Atlanta-based Wood Partners Building Two New Apartment Communities in North Texas
Atlanta-primarily based developer Wood Partners, just one of North Texas’ top rated apartment builders, is beginning do the job on two rental communities in the Dallas-Fort Worthy of spot.
The two assignments will include extra than 600 units in Irving and Fort Worth, in accordance to the Dallas Early morning News. The 280-device Alta Riverside apartments are planned for Condition Freeway 161 close to Interstate 635 and are scheduled to open up in early 2024. Dallas-centered architect GFF is designing the rental neighborhood.
The planned 330-unit Alta Marine Creek residences will be developed on 10 Mile Bridge Highway in Northwest Fort Well worth. They will also open up in 2024, although the 270-unit Alta Landing will be at 3100 N. Joplin Highway and will be developed with new substantial-effectiveness enhancement procedures, scheduling documents clearly show.
“Our new model is uniquely developed to leverage the most efficient design and style and development approaches in the industry right now without sacrificing the high quality, appearance, and finishes,”
Wood Partners’ Ryan Miller reported in a assertion.
Wood Associates owns 70 homes across the United States with additional than 20,000 residential models. The developer’s new tasks arrive just after it just offered one of its Dallas houses.
The Alta Design District around downtown Dallas was also just marketed to California-centered consumer Sares Regis Group. Wood Associates built the 4-story rental local community in 2008 at Inspiration Drive and Stemmons Freeway.
The DFW area also qualified prospects the country in the two condominium product sales and construction, with the metro symbolizing 7.8 % of all residences sold in the U.S. given that past April. The location also led all U.S. metros in multifamily financial commitment around the previous 12 months with $29.2 billion really worth of apartments shifting hands, additional than double the quantity from last 12 months.
[Dallas Morning News] — James Bell