Work Looms on Antioch Apartment Project- Atlanta company’s Alta Farms at Cane Ridge will offer 330 residences
Nashville, TN, March 9, 2021 (Nashville Post) – Atlanta-based Wood Partners is set to begin construction by quarter’s end on Alta Farms at Cane Ridge in Antioch. According to a release, the 10-building, 330-unit multifamily project will include 10 carriage homes and sit on 39 acres at 3144Old Franklin Road, with Wood Partners serving as the general contractor.
Wood Partners is not disclosing what it paid for the property and the Davidson County Register of Deeds had not recorded transaction details as of publication time. An LLC affiliated with Nashville-based Elmington Capital Group was the seller, with that entity having paid about $2.54 million for the property last September, according to Metro records.
The development just south of the Hickory Hollow Parkway exit from Interstate 24 will offer walking trails, a fitness center, co-working spaces, a “resort-style” saltwater swimming pool, guest parking, a community garden, “dog-friendly” units and a dog park.
Andrew Steffens, managing director of Wood Partners’ Nashville office, said Alta Farms’ location adjacent to the 300-acremixed-use Century Farms and its soon-to-be-completed I-24 interchange are appealing. He said the company worked with Metro Councilmember Antoinette Lee, in whose District 33 the property sits, and Cane Ridge community leaders for about one year to ensure a quality project.
“Alta Farms at Cane Ridge will help address the growth of Antioch while mindfully preserving the natural beautify of the area, “Steffens said in the release. “We … worked closely with area leadership and community members to ensure a project that the community will embrace and that we can all be proud of. Our farmhouse design and amenity spaces will allow our [residents]to escape their fast-paced lives to enjoy the serenity of this beautiful rolling [site].”
The announcement comes shortly after Wood Partners recently announced it has secured financing and is set to begin construction in Metro Center on Alta Riverwalk, a 304-unit four-building apartment development (read more here). The company bill itself as the most active residential developer doing work in Nashville, with five properties with a collective 1,459 units having begun construction over the last 20 months.
Wood Partners has been involved in the acquisition and development of sites home to buildings with more than 79,000multifamily residences and a combined capitalization of more than $14.1 billion. The company owns 68 properties across the United States with a collective more than 18,000 apartment units.
In addition to Atlanta and Nashville, Wood Partners operates offices in Austin, Boston, Charlotte, Chicago, Dallas, Denver, Houston, Los Angeles, Orange County, Orlando, Phoenix, Portland, Raleigh-Durham, San Francisco, Washington, D.C., and West Palm Beach.