CHAPEL HILL, NC - Wood Partners, a national leader in real estate development and acquisition, announced that it has broken ground on a 298-unit apartment community in Chapel Hill.
Centrally located between the University of North Carolina, Duke and Research Triangle Park and with easy access to I-40 — the interstate connecting the major business corridor — Alta Blu will provide residents with modern amenities in close proximity to the ample amount of employers in the area.
"With little new development in the area, Alta Blu is a strategic investment because it offers an attractive option for young professionals in a prime location. Residents will get to experience all that Chapel Hill and Durham have to offer while enjoying state-of-the-art amenities, open space and a sense of community — with commuter convenience," stated Caitlin Shelby, Director for Wood Partners.
In addition to providing a much-needed contemporary development to meet residential demands, Alta Blu will feature many community amenities including a courtyard with a resort style pool, an activity lawn for community events such as outdoor yoga and film nights, and a large pond — along with 5,000 square feet of office space.
Alta Blu is expected to begin leasing in Summer 2018.
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 has been involved in the acquisition and development of more than 67,000 homes with a combined capitalization of more than $11.0 billion nationwide. The company currently owns more than 70 properties with a combined total of over 20,000 units.
Source: Wood Partners / #Apartments #Multifamily