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Posts Tagged ‘Wood Partners multifamily multi-family apartments commercial real estate’
November 12th, 2014
278-Unit Luxury Rental Community Will Have Spectacular Views and Easy Access to Employment, Shopping and Recreation
SCOTTSDALE, Ariz. – November 12, 2014 –Wood Partners has begun construction on Alta Paradise Ridge, a 278-unit luxury multifamily rental community on 5.85 acres in North Scottsdale near Arizona’s second-largest office submarket and world-renowned upscale shopping, golf, recreation and fine dining. Leasing is expected to begin in the 4th quarter of 2015.
“Alta Paradise Ridge will be a contemporary, highly amenitized multi-housing project that will capitalize on strong retail and walkable amenities to the east, the new Mayo Clinic Cancer Center and the new Arizona Biomedical Corridor to the west,” said Todd Taylor, Wood Partners’ development director for Arizona and Nevada.
Offering spectacular vistas of Piestawa Peak and the Sonoran Desert, Alta Paradise Ridge will have amenities including a resort-style pool and spa, barbecue grills and a bocce ball court. Apartments in the four-building complex (plus lofts), designed byBiltform, will have solid-surface countertops, plank flooring, stainless steel appliances and one-compartment sinks.
Historically the strongest submarket in the Phoenix MSA, North Scottsdale leads the state in occupancy and rent growth and offers a combination of demographics, employment and amenities not found anywhere else in Arizona. Alta Paradise Ridge will be within easy walking distance to Scottsdale 101, which includes a Whole Foods, luxury retail and movie theaters, and less than two miles north of Scottsdale Quarter, a unique new city district with shopping, restaurants and entertainment. In addition, Old Town Scottsdale is a 15-minute drive.
The Loop 101 Freeway, a half mile to the north, offers easy access to the East Valley, West Valley and Phoenix, and Alta Paradise Ridge will be within five miles of an estimated 13,300 businesses and nearly 160,000 jobs. Major employers including GoDaddy’s global headquarters, GE Capital, Taser International, Vanguard and Fender Guitars are all located within the North Scottsdale submarket.
Prudential Real Estate was the seller, CBRE was the brokerage firm and Phoenix Capital is the equity partner. Wood Partners is the general contractor.
According to the National Association of Home Builders’ formula to determine the local impact of multifamily housing in typical metro areas, adding 278 rental apartments will generate nearly $21.8 million in local income, $2.1 million in taxes and other revenue for local governments and 338 local jobs.
About Wood Partners
Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. It ranks consistently among the top five multifamily developers in the country. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the acquisition and development of more than 53,000 homes with a combined value of more than $8.3 billion nationwide. The company currently owns more than 75 properties with a combined total of 21,000+ units. Wood Partners has offices in 18 major markets nationwide including Atlanta, Austin, Baltimore, Delray Beach/South Florida, Boston, Charlotte, Chicago, Dallas, Denver, Houston, New York, Southern California, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To learn more about Wood Partners, please visit our website, www.woodpartners.com.
July 23rd, 2012
Deposits Being Accepted, First Move-Ins Scheduled for August in Wood Partners Development
ALEXANDRIA, VA- July 23, 2012 – Early demand has been strong for The Beacon of Groveton, a new apartment community featuring distinctive luxury living with a choice of 29 floor plans at 6850 Richmond Highway in Alexandria.
More than 300 potential residents have signed up on the community’s interest list. Units in floors six through eight will be ready for move-in by early to mid-August, and units on the fourth and fifth floors are scheduled for late August.
The Beacon at Groveton, developed by Wood Partners, L.L.C., the nation’s most active multifamily developer, is offering studios beginning at $1,575, one-bedrooms beginning at $1,750 and two-bedrooms starting at $2,425. Units range in size from 580 square feet to 1,244 square feet.
“We are gratified by the tremendous pre-opening response to The Beacon of Groveton. The wide choice of floor plans, first-class amenities, and free shuttle service to the Huntington Metro Station just over one mile away, makes The Beacon an ideal alternative to city living for people looking for affordable luxury,” said Leonard Wood, Jr., director of the Mid-Atlantic Region of Wood Partners.
The residential community is a contiguous wrap design with four-, five- and six-story sections on 4.6 acres with 290 residential units and 10,000 square feet of available ground floor retail space, fronting Richmond Highway (Route 1).
Interior amenities include wood plank flooring and oversized sinks, Italian cabinetry, custom brushed nickel hardware, granite countertops, upgraded retro lighting fixtures, soaking tubs and glass panel walk-in showers in select homes, pre-wiring for high-speed communications, individual climate control with energy-saving programmable thermostats, walk-in closets, washer and dryer in every unit, fully equipped kitchens including designer black appliances, frost-free refrigerators with ice maker and space-saver microwave ovens. Select units will have views of the Potomac River and D.C. Monuments.
