Author: Baylee Snead

CUMMING, Ga., June 8, 2022 /PRNewswire/ — Leading national multifamily real estate developer Wood Partners today announced the groundbreaking of its latest high-end residential community—Alta North—less than an hour from downtown Atlanta in Cumming, Georgia. The new community will be developed as a joint venture with CP Capital US, a highly disciplined U.S. real estate manager specializing in multifamily investments. It is scheduled to open in late 2023 with pre-leasing officially starting in Fall 2023.

Situated at the intersection of GA 400 and Settingdown Circle in Forsyth County, Alta North will provide future residents with an array of nearby dining and retail options, as well as access to Atlanta’s city center less than an hour away. The forthcoming community will be part of a larger planned development, which will bring more than 15,000 sq. ft. of commercial space and a new public road connecting the adjacent residential development to the north to Settingdown Circle.

“Atlanta has been one of the country’s best performing rental markets since the onset of the pandemic, due to the region’s strong economic growth and in-migration,” said Kristi Nootens, Vice President of Investments at CP Capital US. “We are excited to continue our long-standing partnership with Wood Partners to deliver a top-tier multifamily project in the booming market of Forsyth County.”

Once complete, Alta North will feature 310 one- and two-bedroom apartment homes across a combination of 3-story and 3/4 split buildings. Boasting luxurious, modern finishes, each of Alta North’s apartment homes will come outfitted with rich wood-style plank flooring, top-of-the-line stainless steel appliances including microwave hoods, undermounted single bowl sinks, and designer tile backsplashes to offer residents a relaxing and welcoming place to call home. Additional high-end features include full-sized in-home washer and dryers and beautiful granite countertops in both the kitchen and bathrooms.

Outside of their homes, residents will be able to take advantage of Alta North’s best-in-class community amenities, including a resort-style swimming pool with a tanning ledge, multiple grilling stations and fire pits throughout the property, and an on-site pet park and pet spa. Within the community clubhouse, residents will also have access to a 24/7 state-of-the-art fitness center, lounge and social gathering areas, and rentable office spaces for co-working.

“Wood Partners is thrilled to continue its expansion within the Metro Atlanta market with the groundbreaking of our newest community—Alta North,” said Bennett Sands, Managing Director. “Alta North presents a prime opportunity for Wood Partners to capitalize on the on-going growth across Georgia, and we look forward to continuing to play a positive role in the area’s development by delivering Wood Partners’ signature mix of comfort and luxury to future residents.”

Wood Partners has partnered with CP Capital, formerly known as HQ Capital Real Estate, on 22 development projects in the past, most recently Alta 99th in Phoenix, Arizona.

About Wood Partners
Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 90,000 multifamily homes with a combined capitalization of $17.5 billion. The company currently owns 70 properties across the United States representing more than 20,000 homes. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates Wood Residential, an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For two years running, Wood Residential has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

About CP Capital US
CP Capital, formerly known as HQ Capital Real Estate, is a highly disciplined U.S. real estate investment manager focused on the multifamily sector. Founded in 1989, the firm has invested in more than $15 billion of U.S. real estate through sponsored funds and separate accounts on behalf of global institutions, family offices and ultra-high net worth individuals. These investments total more than 70,000 residential units and 21 million square feet of commercial space. In-house capabilities of CP Capital also include asset and construction management, capital markets, legal, reporting, and tax structuring expertise. Through its consistent participation in the market over the past three decades, the firm has developed deep relationships across the real estate industry. CP Capital’s primary investment strategy focuses on opportunistic and value-add rental apartment investments with best-in-class joint venture partners in growth markets throughout the U.S., which has resulted in a strong track record of more than 230 realized multifamily fund investments as of March  31, 2022. Visit cpcapitalus.com for more information.

Contact: Nick Fischer, nick.fischer@bcw-global.com

WORCESTER, Mass., May 31, 2022 /PRNewswire/ — National multifamily real estate development leader Wood Partners today announced groundbreaking on its newest high-end residential community, Alta on the Row, marking the company’s first development in Worcester, Massachusetts. Opening of the community is slated for December 2023 with pre-leasing officially starting in October 2023.

