OAKLAND, CA - Wood Partners, a national leader in real estate development and acquisition, announced the closed acquisition and start of construction of Alta Woodson in Downtown Oakland.
The 140-unit community is Wood Partners' fourth property in Oakland. Alta Woodson is located at 625 15th Street, in the heart of Downtown, near City Hall and the burgeoning restaurants, arts, and nightlife of Uptown.
"Alta Woodson is a perfect opportunity to bring another transit-oriented community to vibrant downtown Oakland," said Brian Pianca, Development Director for Wood Partners. "Wood Partners believes strongly in the Oakland market, which began with our Domain development in 2009 and continues today."
With seven stories of studio, one and two bedroom floorplans, and an average unit size of 670 square feet, Alta Woodsonis expected to be an attractive option for urban-minded, mobile professionals. The community will feature a communal lounge, gym with a yoga room, a bike shop and a rooftop deck.
Wood Partners started construction of Alta Woodson in early January and is expected to be completed in the fall of 2019.
Wood Partners is a national real estate development company that acquires, develops, constructs and property manages high density and mixed-use communities. It ranks consistently among the top five multifamily developers in the country. The company currently owns 70 properties with a combined total of 20,000 units. Wood Partners has offices in 17 major markets nationwide.