Construction Progresses on Wood Partners' Development in Newport News
NEWPORT NEWS, Va., September 1, 2017 (Newswire.com) - Wood Partners, a national leader in real estate development and acquisition, announced today that construction is progressing on a new 209-unit community in Newport News, Virginia.
Alta Citizen is located at 301 Continental Parkway in the Patrick Henry Place mixed-use development, located off of Jefferson Avenue and adjacent to the entrance to Highway 64. The community is in close proximity to the Tech Center, and a short trip from the Newport News/Williamsburg International Airport, making it an important location for young professionals working on the peninsula.
We saw a unique opportunity to bring new, Class A product to a market where there has been a lack of multifamily development this cycle. Alta Citizen is a strategic investment in the heart of the Jefferson Avenue employment and retail corridor that provides the high end, convenient living that our target renters in Newport News have been waiting for.
Caitlin Shelby, Director for the Raleigh-Durham office of Wood Partners
"We saw a unique opportunity to bring new, Class A product to a market where there has been a lack of multifamily development this cycle," stated Caitlin Shelby, director for the Raleigh-Durham office of Wood Partners. "Alta Citizen is a strategic investment in the heart of the Jefferson Avenue employment and retail corridor that provides the high end, convenient living that our target renters in Newport News have been waiting for."
Alta Citizen brings contemporary apartment living to Patrick Henry Place, which offers a mix of condos, townhomes, retail, and extensive outdoor recreation options for residents. The community will feature a state-of-the-art fitness center and entertainment area that includes a kitchen for communal use and an indoor game area. There will be an indoor/outdoor bar area, along with a top-tier pool and courtyard for residents to utilize. The walking trails throughout the community will allow residents easy access to the natural beauty of the surrounding area.
Alta Citizen began construction in the Spring 2017 and expects to open in 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 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.
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Marissa Currie
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Source: Wood Partners