Located at 22 Mulberry Street, Alta on the Row will be positioned in the heart of Worcester’s renowned “Restaurant Row,” providing residents with a wide range of dining and entertainment opportunities, including Wormtown Brewery and Leo’s Ristorante, directly adjacent to the property. Alta on the Row will also provide residents with quick access to some of the city’s top employers including UMASS Memorial Health, Saint Vincent Hospital, Hanover Insurance Group, as well as top higher education institutions including UMASS Chan Medical School, Worcester Polytechnic Institute, and Holy Cross.

“Wood Partners is thrilled to break ground on Alta on the Row, our first luxury property in the thriving City of Worcester,” said Jim Lambert, Managing Director. “Working with the City of Worcester on this project has been a truly collaborative process from the start, which makes us all the more excited to welcome new residents to the community next year and introduce them to Wood Partners’ signature approach to sophisticated living.”

At completion, Alta on the Row will offer 370 apartments comprised of one-, two- and three-bedroom floorplans. Featuring sophisticated, modern design finishes, each of Alta on the Row’s apartment homes will be fully outfitted with luxurious wood-style plank flooring, top-of-the-line stainless steel Samsung appliances, and quartz countertops in the kitchen and bathrooms to provide a cozy and welcoming place to call home. Additional high-end features include full-sized in-home washer and dryers, Schlage smart locks, shower and tub tile surrounds, and modern kitchen pendant lighting in select homes.

Throughout the property, residents can also indulge in Alta on the Row’s best-in-class community amenities, including a rooftop lounge with unobstructed views of downtown Worcester, a resort-style pool with turf surround, multiple grilling stations and firepits, an outdoor “living room” connecting the two courtyards, and an on-site pet spa and dog park with covered dog wash stations. Inside, residents will also have access to a 24/7 state-of-the-art fitness area with cardio and strength equipment, a game lounge and golf simulator lounge, co-working spaces, and ample lounge seating adjacent to both of the courtyards, as well as the rooftop lounge and clubhouse.

Alta on the Row’s prime location will be within walking distance of Union Station, enabling residents to easily reach Boston via the MBTA Commuter Rail. Closer to home, residents will have no shortage of great shopping and entertainment options with leading retail sites like Mercantile Center and Worcester Common, as well as the DCU Center and Polar Park just a few miles from the property.

About Wood Partners
Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 90,000 multifamily homes with a combined capitalization of $17.5 billion. The company currently owns 70 properties across the United States representing more than 20,000 homes. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates Wood Residential, an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For two years running, Wood Residential has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

CONTACT: Nick Fischer, nick.fischer@bcw-global.com

SOURCE Wood Partners

FORT WORTH, Texas, May 5, 2022 /PRNewswire/ — National multifamily real estate development leader Wood Partners today announced the official grand opening of its newest luxury residential community, Alta Landing, located in one of Dallas-Fort Worth’s top submarkets.

Located at 3100 N. Joplin Road along the 287 Corridor, Alta Landing is situated just 10 miles south of downtown Fort Worth, providing residents with quick access to top employers across Fort Worth and the mid-cities, as well as key local attractions like AT&T Stadium, Globe Life Field, and Six Flags Over Texas. Closer to home, residents can also enjoy the comfort and familiarity of small town living with local retailers, grocery stores, restaurants, and entertainment options just a short walk from the community.

“We are excited to welcome residents to Wood Partners’ newest community—Alta Landing—ideally situated between Fort Worth and Arlington in one of the area’s fastest growing neighborhoods,” said Ryan Miller, Managing Director at Wood Partners.

“We are particularly enthused about Alta Landing given it represents the first implementation of Wood Partners’ new high-efficiency development model in North Texas,” continued Miller.  “Our new model is uniquely designed to leverage the most efficient design and construction techniques in the industry today without sacrificing the quality, appearance, and finishes that our residents have come to expect from Alta properties.  As a result, we can offer our residents exceptional quality and value in a market where rent growth and cost of living remain top concerns.”

Alta Landing boasts 270 apartment homes consisting of one-, two- and three-bedroom floor plans finished in warm, inviting tones with a heightened level of modern sophistication. Each apartment home comes fully outfitted with high-end interior finishes including granite countertops, stainless steel appliances, tile backsplashes and upgraded fixtures. In addition, residents will have the convenience of in-home washers and dryers and wood-style plank flooring to welcome them home after a long day.

