Wood Partners Announces Grand Opening of Alta Cathedral Lakes in Spring, TX

SPRING, Texas, January 18, 2021 (Newswire.com) – Wood Partners, a national leader in multi-family real estate development, announced today the grand opening of its newest luxury residential community – Alta Cathedral Lakes – in Spring, Texas. Leasing is currently underway at the community and more information can be found at AltaCathedralLakes.com.

Located at 698 Basilica Bay Branch Drive, Alta Cathedral Lakes is just 30 miles north of Houston via Interstate 45. In addition to I-45, the new community is conveniently located near Texas State Highway 99 and the Hardy Toll Road offering residents easy access to many nearby lifestyle conveniences and employment opportunities and the rest of the greater Houston area.

Major employers in the area include ExxonMobil, Daikan Southwestern Energy and American Bureau of Shipping. Hewlett Packard Enterprise also recently announced plans to relocate its headquarters from San Jose, California, to a brand new campus in the Greater Houston area, which is under construction in CityPlace at Springwoods Village. Other major area employers include CHI St. Luke’s Health, Memorial Hermann and Texas Children’s Hospital in The Woodlands. The community is also close to the Hine’s Pinto Business Park that includes employers such as Amazon, The Coca-Cola Company, Sysco Corporation, Grocers Supply and Alfa Laval.

“Alta Cathedral Lakes is an ideal option for residents who desire to live in a first rate luxury community in the Spring area that is conveniently located next to major employers and world class retail,” said Bart Barrett, Managing Director for Wood Partners. “Whether you’re a young professional or a family of three, this new community provides a very comfortable and convenient place to live.”

Recreational opportunities for residents to enjoy in the area include Cynthia Woods Mitchell Pavilion, The Woodlands Country Club, George Mitchell Nature Preserve, Sky Zone, Legends Sports Complex and eight different golf courses within a 15-minute drive. Additionally, the George Bush Intercontinental Airport is a 20-minute drive away, making the community a convenient place to live for those who travel.

Residents will also enjoy being within a 10-mile radius of a plethora of retail and restaurant options including Springwoods Village, Pinecroft Center, Portofino Shopping Center, The Woodlands Mall, Market Street, Grand Parkway Marketplace and Waterway Square.

Alta Cathedral Lakes has best-in-class amenities and finishes. The community’s 300 units feature stainless steel appliances, granite countertops, tile backsplashes, 42″ cabinets, wood-style flooring and full-sized washer and dryers.

Amenities for the entire community to enjoy include a state-of-the-art fitness center, a sparkling resort-style pool, business center with co-working spaces and reservable conference rooms, dog park and wash, bike storage and an outdoor courtyard with a kitchen.

 

About Wood Partners

Wood Partners is a national real estate company that acquires, develops, constructs and property manages multifamily communities. The company has been involved in the acquisition and development of more than 85,000 multifamily homes with a combined capitalization of more than $15.6 billion nationwide. The company currently owns 68 properties across the United States with a combined total of more than 18,000 homes. Wood Partners has offices in 20 major markets nationwide including Atlanta, Austin, Boston, Charlotte, Chicago, Dallas, Denver, Houston, Los Angeles, Nashville, Orange County, Orlando, Phoenix, Portland, Raleigh-Durham, Salt Lake City, San Francisco, Seattle, Washington, D.C., and West Palm Beach.

Wood Partners Announces Groundbreaking of Alta Austin Avenue in Booming Community of Georgetown, Texas

Wood Partners, a national leader in multi-family real estate development, announced today the groundbreaking of its newest luxury residential community – Alta Austin Avenue – in Georgetown, Texas. Construction is underway, and the community is scheduled to open in Winter 2021.

“We are excited to continue to expand our footprint in the Greater Austin MSA,” said Bart Barrett, Managing Director for Wood Partners. “Georgetown is one of the fastest growing cities in America with booming economic growth. We are excited for the opportunity to meet the needs of the ever expanding population by providing high-quality, reasonably priced housing.”

Alta Austin Avenue will feature best-in-class amenities and finishes. The community’s 312 apartment homes will feature Whirlpool stainless steel appliances, granite countertops, designer tile backsplashes, 42″ cabinets, wood-style flooring, tile in the bathrooms and full-sized washer and dryers. Floor plans will include one-, two- and three-bedroom apartment homes.

Resident amenities will lead the Class A market with a luxurious clubroom, 24/7 fitness center, business center with micro-office spaces and conference room, expansive entertaining spaces, an outdoor kitchen, dog park and resort-style swimming pool. All common areas will also feature Wi-Fi.

Located at 2601 North Austin Avenue, the new community is centrally located along heavily traveled I-35, offering convenient access to surrounding residential communities including Round Rock, Leander, Hutto, and Cedar Park. I-35 also provides quick access to Austin which is only 30 miles south of the community. The community will be located just north of Georgetown High School and is directly across the street from the school district’s stadium.

