Leading multifamily developer breaks ground on
two Altera communities, strengthens commitment to offering quality
homes at key price points
ATLANTA, May 22, 2024
/PRNewswire/ -- National multifamily developer Wood Partners today
announces the start of construction of Altera Union City near
Atlanta and Altera Land O' Lakes
near Tampa, Florida. The
multifamily communities are part of the firm's Altera brand, a new
attainable housing initiative offering upscale living at
cost-effective rates.
Altera communities are built with upscale finishes such as
granite countertops and stainless steel appliances and top-of-the
line amenities. The developer saves on costs by selecting
well-located suburban sites rather than more expensive urban
locations, executing an efficient and consistent design and
embracing minimal, yet well-done, landscaping. These savings allow
for a lower price point for the renter.
"There continues to be a shortage of reasonably priced rental
options in this country," said Joe
Keough, Chairman and CEO at Wood Partners. "As a responsible
member of the housing industry, we believe it is our obligation to
offer a solution to this problem by creating a product that falls
within our high standards of excellence at an attainable price. We
look forward to expanding our Altera product offering across the
country."
Altera Union City
Altera Union City is located at 7105
Hall Road in Union City, Georgia,
outside of Atlanta. The 320-unit
apartments will feature an expansive ground floor amenity level
with resort-style pool, fully equipped gym and yoga studio.
However, its greatest amenity is its location. Altera Union City is
walkable to Starbucks, Dunkin' Donuts and the Publix Super Market
at Parkway Village. Bennett Sands,
Managing Director of Wood Partners' Atlanta office, is the development lead for
the project.
Altera Land O'Lakes
Located at 18722 Grand Live
Oak Boulevard in Land O' Lakes,
FL, Altera Land O'
Lakes encompasses five 4-story buildings and one 3-story
building totaling 305 apartment units with one-, two- and
three-bedroom options. The site fronts US-41 and has excellent
access offering convenient commutes throughout the Tampa MSA. The community is
located in Pasco
County, which is ranked as one of Florida's fastest growing
submarkets.
Amenities at Altera Land O' Lakes will include an attractive
leasing, fitness and clubhouse building with co-working space, day
office and package room. The community will also feature a
resort-style pool, sundeck with shade sails, grilling areas, fire
pits, outdoor gaming, dog park and pet wash. The project is
estimated to be completed by December
2025. Tyler Hurd, Managing
Director of Wood Partners' Tampa
office, is the development lead for the project.
For more information on Altera and Wood Partners, visit
woodpartners.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 100,000
multifamily homes with a combined capitalization
of $21 billion. The company currently owns 80+
properties across the United States representing more
than 25,000 units. Headquartered in Atlanta, Wood
Partners has offices in 19 major markets covering
development across 18 states nationwide. Wood Partners is
consistently ranked as one of the five largest multifamily
developers in the United States. For more information,
visit woodpartners.com.
Media Contact:
Addy
Kundla
The Wilbert Group
AKundla@thewilbertgroup.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/wood-partners-expands-access-to-attainable-housing-in-atlanta-and-tampa-areas-302153078.html
SOURCE Wood Partners