Residents of Alta Landing will also have access to the community’s top-notch amenities, including a resort-style pool with tanning deck, a courtyard with outdoor seating, a fire pit and grilling areas, an on-site dog park and other convenient pet facilities. Inside, the community clubhouse features a state-of-the-art 24/7 fitness facility complete with Precor equipment, a social clubroom with a kitchen and arcade, a Wi-Fi lounge with reservable private offices and conference room, as well as ample seating to enjoy a beverage from the on-site coffee bar.

Alta Landing is managed by Wood Residential. Visit https://www.livealtalanding.com/ to get leasing information or learn more.

About Wood Partners
Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 90,000 multifamily homes with a combined capitalization of $17.5 billion. The company currently owns 70 properties across the United States representing more than 20,000 homes. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates Wood Residential, an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For two years running, Wood Residential has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

PORTLAND, Ore. , March 31, 2022 /PRNewswire/ — Leading multifamily real estate developer Wood Partners announced today the official grand opening of its latest luxury residential community, Alta ART Tower, located in Portland’s rapidly growing Goose Hollow neighborhood.

The new community is located at 1510 SW Alder Street, adjacent to the Artist Repertory Theatre (ART), which plans to offer special programming and experiences specifically for residents, guests, and prospects. The community is also neighbors with Providence Park, home of the Portland Timbers and Portland Thorns Football Clubs. Residents will have easy access to top retail, dining and entertainment establishments in some of Portland’s most highly coveted neighborhoods including the Pearl District, the West End, Downtown, and the Alphabet District. The premier location is also accessible to more than 100,000 jobs from top employers including Weiden+Kennedy, US Bank, Airbnb, and Nike.

“We are thrilled to welcome residents to Wood Partners’ latest community—Alta ART Tower—centrally located near several of Portland’s most popular and sought-after neighborhoods,” said Michael Nagy, Managing Director at Wood Partners. “Our top-of-the-line community seamlessly blends art, community and high-end living unlike any other residential property in the Pacific Northwest and provides residents with a prime location to explore and call home.”

Alta ART Tower offers 314 apartment homes consisting of one-, two- and three-bedroom floor plans, with awe-inspiring high-rise views of Portland from the property’s penthouse terrace. These 314 apartment homes will include 14 affordable units at 60% AMI in partnership with the City of Portland’s inclusionary housing program. Each unit features modern architectural finishes complete with top-quality interior packages, multiple interior color schemes and floor-to-ceiling windows. Key features within each home include stainless steel appliances, luxurious exposed concrete ceilings, walk-in showers and soaking tubs, solar shades, and walk-in closets with custom closet systems to create a unique and elegant atmosphere for residents.

Residents of Alta ART Tower will find artistic inspiration throughout the property’s exceptional community amenities, including a penthouse lounge and terrace, a grand lobby, an art gallery, performance stages, an enclosed sound and karaoke room, and a co-working lounge. The property is also outfitted with an on-site fitness center and bike repair station with secure parking and storage for residents’ bikes.

Alta ART Tower is managed by Wood Residential. Visit https://altaarttower.com/ for more information.

Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 90,000 multifamily homes with a combined capitalization of $17.5 billion. The company currently owns 70 properties across the United States representing more than 20,000 homes. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates Wood Residential, an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For two years running, Wood Residential has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

A joint venture of CP Capital, a highly disciplined U.S. real estate manager specializing in multifamily investments, and Wood Partners (“Wood”), a leading, fully integrated real estate company with expertise in development, construction, and property management, today announced they will be developing ‘Alta 99th’ – a 402-unit multifamily development project in Phoenix, Arizona.

Alta 99th sits in the West Valley submarket of Phoenix – offering high levels of accessibility and visibility due to its proximity to Loop 101, which has significant drive by traffic of over 135,000 vehicles per day. The sprawling site is also positioned near the brand new Loop 202, providing quick access to Metro Phoenix’s East Valley, a burgeoning tech hub for the metropolitan area.

Construction on the project is expected to begin in late March 2022, with completion slated for January 2024.