The North Austin area has increasingly become a preferred location for large corporate tenants and is home to major employers including Dell, Samsung, GM, Emerson, The Home Depot Technology Center and HID. Oracle Corporation and Tesla are two of the latest tech companies to announce their relocation to the Austin area. The Georgetown area also has a robust health system including Baylor Scott & White Health, St. David’s Georgetown Hospital, St. David’s Round Rock Medical Center and Seton Medical Center Williamson County.

Additionally, Georgetown’s first master-planned industrial business park – NorthPark35 – is in phase one of development and is expected to be completed in spring of 2021. The project is located one mile from Alta Austin Avenue and will include two buildings totaling more than 330,000 square feet, as well as the extension of Aviation Drive. One building will be partially occupied by Georgetown-based Texas Speed and Performance, and the remaining space will be available for future industrial tenants.

Convenient retail options within close proximity include H-E-B, Walmart, Round Rock Premium Outlets and other everyday retailers like Target, Michael’s and The Home Depot. Local restaurant destinations include Monument Café, The Uptown Social and the Hat Creek Burger Company as well as fast-casual options like Panera Bread, Chik-fil-A and Starbucks.

About Wood Partners

Wood Partners is a national real estate company that acquires, develops, constructs and property manages multifamily communities. The company has been involved in the acquisition and development of more than 85,000 multifamily homes with a combined capitalization of more than $15.6 billion nationwide. The company currently owns 68 properties across the United States with a combined total of more than 18,000 homes. Wood Partners has offices in 20 major markets nationwide including Atlanta, Austin, Boston, Charlotte, Chicago, Dallas, Denver, Houston, Los Angeles, Nashville, Orange County, Orlando, Phoenix, Portland, Raleigh-Durham, Salt Lake City, San Francisco, Seattle, Washington, D.C., and West Palm Beach.

Wood Partners Announces the Opening of Its 20th U.S. Office in Salt Lake City

 

SALT LAKE CITY, November 13, 2020( NEWSWIRE.COM)- Wood Partners, a national leader in multi-family real estate development and acquisition, today announced the opening of a new office in Salt Lake City. The expansion represents the 20th Wood Partners office in the United States.

 

The Atlanta-based company is one of the largest multifamily real estate developers in the country and is known for creating distinct communities of lasting value and delivering a solid return on investment to its investors. In recent years, Wood Partners has experienced tremendous growth by transacting $1 billion or more in new investments annually and expanding into strategic new markets.

 

Since 1998, Wood Partners has developed more than 85,000 homes with a combined value of more than $15.6 billion.

 

“Opening this new office in a desirable, up-and-coming market like Salt Lake City gives us an enormous opportunity for growth and new development,” said Joe Keough, Chairman and Chief Executive Officer for Wood Partners. “We are pleased to see our footprint continue to grow with this new office and local team.”

 

Wood Partners has hired Marcus Robinson, a real estate development veteran, as Director of Development for the market. Robinson will be overseeing the new office and all new development activities in the Salt Lake City area.

 

Prior to joining Wood Partners, Robinson served as a Senior Development Manager at Toll Brothers in Salt Lake City, and previously served the Southern California market. He received an undergraduate degree in Business from Brigham Young University and earned a master’s degree in Real Estate Development from the University of Southern California.

 

The new Wood Partners office is located at 532 E 770 N, Orem, UT, and can be reached at 801-369-5662.

 

About Wood Partners

Wood Partners is a national real estate company that develops, constructs and manages multifamily communities. The company has been involved in the acquisition and development of more than 85,000 multifamily homes with a combined capitalization of more than $15.6 billion nationwide. The company currently owns 68 properties across the United States with a combined total of more than 18,000 homes. Wood Partners has offices in 20 major markets nationwide including Atlanta, Austin, Boston, Charlotte, Chicago, Dallas, Denver, Houston, Los Angeles, Nashville, Orange County, Orlando, Phoenix, Portland, Raleigh-Durham, San Francisco, Seattle, Washington, D.C., West Palm Beach and Salt Lake City.

The Wexley at 100 wins Awards for Excellence-Best Lease-Up Pace

 

October 22, 2020- The Wexley at 100 has been selected as the winning property for Delta Associates’ 24th Annual Apartment and Condominium Industry Awards for Excellence in the category of Best Lease-Up Pace for a Baltimore Apartment Community.  With an average of 43 leases per month, this team leased up in only 6 months and exceeding everyone’s expectations.  Their hard work and dedication truly paid off.

