outdoor kitchens with gas grills, a saltwater swimming pool with a tanning shelf, and expansive bicycle storage room and repair center. Residents will also be able to enjoy a 24/7 fitness center with power gym and dedicated yoga studio, a pet spa and wash room, business center and conference room with rentable office spaces, as well as a fully furnished guest suite.

Inside, units have been designed to elevate the standard of living in this submarket. Units feature high ceilings, private patios or balconies, stainless steel kitchen appliances, gas ranges, quartz countertops, and other modern finishes that make the apartment homes at Alta Dairies the top of their class.

The community totals 312 units, featuring studios, and 1- and 2-bedroom floor plans, and offers an on-site parking garage. Alta Dairies joins a list of three properties managed by Wood Partners in Atlanta, with several under construction and in the pipeline.

Newswire – June 3, 2019. Wood Partners, a national leader in multi-family real estate development, announced today the groundbreaking of its new residential community – Alta Columbia City – in Seattle, Washington.

Alta Columbia City will be located in the historic neighborhood of Columbia City, just 15 minutes from downtown Seattle. The community will be in close proximity to popular transportation networks, educational institutions and will provide residents with access to high caliber career opportunities from notable companies, including Amazon, Google, Microsoft, Facebook, Starbucks and more.

“Columbia City is an ideal location for apartment renters as it offers abundant shopping and retail amenities, great outdoor space and parks and convenient access to the Link light-rail providing reliable transit to Downtown Seattle in under 15 minutes,” said Michael Nagy, Managing Director for Wood Partners. “Wood Partners was attracted to this project as it fits our development strategy of appealing to a wide variety of renter households. It offers an attractive alternative to living in the downtown core, while still providing the full array of neighborhood and property amenities for our residents.”

Alta Columbia City will feature 243 modern studio, one- and two-bedroom apartment homes, along with 27,000 square feet of retail and commercial spaces within a walkable, vibrant neighborhood. Residents will have access to the community’s private lounge with an entertainment area and gourmet kitchen, fitness center, co-working space, outdoor courtyard with a heated greenhouse, rooftop deck, dog run and more.

Estimated to open in the summer of 2021, Alta Columbia City is one of five projects currently in development by Wood Partners in the Pacific Northwest. Once completed, it will be Wood Partners’ third community in the Seattle area.

Newswire – May 20, 2019. ​​Wood Partners, a national leader in multi-family real estate development and acquisition, announced the land acquisition and ground breaking for its new community – Alta Warehouse District – in Phoenix, Arizona.

As the first apartment community located in the burgeoning Warehouse District of downtown Phoenix, this modern, luxury community – located at 402 W Lincoln Street – is a four-story, 300-unit community that aims to be distinguished from other multifamily communities in the Phoenix submarket.

“Alta Warehouse District is located to harness all of downtown Phoenix’s central amenities and the unique vibe of the neighborhood,” said Todd Taylor, Managing Director for Wood Partners. ”The Warehouse District is Phoenix’s newest epicenter of art, music, eateries, and housing, and this will be the first multifamily property in the area to conveniently bring all of those neighborhood amenities into the ultimate in A-Class living experience.”

Alta Warehouse District will offer close proximity to the plentiful employment opportunities of the downtown Phoenix area, as well as Arizona State University’s Downtown Campus and The University of Arizona College of Medicine. Major event centers are also nearby, including Talking Stick Resort Arena, The Van Buren, Celebrity Theatre, along with the Phoenix International Airport.

The multi-story community will boast a double-height clubhouse area and game room, oversized fitness center, resort-like pool, rooftop entertainment space, a library and music room, in addition to other cultural, community-based amenities and programming.

Scheduled to open in the second quarter of 2020, Alta Warehouse District is expected to be available for pre-leasing in spring of 2020.

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.

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.

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.

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.

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.

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.

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.

Newswire – March 19, 2019. Wood Partners, a national leader in multi-family real estate development and acquisition, announced the grand opening of its new community – Alta Trinity Green – in Dallas, Texas.