“Phoenix has maintained both a robust economy and positive apartment fundamentals in recent years, as the city benefits from steady in-migration resulting in above average job and population growth,” said Paul Doocy, Co-Head of CP Capital. “We are proud to continue our longstanding partnership with Wood Partners to deliver Alta 99th in this suburban submarket and continue to generate strong returns for our investors.”

Alta 99th will feature Class-A unit interior finishes such as stainless steel appliances, stone-surface countertops, and vinyl wood flooring. Community amenities will include a fitness center, resort-style swimming pool, dog park, detached garages, and surface parking spots.

The development will also benefit from its proximity to numerous retail and employment nodes – situated less than five minutes from the Westgate Entertainment District, home to over eight million square feet of retail space and restaurants, as well as premier entertainment venues like the Gila River Arena and the Desert Diamond Casino. The project is also near four top hospitals and a large and expanding logistics and industrial market.

“We are thrilled to continue developing multifamily spaces in the rapidly growing Phoenix area, and could not ask for a better partner in CP Capital,” said Todd Taylor, Wood Partners Managing Director, Phoenix. “We plan to implement our I-Smart solution in the development – a Class-A product with design features that allow for a more efficient building. Additionally, the size of this site will allow for a unique low-density community, complete with multiple outdoor amenity engagement areas, which is rare for Phoenix.”

CP Capital, formerly known as HQ Capital Real Estate, has partnered with Wood Partners on 21 development projects in the past, most recently Alta Gateway in Tampa, Florida.

SCOTTSDALE, Ariz., March 1, 2022 /PRNewswire/ — Leading multifamily real estate developer Wood Partners announced today the official grand opening of its latest luxury residential community, Alta Raintree, located in Scottsdale, Arizona.

This new luxury apartment community is situated on E Raintree Drive in North Scottsdale, one of the most sought-after residential areas in the Phoenix Metro. Alta Raintree offers residents easy access to renowned outdoor activities, dining, nightlife and shopping, including Kierland Commons and Scottsdale Quarter, which offer some of the best retail options in Scottsdale. Residents of Alta Raintree can also enjoy a round of golf at the many nearby courses, or explore more than 40-miles of hiking, mountain biking and horseback riding trails at McDowell Mountain Regional Park.

“We are pleased to welcome residents to Wood Partners’ newest development—Alta Raintree—located in one of Scottsdale’s most coveted neighborhoods,” said Todd Taylor, Managing Director. “This latest top-of-the-line community truly captures the high level of features and amenities that Wood Partners is known for, while also providing residents with access to some of the city’s best retail, entertainment and dining offerings just minutes from their front door.”

Alta Raintree offers 330 apartment homes consisting of one-, two- and three-bedroom floor plans. Each unit features modern architectural finishes complete with high quality interior packages, while many exterior facing units offer stunning views of Scottsdale and the McDowell Mountains. Key features include stainless steel appliances, luxurious quartz kitchen countertops with tile backsplash, electronic door entry, and wood-inspired plank flooring to create a timeless and tasteful atmosphere for residents. Additionally, units boast Kohler® bathroom accessories with illuminated mirrors and frameless showers, as well as in-unit washer and dryer sets. Select units feature additional upgrades including side-by-side refrigerators, double ovens, vent hoods and wine refrigerators to bring an added touch of luxury.

Alta Raintree offers a plethora of unique community amenities for residents to enjoy, including a Sky Lounge with expansive views of the McDowell Mountains, a resort-style pool with tanning deck and jacuzzi, and an outdoor game courtyard and putting green. The property is also outfitted with an on-site pet park and multiple outdoor entertainment areas complete with grilling stations. Indoors, residents have access to a fitness center featuring on-demand yoga, a meditation area, a Wi-Fi lounge, a conference area with micro-offices, clubroom and an on-site library and speakeasy. Urbo Market and coffee bar, the on-site convenience market concept created by Wood Partners, will offer coffee, wine, gourmet snacks and more to residents as well.

Alta Raintree is managed by Wood Residential. Visit www.AltaRaintree.com for more information.

About Wood Partners
Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 90,000 multifamily homes with a combined capitalization of $17.5 billion. The company currently owns 70 properties across the United States representing more than 20,000 homes. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates Wood Residential, an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For two years running, Wood Residential has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

GRAND PRAIRIE, Texas, Feb. 16, 2022 /PRNewswire/ — National multifamily real estate development leader Wood Partners today announced the grand opening of its latest luxury residential community—Alta Grand Crossing—in the blossoming neighborhood of Grand Prairie, Texas.

