Woodfield Breaks Ground at Woodfield Creekstone

RALEIGH, NC -  Woodfield Investments is pleased to announce the recent ground breaking on December 9, 2011 for Woodfield Creekstone, a 256-unit Class A garden apartment community located in Raleigh-Durham, NC.

When completed, Woodfield Creekstone will be comprised of 256 units in 10 three or four story buildings with amenities including a resort quality pool, clubhouse, landscaped grounds, as well as garage and surface parking on the 15 acre site. The project location is at South Miami Boulevard and Hopson Road, immediately west of the intersection of Interstates 540 and 40, 8 minutes from Raleigh-Durham International Airport, 20 minutes from downtown Raleigh, and 15 minutes from downtown Durham.

“Woodfield Creekstone has been designed to be a Class A apartment community in every respect with architecture, amenities and an interior design that will be well received by all of our future residents, as well as our neighbors", said Michael Underwood, founder and partner of Woodfield Investments and lead partner on Woodfield Creekstone. "We strongly believe the Raleigh-Durham market will also reward our investors as well since we were able to secure this deal during the downturn, but see the local economy starting to accelerate out of the turn," explained Underwood.

Michael Underwood is a multifamily veteran with a tenured background in Mid-Atlantic apartment development over the last 25 years. Underwood’s lead on the Woodfield Creekstone project attracted top-tier financial partners in The Carlyle Group and US Bank. Other partners on the project include project architectural design by The Housing Studio, general construction services by CF Evans Construction and property management services to be provided by Greystar.

The first residents are expected to move into Woodfield Creekstone in the summer of 2012.

Woodfield Investments, LLC is a premier developer of Class A multi-family communities in the Mid-Atlantic region. The partners at Woodfield have developed more than 38 apartment communities representing 11,506 units at a value exceeding $1.4 billion. Currently, Woodfield has 1,363 units under construction and a variety of projects in pre-development throughout the Washington DC Metro Area, Charlotte and Raleigh-Durham, NC, and Charleston, SC.