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Wood Partners expands access to attainable housing in the Atlanta and Tampa areas

Leading Multifamily Developer Breaks Ground on Two Altera Communities, Reinforcing Commitment to Providing Quality Homes at Key Price Points

ATLANTA, May 22, 2024 /PRNewswire/ — National multifamily developer Wood Partners today announced the start of construction on nearby Altera Union City Atlanta and Altera Land O’ Lakes nearby Tampa, Fla. The multifamily communities are part of the company’s Altera brand, a new viable housing initiative that offers luxury living at cost-effective rates.

Altera communities are built with luxury finishes such as granite countertops, stainless steel appliances and top-of-the-line amenities. The developer saves costs by selecting well-located suburban sites over more expensive urban locations, executing efficient and consistent design, and embracing minimal, yet well-executed landscaping. These savings result in a lower price for the tenant.

“There is still a shortage of reasonably priced rental options in this country,” he says Joe Keough, Chairman and CEO at Wood Partners. “As a responsible member of the home building industry, we believe it is our duty to provide a solution to this problem by creating a product that falls within our high standards of excellence at an achievable price. We look forward to our Altera product offering to expand the country.”

Altera Union City
Altera Union City is located at 7105 Hall Road Union City, Georgiaoutside Atlanta. The 320-unit apartments will feature an expansive ground-floor amenity with a resort-style pool, fully equipped gym and yoga studio. The biggest amenity, however, is the location. Altera Union City is within walking distance of Starbucks, Dunkin’ Donuts and the Publix Super Market in Parkway Village. Bennett Sandmanaging director of Wood Partners’ Atlanta office, is the development leader of the project.

Altera Land O’Lakes
Located at 18722 Grand Live Oak Boulevard Land O’ Lakes, FL, Altera Land O’ Lakes includes five four-story buildings and one three-story building with a total of 305 apartments with one-, two- and three-bedroom options. The location is located on US-41 and has excellent accessibility, making it easy to commute across the country Tampa MSA. The community is located in Pasco County, which is ranked as one of Floridas fastest growing submarkets.

Amenities at Altera Land O’ Lakes include an attractive leasing, fitness and clubhouse building with co-working space, day office and package space. The community will also feature a resort-style pool, sundeck with shade sails, grilling areas, fire pits, outdoor games, a dog park and a pet wash. The project is expected to be completed by December 2025. Tyler Hurdmanaging director of Wood Partners’ Tampa office, is the development leader of the project.

For more information about Altera and Wood Partners, visit woodpartners.com.

About Houtpartners
Wood partners is a national leader in the development, construction and management of multifamily communities in the United States. The company has been involved in the acquisition and development of more than 100,000 multifamily properties with a combined capitalization of $21 billion. The company currently owns more than 80 properties in the United States, representing more than 25,000 units. Headquartered in Atlanta, Wood Partners has offices in 19 major markets covering development in 18 states nationwide. Wood Partners is consistently ranked as one of the top five multifamily developers in the United States. For more information visit woodpartners.com.

Media contact:
Addy Kundla
The Wilbert Group
(email protected)

SOURCE Wood Partners