Wood Partners Announces Groundbreaking of Alta Washington Avenue

News provided by

Feb 04, 2019, 19:00 ET

HOUSTON, Feb. 4, 2019 /PRNewswire/ -- Wood Partners, a national leader in multi-family real estate development and acquisition, announced the groundbreaking of its new Houston community – Alta Washington Avenue.

A 7-story community located at 6400-01 Washington Avenue, Alta Washington Avenue is strategically located between several major employment centers, including the Central Business District, Galleria/Uptown and Greenway Plaza. The community will be located just 1,000 feet from Memorial Park, a lush 1,503-acre natural setting that boasts hiking trails, an indoor fitness center, golf course, tennis courts, swimming pool and playground, among other amenities.

"Alta Washington Avenue is situated in a highly desirable residential neighborhood with historically strong rent growth," said Bart Barrett, Managing Director for Wood Partners' Houston Office. "The site's location adjacent to Memorial Park offers future residents convenient access to one of Houston's most spectacular amenities."

Within 5 miles from Alta Washington Avenue, four major employment districts provide over 350,000 jobs from such Fortune 500 companies as Chevron, Chase and United Airlines, to numerous technology, medical and retail businesses. The site is also located within the Washington Corridor, one of Houston's most popular night life spots known for its entertaining mix of live music, sports bars, and some of the most beloved restaurants in Houston.

Scheduled to open in the Winter of 2020, Alta Washington Avenue totals 204 units with 1- and 2-bedroom floor plans, as well as 3-story townhouse units. The property amenities available at Alta Washington Avenue will lead the Class A market, offering a premier living experience. Featuring a club room, game room, business center with conference space and micro-offices, residents have ample common areas to be productive and to socialize. The fitness center, dog park and salon, resort style pool, outdoor grills and a sky lounge on the 7^th floor, complete with a kitchen and dining/gathering areas, provide luxury upgrades to an already high caliber facility. All common areas will provide residents with wireless connectivity and will feature the latest in audio/visual technology and urban living design.

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.