Nestled between Dallas and Fort Worth, Alta Grand Crossing features 322 apartment homes located at 1661 S Forum Drive. The community offers one-, two- and three-bedroom floor plans across the expansive 15-acre property. Positioned minutes from local college campuses, top employers and local attractions, Alta Grand Crossing offers residents local convenience paired with luxury living. Key employers in the area include Airbus, Lockheed Martin, and Bell Helicopter, along with the University of Texas at Arlington and Tarrant County College.

“Alta Grand Crossing strikes the perfect balance between casual comfort and luxury living in a convenient suburban environment,”  said Ryan Miller, Managing Director for Wood Partners. “As we welcome residents to one of the newest communities in the Grand Prairie area, Wood Partners looks forward to cultivating a locally-focused community of luxury apartment homes with five-star customer service.”

With spacious nine-foot ceilings, each apartment home is fully outfitted with contemporary design elements including rich wood-style plank flooring, expansive kitchen islands, and gorgeous granite countertops. Additional luxury features offered include state-of-the-art Whirlpool® stainless steel appliances, full-sized in-unit washer and dryer sets, fenced-in outdoor yards, and keyless entry.

Alta Grand Crossing will also provide best-in-class community amenities for residents to enjoy, including a resort-style swimming pool, lush courtyards, an expansive on-site pet park and “paw-spa.” The property also houses a lavish resident clubroom and coffee bar, a 24/7 fitness center with a superior collection of traditional and high-tech equipment, and a business center featuring executive conference rooms.

Alta Grand Crossing’s prime location boasts direct access to the President George Bush Turnpike and I-20, making residents’ day-to-day commutes a breeze. In addition, residents enjoy easy access to popular retailers such as IKEA, Home Depot and the Grand Prairie Premium Outlets. The property is also just minutes from Grand Prairie’s new mixed-use development, The Epic, a 170-acre, wide-ranging entertainment destination that includes a year-round waterpark with a retractable roof.

Alta Grand Crossing is managed by Wood Residential. For more information, visit https://www.altagrandcrossing.com/.

About Wood Partners
Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 90,000 multifamily homes with a combined capitalization of $17.5 billion. The company currently owns 70 properties across the United States representing more than 20,000 homes. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates Wood Residential, an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For two years running, Wood Residential has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

GEORGETOWN, Texas, Feb. 14, 2022 /PRNewswire/ — National multifamily real estate development leader Wood Partners today announced groundbreaking on its newest luxury residential community—Alta Berry Creek—in the thriving Austin suburb of Georgetown, Texas. The planned opening of the community is scheduled for January 2023 with pre-leasing officially starting in late 2022.

Located at 2201 SH 195, Alta Berry Creek will be part of the forthcoming Berry Creek Highlands master development. This 314-acre master planned community will bring more than 1,500 single family homes, new retail options, a future onsite elementary school, and a 20+-acre park to the Georgetown area. With the community’s prime location, residents will be just minutes away from large corporate employers, major health care systems, outdoor recreation offerings and popular retailers. Key employers in the area include Apple, Dell, Samsung, GM, Emerson, The Home Depot Technology Center, HID, Tesla, and numerous organizations in the retail and health care industries.

“The Georgetown area is thriving, and Wood Partners is thrilled to be part of fueling the growth of this city,” said Bart Barrett, Managing Director for Wood Partners. “Alta Berry Creek is a prime example of how Wood Partners seeks to generate exceptional living experiences for residents at attainable prices. This community will give residents an opportunity to enjoy all that Georgetown has to offer.”

Once complete, Alta Berry Creek will feature 300 apartment homes offering one-, two- and three-bedroom floorplans. Each of Alta Berry Creek’s apartment homes will be outfitted with rich wood-style plank flooring, state-of-the-art Whirlpool stainless steel appliances, and designer tile backsplashes to provide residents with a warm and inviting place to call home. Additional luxury finishes include full-sized in-home washer and dryers, 42″ kitchen cabinets, and beautiful granite countertops. Select homes will also feature an upgraded technology package, equipping residents with added connectivity and security.

