Wood Partners Nears Completion of New 275-Unit Luxury Apartment Community in College Park

COLLEGE PARK, MD - Wood Partners, a national leader in multifamily real estate development, announced that pre-leasing has begun at Fuse 47, a new community located in downtown College Park, roughly 10 miles north of the Capitol.

"With this asset, we'll help fulfill a much-needed demand for housing in the expanding College Park neighborhood," said Scott Zimmerly, Director of the Mid-Atlantic region for Wood Partners. "This was another opportunity that fell in line strategically with our approach to seeking optimal locations with a clearly identified need for exceptional housing."

Rich in amenities, Fuse 47 offers a resort-style pool, outdoor grilling stations, a bocce court, a state-of-the-art fitness center with the latest CrossFit®-inspired equipment and more. The community includes 1-, 2- and 3-bedroom market rate apartments in a variety of floor plans that provide residents with the option to choose layouts based upon their preferences. All units are equipped with luxury conveniences and finishes.

The community is well-positioned to take advantage of burgeoning growth that College Park is experiencing, with a new Whole Foods market, two new major hotels and a new Amazon bookstore on the University of Maryland campus, all coming online in the ensuing months. In addition to a wide variety of events and experiences at the University, including the innovative Discovery District, residents will also have convenient access to major shopping and retail options off Route 1, such as Target, Best Buy and Ikea.

"It's clear that College Park has become one of region's most ideal places to live as companies and people continue to relocate here. Its growing entertainment, lifestyle and transportation options are driving considerable interest," said Zimmerly. "In recognizing this, we've created Fuse 47 to connect residents with a network of parks, college events and expanding retail options, all a short distance away, to serve the professionals, faculty and students that we are targeting."

Pre-leasing at Fuse 47 has begun and the first units will be available in June 2017. The ground-up project broke ground in the fall of 2015 and is scheduled for completion in late summer of 2017.