The Beacon of Groveton’s community assets are designed for active living including the Beacon House Theatre featuring state-of-the-art media entertainment, a Beach Club with an outdoor wet lounge including salt water pool, a Wi-Fi Café and grilling areas, a club room and pub with pool table and shuffleboard table, Speakeasy poker room, video gaming room, the Pooch Hooch neighborhood dog park and an exercise center featuring a CrossFit® training concept and Expresso Bikes.
The community conforms to ENERGY STAR® green building standards and features a private parking deck and controlled access entry. The Beacon of Groveton is next door to the Beacon Center, anchored by Giant Food and Lowe’s Home Improvement Center and is just one mile from the new Kings Crossing shopping center, anchored by Walmart.
For further information visit http://www.beaconofgroveton.com/ or the community’s Facebook page at https://www.facebook.com/thebeaconofgroveton.
About Wood Partners Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. In 2011, it was ranked the nation’s No. 1 multifamily developer with 3,750 unit starts. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the development of more than 40,000 homes with a combined value of more than $5.5 billion nationwide. Wood Partners has offices in 15 major markets nationwide including Atlanta, Baltimore, Boston, Charlotte, Dallas, Delray Beach, Denver, Houston, Newport Beach, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle and Washington, D.C. To learn more about Wood Partners, please visit our Web site at www.woodpartners.com.
July 13th, 2012
Four-Story Development Features Popular Carriage Building Units and Offers Convenient Access to Wide Range of Shopping, Dining Attractions
CHARLOTTE, NC- July 13, 2012 – Perimeter Lofts, a 246-unit apartment community, is being developed in the heart of the booming Northlake area of Charlotte, announced Wood Partners — the nation’s most active multifamily developer.
The multifamily complex, to be built on 10.6 acres at 10110 Perimeter Parkway, will consist of two four-story buildings and six carriage buildings. The community will offer a mix of flats, carriage, loft and direct access “brownstone” units.
Leasing is expected to begin in January 2013 and construction will be completed by July 2013.
“Although the property is less than 12 minutes from uptown Charlotte and surrounded by over three million square feet of restaurants and retail, our residents will experience a resort like environment created by the two connected courtyards with multiple pocket parks and lawns, as well as an oversized pool area,” said Carter Siegel, Wood Partners director.
Perimeter Lofts is across the street from Northlake Mall, the newest enclosed mall in Charlotte whose anchors include Belk, Macy’s, Dillard’s, Dick’s Sporting Goods and AMC Theatres. Also nearby Perimeter Lofts are more than 900,000 square feet of retail stores such as Super Target, REI, Best Buy, PetSmart including a variety of restaurants.
The community is visible from I-77 and only a few blocks from the I-485 outer loop, providing easy access to Uptown Charlotte, the city’s largest employment center.
“Located a short distance from Charlotte Douglas International Airport and a short drive from the center city, we feel that Perimeter Lofts will draw residents looking for a contemporary living experience at a substantial discount to comparable uptown locations,” said Siegel.
Community amenities will include an integrated clubhouse with cyber café, movie and game room, fitness center, salt water pool with outdoor cabanas, grilling areas, dog park, pet spa and car care center.
WP East Builders LLC is the general contractor and Geheber Lewis Associates is the architect for the project.
About Wood Partners
Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. In 2011, it was ranked the nation’s No. 1 multifamily developer with 3,750 unit starts. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the development of more than 40,000 homes with a combined value of more than $5.5 billion nationwide. Wood Partners has offices in 15 major markets nationwide including Atlanta, Baltimore, Boston, Charlotte, Dallas, Delray Beach, Denver, Houston, Newport Beach, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle and Washington, D.C. To learn more about Wood Partners, please visit our Web site at www.woodpartners.com.
April 13th, 2012
 Challenge: Founded in 1997, Wood Partners had become the No. 1 multifamily builder in the nation with 6,000+ apartment starts in 2004. By 2007, it was named “The Fastest Growing Private Builder” in America by Builder magazine. Yet the company had almost no name recognition outside of its base in the Southeast and Texas, and that became a problem when Wood Partners wanted to expand, especially during the downturn when financing was tight.
Action: To build awareness of the Wood Partners brand, tout its track record and announce its expansion, Anton Communications implemented a comprehensive media relations and marketing campaign. It began with the successful launch of the company’s first California office in 2007, followed by the opening of a Denver office in 2008, and others in Seattle (2010) and Boston (2011). We also announced new acquisitions nationwide and promoted the company and its executives through proactive media pitching, executive interviews and speaking engagements at key industry conferences. Eventually, Wood Partners offices across the country began to call on our firm to help with grand openings of new communities and other special events, apply for industry awards and assist with social media efforts. In 2010 we were invited to join the in-house team in charge of developing a new website and created most of the content.
Results: In 2011 alone, our firm generated 300+ positive news articles about Wood Partners with 10.4 million impressions, including coverage by the New York Times, the Financial Times, the Wall Street Journal and major newspapers in every city where it is actively developing. The print publicity was worth an estimated $442,000. Wood Partners has emerged from the depths of the housing crash as the nation’s second largest multifamily developer with almost 4,000 starts in 2011 – and everybody knows their name now.
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