#Wood Partners #Alta Meadowlands #GrayCo Capital

Wood Partners to Break Ground on Alta Meadowlands

In an exciting development for Hillsborough, North Carolina, Wood Partners, a national leader in multifamily real estate, is set to commence construction on a new residential community named Alta Meadowlands. This impressive project will feature 301 rental units and represents Wood Partners' first venture into Hillsborough as well as its fifth active development in the Triangle region.

The groundbreaking ceremony is scheduled for this month, with the project targeting completion by spring 2028. Located near vibrant areas such as Chapel Hill and Durham, the Alta Meadowlands community aims to provide residents with a high-quality living environment that is both affordable and conveniently situated. As Caitlin Shelby, managing director at Wood Partners, highlighted, “Hillsborough has a growing workforce with limited multi-family residential options.”

Project Overview and Location

The new community is strategically positioned within the Meadowlands business park, which is expected to enhance its appeal due to the proximity to employment hubs. The site was acquired from Duke Health, marking a thoughtful choice for a development that seeks to elevate housing standards in the region. Notably, 10% of the housing units will be income-restricted, aiming to cater to the needs of the local workforce.

Emilee Collins and Mark O'Neal of Pickett Sprouse Commercial Real Estate represented the seller in the acquisition deal. Collins stated, **