Leading multifamily developer brings its
attainable and luxury brands to a target market
CHARLOTTE, N.C., Aug. 12,
2024 /PRNewswire/ -- National multifamily developer
Wood Partners expands its presence in Charlotte with Alta 10th and Seigle and Altera
Mint Hill, bringing its total to 16 developments in the city and 30
in the state. These new multifamily properties will bring more than
550 units to one of the fastest-growing cities in the country.
"Wood Partners' expansion in Charlotte includes both our attainable and
luxury line, providing ample living opportunities that support the
vibrant and growing community," said Jensie
Teague, vice president of development at Wood Partners.
"Charlotte is experiencing a
population boom due to its pleasant weather, thriving entertainment
options, relatively low cost of living and more. We are very active
in this market and look forward to opening these new communities
soon."
Altera Mint Hill is a 252-unit garden-style apartment
community in East Charlotte
featuring a mix of one-, two- and three-bedroom apartment layouts.
The apartments are part of the Wood Partners' Altera brand, a new
attainable housing initiative offering upscale living at
cost-effective rates. Bordering Mint
Hill, a major suburb of Charlotte, Altera Mint Hill is strategically
located near a new Publix-anchored shopping center, Charlotte's first Whataburger, Novant's Mint
Hill Medical Hospital and offers easy access to I-485 for seamless
commutes to many of the cities' major employment hubs. In addition
to the neighborhood offerings, the apartment community includes a
fitness center, clubhouse, coffee bar, pool courtyard, outdoor
grill station and lounge area and park-style green common space.
Altera Mint Hill broke ground earlier this month and is set to be
delivered in the first quarter of 2026.
Alta 10th and Seigle will include 302 units,
including a mix of studios, one-, two- and three-bedroom apartment
layouts. Situated in Charlotte's
vibrant Plaza Midwood submarket, the community is surrounded by a
unique mix of restaurants, coffee shops, brew pubs and bars. Along
with the bountiful neighborhood amenities, residents will have
access to a Classic Vinyl listening studio, rooftop lounge and sky
terrace, fitness studio, private micro-offices, a saltwater pool
and sun deck, casual resident lounge and game room, dog spa and
bicycle shop. Residents can expect stainless steel appliances,
granite countertops and upscale finishes. Alta 10th and Seigle
broke ground in April 2024, with the
first units expected to be delivered in the fourth quarter of
2025.
Wood Partners remains active across the Piedmont region with 30 properties throughout
Charlotte and Raleigh, North Carolina. Alta Harris Farms, a
380-unit luxury community, is also under construction in
Mooresville, a suburb of
Charlotte. In addition, Wood
Partners and GTIS Partners delivered Alta
West Morehead, a 260,000-square-foot, 308-unit multifamily
community located in the Ashley Park neighborhood, last July. For
more information on Wood Partners and its communities, visit
woodpartners.com.
About Wood Partners
Wood Partners is a national
leader in the development and construction of multifamily
communities across the United
States. The company has been involved in the acquisition and
development of more than 100,000 multifamily homes with a combined
capitalization of $21 billion. The
company currently owns 80+ properties across the United States representing more than
25,000 units. Headquartered in Atlanta, Wood Partners has offices in 19 major
markets covering development across 18 states nationwide. Wood
Partners is consistently ranked as one of the five largest
multifamily developers in the United
States. For more information, visit woodpartners.com.
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SOURCE Wood Partners