Alta Berry Creek will also provide its residents best-in-class community amenities, including a resort-style swimming pool, an outdoor kitchen, an on-site pet park and multiple dog wash stations.  Inside the Club Room, residents will be able to enjoy a 24/7 state-of-the-art fitness center, expansive lounge, and entertaining spaces, as well as a fully equipped business center featuring a conference room and micro-offices.

Within minutes of the community, residents have easy access to Interstate 35, providing a direct route to and from Austin and other surrounding areas. Alta Berry Creek sits just north of The Domain — one of Austin’s premier dining and entertainment venues — and offers excellent access to surrounding retail in Georgetown’s downtown area and the Round Rock outlets. In addition, residents can explore “The Most Beautiful Town Square in Texas” located in historic Georgetown, sample cuisine from local farm-fresh dining destinations, and take advantage of the area’s abundance of gorgeous outdoor trails and parks.

About Wood Partners
Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 90,000 multifamily homes with a combined capitalization of $17.5 billion. The company currently owns 70 properties across the United States representing more than 20,000 homes. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates Wood Residential, an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For two years running, Wood Residential has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

RALEIGH, N.C., Feb. 3, 2022 /PRNewswire/ — Wood Partners, a national leader in multifamily real estate development, today announced the groundbreaking of its newest luxury residential community—Alta Vale—located in Raleigh, North Carolina. The community is scheduled to open in March 2023 with pre-leasing expected to begin in early 2023.

“Wood Partners is excited to officially break ground on Alta Vale, which will provide a new level of luxury living for residents in and around the Raleigh area,” said Caitlin Shelby, Managing Director for Wood Partners. “Alta Vale will be a perfect addition to our existing North Carolina portfolio as we continue to see tremendous growth within Raleigh and the surrounding area.”

Once complete, Alta Vale will offer 306 apartments comprised of one-, two- and three-bedroom floor plans. Each of the property’s units will be equipped with modern, high-end finishes including quartz countertops, stainless steel appliances, tile backsplashes, in-home washer and dryer sets, and vinyl plank flooring throughout the kitchen, living room and baths.

Alta Vale will also provide residents with an expansive array of community amenities including a resort-style pool, an outdoor kitchen and lounge, an on-site dog park and access to the Crabtree Creek greenway trail. Inside, residents can also enjoy the property’s luxurious club house complete with a state-of-the-art fitness center, resident café, game room, co-working and conference spaces, pet spa and ample entertainment areas. All common areas throughout the community will feature an urban design and will be equipped with high-speed internet hotspots to ensure no shortage of connectivity.

Located just outside the 440 Beltline in Raleigh, the forthcoming property’s prime location will provide residents with easy access to all the city’s most sought after offerings, including more than 100,000 jobs in downtown Raleigh, North Carolina State University, and the famed Research Triangle Park (RTP). Alta Vale also boasts proximity to many of Raleigh’s top retail and dining establishments, as well as the North Carolina Museum of Art, PNC Arena, Raleigh-Durham International Airport, and 5,600-acre Umstead State Park.

“We designed Alta Vale to provide residents with the best of both worlds—a modern, luxurious community to call home located in a prime location with direct access to Raleigh’s Crabtree Creek greenway,” added Shelby. “The addition of Alta Vale comes on the heels of Wood Partners’ significant growth in the Raleigh market in 2021, including the recent openings of Alta Davis in Morrisville and Alta Wren in Cary. We look forward to welcoming new residents home early next year and continue to seek out new opportunities to bring our unique brand of high-end living to additional locations throughout the Research Triangle.”

About Wood Partners
Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 90,000 multifamily homes with a combined capitalization of $17.5 billion. The company currently owns 70 properties across the United States representing more than 20,000 homes. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide. The company also operates Wood Residential, an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For two years running, Wood Residential has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

Contact: Katie Mcadams, Katie.McAdams@bcw-global.com

SOURCE Wood Partners

DALLAS, Feb. 1, 2022 /PRNewswire/ — National multifamily real estate development leader Wood Partners today announced the groundbreaking of its newest luxury residential community—Alta at The Farm—located in the Dallas area. With construction on the new apartment community currently underway, Alta at The Farm is scheduled to open in early 2023.

