Wood Partners Announces Groundbreaking of Alta Med Main

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Jan 18, 2019, 18:45 ET

HOUSTON, Jan. 18, 2019 /PRNewswire/ -- Wood Partners, a national leader in multi-family real estate development and acquisition, announced the groundbreaking of its new Houston community – Alta Med Main.

A residential community located in the Texas Medical Center at 9330 Main Street, Alta Med Main is adjacent to the TMC3 project, a 30-acre mixed-use campus located directly to the north. The TMC3 campus will house four academic institutions, a 410-room hotel and conference center, research and office space, as well as plazas, restaurants, shops and other commercial space. TMC3 is projected to have a $5.2 billion impact on the city of Houston.

"Alta Med Main is poised to benefit from Houston's ever-expanding Texas Medical Center," said Bart Barrett, Managing Director for Wood Partners' Houston Office. "This is a key location that grants our residents access to high-paying, competitive careers, and all that Houston's nightlife and cultural scenes have to offer."

In addition to being located minutes from the Texas Medical Center – a complex named the 8^th largest business district in the US that employs over 106,000 people and includes over 21 hospitals, two specialty institutions, three medical schools and six nursing programs – Alta Med Main provides access to iconic Houston locals. Convenient access to NRG Stadium – home to the Houston Texans – Rice University, Rice Village, the Museum District and the Central Business District make Alta Med Main a cultural hotspot. Just a few miles away, Hermann Park offers 445-acres of expansive park grounds, golf courses, running trails, the Houston Zoo, Houston Museum of Natural Science and the Miller Outdoor Theatre.

"We are excited to be located within a strong submarket with healthy occupancy and strong growth that is also within close proximity to major employment centers, retail, outdoor space and major thoroughfares," said Barrett.

Scheduled to open in the Spring of 2020, Alta Med Main totals 338 units with one- and two-bedroom floor plans. This four story wrap community also includes a structured parking garage with direct building access. The community offers in-demand indoor amenities such as a clubroom, Sky Lounge, business center with micro-offices and communal work areas, a 24/7 fitness center, as well as ample outdoor entertaining space complete with a resort-style pool, tranquil courtyard, and dog park and pet washing stations.

For more information, visit www.woodpartners.com.

About Wood Partners

Wood Partners is a national real estate company that acquires, develops, constructs and property manages multifamily communities. It ranks consistently among the top five multifamily developers in the country. Through quality construction, responsible land development and intelligent design, its communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the acquisition and development of more than 73,000 multifamily homes with a combined capitalization of more than $12.8 billion nationwide. The company currently owns 70 properties across the United States with a combined total of 20,000 homes. Wood Partners has offices in 18 major markets nationwide including Atlanta, Austin, Boston, Charlotte, Chicago, Dallas, Denver, Houston, Los Angeles, Nashville, Orange County, Orlando, Phoenix, Portland, Raleigh-Durham, San Francisco, Washington, D.C., and West Palm Beach.