Wood Partners Announces Grand Opening of Alta Washington in Houston

Wood Partners, a national leader in multi-family real estate development, announced today, in partnership with Principal Real Estate Investors, the grand opening of its newest luxury residential community – Alta Washington – in Houston, Texas. The seven-story community features 204 units comprised of one and two-bedroom apartment homes as well as six, three-story townhouses. Leasing is currently underway at altawashington.com with the first move-ins scheduled for early November.

Located in the Memorial Park area just outside of Downtown Houston, the new community offers easy access to several major employment hubs including the Downtown, Galleria/Uptown, and Greenway Plaza areas. For activities outside of work, Memorial Park, which has recently started a multi-million dollar renovation with completion expected in 2028, offers a combination of indoor and outdoor activities including hiking trails, cycling and skating paths, an 18-hole golf course, tennis and croquet courts, an indoor fitness center, swimming pool and a playground with picnic areas.

“The Wood Partners team is excited to begin leasing Alta Washington,” said Bart Barrett, Managing Director for Wood Partners. “The community offers residents luxurious living that is right next to one of the most popular and desirable amenities in the city, Memorial Park.”

Alta Washington is located within the Washington Corridor, one of Houston’s most popular nightlife areas known for its mix of trendy lounges, sports pubs, live music venues, wine bars and some of the most-loved restaurants in the city.

Located at 6400 Washington Avenue, Alta Washington is near several main roads and freeways including Westcott Street, Shepherd Drive, Allen Parkway, Waugh Drive, Loop 610, and Interstates 10 and 45, giving residents convenient access to the rest of the Houston megaregion, as needed.

The apartment interiors have open-concept floor plans featuring impressive kitchens – with quartz countertops, designer tile backsplash and ENERGY STAR stainless steel appliances – and modern hardwood-style flooring throughout most of the home. Residents will also have the ability to add Whiz Cribs, an upgraded technology package featuring Amazon products, to their apartment home.

State-of-the-art amenities on-site include a clubroom, game room, a seventh-story sky lounge with a kitchen and dining area, a business center with a conference room and micro-offices, a fitness center and a Luxer One package room. Outdoor amenities include a resort-style swimming pool with outdoor grills located on the third level and a second-story dog park. All common areas will provide residents with wireless connectivity and will feature the latest in audio/visual technology and urban living design.

Wood Residential Services Retained by TA Realty to Manage Portfolio of Western U.S. Communities

Phoenix, Ariz. October 15, 2020(Newswire.com) – Wood Residential Services, a national leader in multi-family real estate management, announced today that it has been retained by TA Realty to manage three luxury apartment communities  – Valentina by Alta in San Diego, Alta North Central in Phoenix and Alta Green Mountain in Lakewood, Colorado.

 

The agreement involves two top-tier companies: Wood Residential Services (WRS), a premier real estate management firm recently named the #1 manager for its online reputation in the J Turner Research rankings (Division III), and TA Realty, one of the largest and most experienced providers of real estate investment management services in the U.S.

 

“The entire Wood Residential Services team is excited to work with TA Realty as we continue to expand our management portfolio,” said Steve Hallsey, Managing Director for Wood Residential Services. “Strong third-party agreements like these will enable us to continue making a positive impact on these communities, by delivering exceptional customer service to our residents and a solid ROI for our partner.”

 

Each apartment community offers residents exceptional amenities and state-of-the-art home features like upgraded cabinetry, appliances and more.

 

Valentina by Alta, located in the Little Italy neighborhood of San Diego, CA, offers 110 boutique apartment homes with one- and two-bedroom floor plans, as well as penthouse units that feature unobstructed views of the San Diego Bay. Amenities include a second-floor pool, a fitness & yoga studio with bay views, multiple outdoor terraces and a resident library. Leasing began in the summer of 2019.

 

Alta North Central, located in Phoenix, AZ, includes 229 one-, two- and three-bedroom apartment homes and offers highly sophisticated living with a resident lounge, large pet area and rooftop terrace.  In-home finishes and appliances include two cabinetry color schemes, five-burner gas stoves and double-ovens in select units. The community opened in the fall of 2019.

 

Alta Green Mountain, located in Lakewood, CO, offers 260 one-, two- and three-bedroom apartment homes with breathtaking views of Denver and the Green Mountain Nature Preserve, giving residents the perfect balance between the convenience of city living and the Colorado outdoors. Amenities include a spacious clubhouse, resort-style pool and a Colorado-inspired fitness center. It opened its doors in spring of 2019.

 

“We are very pleased with our decision to retain WRS as property manager for our recently acquired apartment communities and look forward to our new partnership,” said Mike Haggerty, Managing Partner of TA Realty. “We are confident that WRS will help us successfully manage these communities while putting the needs of the residents first.”

