Wood Partners Announces Groundbreaking on New Plano Property

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Apr 16, 2019, 16:15 ET

PLANO, Texas, April 16, 2019 /PRNewswire/ -- Wood Partners, a national leader in multi-family real estate development and acquisition, announced today the groundbreaking for its new community - Alta 289 - in Plano, Texas.

Located at 7950 Preston Road, Alta 289 will total 288 units upon completion and is the second under development in the Plano area in the last five years for Wood Partners.

"We are very excited to bring Alta 289 to market in the fall of 2019," said Ryan Miller, Managing Director for Wood Partners. "This community will offer top of the line finishes and resident amenities in a highly desirable market with great access to Legacy West and numerous other restaurant, retail and recreational attractions," said Miller.

Positioned in the heart of Plano, Alta 289 is in close proximity to State Highway 121 and the Dallas North Tollway, providing direct access to significant employers, including the highly acclaimed Legacy West development, which houses Toyota, Liberty Mutual, and JP Morgan Chase, among others. Ample restaurants, entertainment, and retail options - including the Stonebriar Mall - also make this location a cultural hot spot.

Alta 289 has been designed to offer residents some of the highest caliber outdoor amenities in the area. From large open spaces to curated outdoor assets including a pool, dog park, and lush courtyards. Alta 289 brings in-demand interior amenities such as Whirlpool stainless appliances with front control ranges, front-loading washer and dryers, Yale keyless entry, Moen fixtures, solar window shades, and modern backsplashes, cabinets and countertops.

Opening in late Fall 2019, Alta 289 offers a combination of one-, two- and three-bedroom units at an average unit size of 913-square-feet. Pre-leasing is scheduled to begin in August 2019.

Alta 289 joins a list of over 4,300 units managed by Wood Partners in Texas.

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 75,000 multifamily homes with a combined capitalization of more than $13.1 billion nationwide. The company currently owns 63 properties across the United States with a combined total of more than 17,000 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.