Wood Partners Announces Groundbreaking of Chapel Hill Development

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Jul 17, 2017, 20:30 ET

CHAPEL HILL, N.C., July 17, 2017 /PRNewswire/ -- Wood Partners, a national leader in real estate development and acquisition, announced today 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.

For more information please visit www.woodpartners.com.

About Wood Partners

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. 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 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. Wood Partners has offices in 17 major markets nationwide including Atlanta, Austin, Boston, Charlotte, Chicago, Dallas, Denver, Houston, Southern California, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, Washington, D.C., and West Palm Beach. To learn more about Wood Partners, please visit WoodPartners.com.