 

About TA Realty

TA Realty is among the largest and most experienced providers of real estate investment management services to U.S. and non-U.S. institutional investors. Since its inception in 1982, TA Realty has managed more than $30 billion of real estate assets through value-add and core strategies and customized separate/advisory accounts. TA Realty’s investment philosophy focuses on creating diversified real estate portfolios that aim to generate strong cash flow, receive intensive asset management and seek to achieve long-term value creation. For more than three decades, TA Realty has maintained this philosophy through multiple real estate and economic cycles, a strength recognized by pension funds, endowments, foundations and high net worth individuals. For more information please visit www.tarealty.com.

 

About Wood Residential Services

Wood Residential Services is a national multifamily property management company. The company currently manages stabilized and lease up assets in all classes around the country, with a combined total of more than 20,000 units nationally, and is headquartered in Atlanta, GA. Wood Residential Services was recently named the #1 manager for its online reputation in the J Turner Research rankings (Division III) for 2020.

 

Top 10 Multifamily Projects Under Construction in the Bay Area

MULTIHOUSING NEWS, Sept 18, 2020- California was one of the first states to impose stay-at-home orders and social distancing rules on construction sites, forcing developers to push back completion dates. San Francisco’s year-to-date deliveries accounted for 0.6 percent of existing stock, less than half of the 1.3 percent national average, according to Yardi Matrix data. Despite that, the metro has delivered 11 properties, totaling roughly 1,550 units.

Some 23,000 units were under construction across 125 properties as of August, with another 120,000 in the planning and prospective stages. Most new projects target upscale renters and include luxury amenities, despite the metro’s affordable housing woes. One solution policymakers and developers have implemented to address the issue is setting aside a percentage of units as affordable, with half of the 10 largest properties currently underway marked to include affordable apartments.

https://www.multihousingnews.com/post/top-10-multifamily-projects-under-construction-in-the-bay-area/

-Lucia Morasanu

Wood Partners Announces Grand Opening of Alta Headwaters in Orlando

ORLANDO, Fla., August 5, 2020 (Newswire.com) – Wood Partners, a national leader in multi-family real estate development, announced today the grand opening of their newest luxury apartment community. Alta Headwaters features 328 units in multiple four-story, elevatored-buildings comprised of one-, two- and three-bedroom apartment homes as well as studios. The community officially opened its doors to residents on July 30 and has more than two dozen move-ins scheduled for August and September. Leasing is currently underway at www.altaheadwaters.com.
Alta Headwaters, named for its proximity to Shingle Creek – considered to be the northernmost headwaters of the Florida Everglades – is situated on 15.31 acres at the prime intersection of Central Florida Parkway and John Young Parkway. Located at 4000 Headwaters Way, the community offers resort-style living in a premium location at the confluence of Orlando’s Tourism Corridor and some of its largest office and industrial parks.
“Alta Headwaters is poised to benefit from its prime corner location and access to a diverse employment base that extends well beyond hospitality and tourism,” said Bryan Borland, Managing Director at Wood Partners. “We’re strong believers in this corridor as evidenced by this being our third development in the immediate vicinity, and we feel that Alta Headwaters has reset the bar in the submarket.”
Alta Headwaters allows convenient access to many prominent employers and a number of nearby corporate office and industrial parks including SouthPark Center, Southridge Commerce Park and Infinity Park, all within minutes of the property. Major employers in the area include Darden Restaurants’ corporate headquarters, Lockheed Martin and Tupperware Brands, among others. Directly across the street, Grande Lakes Orlando Resort is home to Orlando’s largest luxury hotel complex, anchored by The Ritz-Carlton and JW Marriott.
The luxury apartment community is conveniently located within three miles of Florida’s Turnpike, Interstate 4 and the Beachline Expressway (SR 528). These provide easy access to a wide range of entertainment venues including SeaWorld, Universal Orlando Resort and Walt Disney World Resort, in addition to a wide variety of nearby shopping options including The Florida Mall, The Mall at Millenia and two Simon Premium Outlet locations. Furthermore, just one exit north on Interstate 4, residents have their choice of dozens of Orlando’s finest upscale and casual dining options on Sand Lake Road, better known as “Restaurant Row.”
Alta Headwaters features best-in-class amenities including a resort-style, zero-entry saltwater pool with a sundeck and covered poolside pavilion, private cabanas, hammocks, lounge seating and outdoor grilling areas. Additional amenities include a modern, state-of-the-art fitness center featuring virtual training classes and a yoga room, a game lounge featuring a billiards table, an automated “smart” package room and a fenced dog park.
Unit finishes include wood-style plank flooring in all entryways, kitchens, bathrooms and living rooms, premium quartz countertops, low-profile stainless-steel appliance package featuring a side-by-side refrigerator with water and ice dispensers, glass-top cook range, soft-close kitchen cabinetry with under-cabinet lighting and custom kitchen tile backsplash.