Alta at The Farm will be ideally situated within The Farm, a newly constructed 135-acre mixed-use development in the prominent Dallas suburb of Allen, TX. At full build-out, The Farm will host a mix of office, retail, entertainment, and residential facilities. Unique highlights of The Farm will include a 16-acre greenbelt and open space spanning the entire length of the development, a 2.5-acre lake and boardwalk with numerous dining options, multiple pocket parks and multi-use trails that connect to the broader Allen trail system. Furthermore, Alta at The Farm will be right next door to the first Texas location of The Hub, a multifaceted outdoor entertainment and retail venue that originated in Watersound Beach along 30A in the Florida Panhandle.

“We are excited to continue growing Wood Partners’ portfolio of properties in the Dallas/Fort Worth area with the groundbreaking of Alta at The Farm,” said Ryan Miller, Managing Director for Wood Partners. “The Farm master development will offer an amazing collection of both boutique and name-brand restaurant, shopping, and entertainment options. Additionally, outdoor enthusiasts young and old will be captivated by the multitude of outdoor experiences available to them across the acres and acres of parks, open space, and trails nearby.”

“The Farm will be an exciting new opportunity for live, work and play in the city of Allen, and we are thrilled to have Alta at The Farm as part of this great project,” said Bruce Heller, president of JaRyCo. “Working with great companies like Wood Partners is a key part of our strategy in making this great development come to life.”

Alta at The Farm’s midrise design will feature 325 apartment homes, offering residents a mix of studio, one- and two-bedroom floor plans. Each unit will provide best-in-class finishes including high-end kitchens featuring granite countertops, stainless steel appliances, upgraded fixtures, and tile backsplash, as well as in-unit technology, keyless entry, wood plank flooring and in-unit washer and dryer sets. The development will also offer residents access to a top-tier amenities package, headlined by a resort-style pool with tanning ledges, a second courtyard with grilling areas and fire pits, a community clubhouse featuring a state-of-the-art fitness facility, private fitness micro-studios, and a Sky Room and roof deck overlooking West Lake Park. There will also be remote working areas, social gathering spaces, and enhanced Wi-Fi throughout the common areas.

Situated along US 75 and the Sam Rayburn Tollway, the property will provide easy access to local shopping, dining, and entertainment, as well as major employers including Globe Life Insurance, Medical City McKinney, Emerson, Methodist McKinney Hospital and Raytheon. Legacy West and the North Platinum corridor are also just a few miles down the Sam Rayburn Tollway. Additionally, Alta at The Farm will be located within 25 minutes of DFW and Love Field airports for convenient travel in and out of the city.

“With its prime location and expansive list of attractions on-property and within The Farm community, Alta at The Farm will offer residents an ideal combination of city living blended with the charm of one of Dallas’ most sought after suburbs,” added Miller. “We look forward to the community’s grand opening early next year.”

For residents interested in calling the new apartment community home, pre-leasing for Alta at The Farm will begin in Winter 2022.

About Wood Partners
Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of nearly 90,000 multifamily homes with a combined capitalization of $16.5 billion. The company currently owns 70 properties across the United States representing more than 20,000 homes. Headquartered in Atlanta, Wood Partners has offices in 21 major markets across 14 states nationwide. The company also operates Wood Residential, an award-winning, full-service property management group that proudly operates both properties developed by Wood Partners and communities owned by third parties. For two years running, Wood Residential has ranked No. 1 nationally for online reputation in the J Turner ORA™ Power Rankings (Division III). For more information, visit woodpartners.com.

About JaRyCo
JaRyCo Development LLC was created in 2001 by Bruce R. Heller, who saw an opportunity to pursue development in a manner not common within the industry. With more than 42 years of experience in the design, construction and development of major real estate projects, Heller leads JaRyCo to focus on finding development opportunities which truly make sense from a long-term business perspective, both from an investment standpoint and most importantly from the end user standpoint. Since its founding, JaRyCo has completed a variety of project types including: office buildings, corporate headquarters, medical office buildings, specialty hospitals, office flex, hotels and land development. Mr. Heller has been responsible for the development of nearly 4 million square feet of real estate with a total development cost of well over half a billion dollars. For more information, visit jaryco.com.

Contact: Nick Fischer, nick.fischer@bcw-global.com

SOURCE Wood Partners