#USA #Phoenix #Wood Partners #Alta Avondale #Alta Rise

Wood Partners Expands Its Presence in Phoenix

In a strategic move aimed at meeting the skyrocketing demand for residential options in Phoenix, Wood Partners, a leading multifamily developer, has launched two impressive properties: Alta Avondale and Alta Rise. These developments together add more than 630 new rental apartments to what is already one of the fastest-growing metropolitan areas in the United States.

A Growing Market

Phoenix, ranked as the fifth-largest metro area in the country, has seen a surge in population and economic activity, creating a vibrant demand for new housing options. Todd Taylor, Managing Director at Wood Partners, expressed the company's commitment to contributing positively to the community. “The Phoenix metro's rapid growth presents a unique opportunity for Wood Partners to play an active role in supporting the city's expansion,” he stated, emphasizing the developer's goal to create thoughtfully designed properties that enhance residents' quality of life.

Alta Avondale

One of the new properties, Alta Avondale, spans 14 acres in the lively BLVD in Avondale. This project features 360 rental units in a mix of studio, one-, two-, and three-bedroom layouts. Its location is strategically placed just south of Interstate 10, providing convenient access to both the West Valley and the broader Phoenix area. Notably, it’s just minutes from attractions like State Farm Stadium and Desert Diamond Casino.

Residents of Alta Avondale will enjoy a wealth of amenities, including:

• - A state-of-the-art fitness center
• - A stylish speakeasy
• - Multiple pickleball courts
• - Inviting co-working spaces equipped with private offices
• - A dog park and a skydeck showcasing stunning mountain views

The interiors are just as impressive, with contemporary features such as white quartz countertops, stainless steel Whirlpool appliances, and elegant Moen plumbing fixtures. As of now, over 200 units are available for leasing with full completion expected by January 2025.

Alta Rise

The second project, Alta Rise, encompasses 278 units located at the strategic intersection of Elliot and McQueen in Gilbert. This development features a mix of apartment styles similar to Alta Avondale and is conveniently located close to both downtown Gilbert and downtown Chandler, making it ideal for those who enjoy a bustling community.

Amenities at Alta Rise are designed to enrich the lives of its residents:

• - A cutting-edge fitness center
• - Stylish spaces like a speakeasy and a skydeck
• - Two pickleball courts and a multipurpose field
• - A food truck courtyard and a dedicated pet spa

Moreover, the luxury complex also includes a clubhouse with a large pool and hot tub, alongside additional outdoor spaces featuring barbecues, fire pits, games, hammocks, and micro fitness rooms for those seeking privacy in their workouts. Units boast appealing features such as GE stainless appliances, gas ranges, and wine fridges in selected apartments. Alta Rise is set for completion in early 2025.

Future Developments and Community Impact

Earlier this year, Wood Partners broke ground on another project, Alta Dove Valley, a 380-unit property. Situated directly across from a new $65 billion semiconductor manufacturing facility in North Phoenix, this development is part of a broader strategy to accommodate the influx of skilled workers and residents anticipated in the area. Another upcoming project includes Alta 87, a 257-unit luxury development in Gilbert.

With its robust portfolio and commitment to quality living spaces, Wood Partners reaffirms its position as a notable player in the multifamily housing sector. The company has a storied history, developing over 100,000 multifamily homes nationwide with a combined capitalization of approximately $21 billion. Headquartered in Atlanta, Wood Partners operates in 19 major markets across 18 states, consistently recognized as one of the top five multifamily developers in the United States.

For more information about their developments and community offerings, visit woodpartners.com.

Conclusion

As the Phoenix market continues to grow, the addition of developments like Alta Avondale and Alta Rise not only meets the demand for modern housing but also enriches the community with amenities designed for a contemporary lifestyle. This proactive approach by Wood Partners illustrates their commitment to fostering thriving neighborhoods in rapidly expanding urban landscapes.