An expansive residential community located at 990 Singleton Boulevard, Alta Trinity Green is part of a 25-acre, urban residential community called Trinity Green in West Dallas. The project was designed and built in partnership with Stonelake Capital Partners, the master developer of the Trinity Green neighborhood.

“Becoming a part of the Trinity Groves neighborhood is very exciting,” said Ryan Miller, Managing Director for Wood Partners in North Texas. “Our community, Alta Trinity Green, is perfectly situated to take advantage of the tremendous growth and revitalization occurring in West Dallas, as well as employment opportunities in the area.”

Alta Trinity Green is located a mile from the Dallas Central Business District and boasts easy access to Downtown, the Arts District and the Design District, providing ample opportunities to harness high-impact career and lifestyle experiences. The community also delivers immediate access to retail, restaurants, and outdoor recreation at nearby Trinity Groves, a restaurant and entertainment hub. With over 20 restaurants and the Trinity River just a few blocks away, Alta Trinity Green is an ideal location to maximize a Class A urban living experience.

The new residential community offers top-market amenities and conveniences – such as an indoor/outdoor sky lounge with amazing views of the Dallas skyline, a one-acre dog park, spacious pool and courtyard, and an 8.5 acre adjacent shared park and open space – which make this a highly desirable location for potential renters in West Dallas.

Opening in February 2019, Alta Trinity Green totals 324 units, featuring studio, one-, two- and three-bedroom apartment homes ranging in size from 579 square feet to 1,696.

Charlotte, NC — March 18, 2019. Wood Partners, a national leader in multi-family real estate development and acquisition, announced the grand opening of its new community – Alta Warp + Weft – in Charlotte, North Carolina.

Alta Warp + Weft is a modern residential community between Uptown Charlotte and NoDa, tucked in the heart of the Optimist Park neighborhood in the city’s new historic Mill District. Alta Warp + Weft is located at 2120 N. Brevard Street, strategically located next to the new Blue Line’s 25th Street light rail stop.

“The vibrant Optimist Park neighborhood is the center of growth for urban Charlotte,” said Tom Burkert, Managing Director for Wood Partners. “With the recent expansion of the light rail, this project offers access to the job center of Uptown Charlotte and the NoDa arts district while being located in a neighborhood that is seeing new amenities being added every day.”

The new Mill District, which once housed the country’s largest grouping of historic textile-related buildings, and specifically the Optimist Park neighborhood, is a burgeoning hub for local artists. The housing community is unique for Wood Partners, as it takes design elements from the area’s industrial roots and incorporates them with artistic touches as a nod to the neighborhood’s present and future.

“Wood Partners is one of the first developers to offer high-end apartment living in Optimist Park,” said Burkert. “We are excited to continue our work with local artists, businesses and restaurants to make Alta Warp + Weft a major hub for the neighborhood.”

This community will also provide residents with access to a sophisticated culture and dynamic job market in Charlotte. With two major headquarters – Bank of America and Duke Energy – and other prominent employers including the Carolinas Healthcare System, Wells Fargo, and Novant Health, this location provides superb access to Charlotte’s major employers.

Positioned at the 25th Street stop on the Lynx light rail, Alta Warp + Weft is just two stops to Uptown Charlotte. Additionally, the community is adjacent to Little Sugar Creek Greenway, a 19-mile system of trails and greenspace. On the property, Warp + Weft includes sought-after community amenities ranging from a 24/7 fitness center with virtual trainer, a business center, swimming pool, Luxer package room, a back-porch area overlooking the future greenway incorporating community gardens and an outdoor sculpture and exclusive resident parking deck. In addition, the property hosts a lounge adjacent to the light rail stop which will feature local artists, pop-up businesses, and events open to the public.

Opened in February 2019, Alta Warp + Weft totals 261 units, featuring studios, one-, two-, and three-bedroom floor plans.

For more information, visit https://www.altawarpandweft.com.