Construction teams broke ground on a multi-family residential development called Alta Avondale in Arizona. The 360 premium apartment houses in the new neighborhood, which will have studio, one-, two-, and three-bedroom floor plans, have already begun construction thanks to Wood Partners.
The planned opening date for this community is early 2024. This new multi-family community will be conveniently located in one of Avondale’s most popular live-work-play neighborhoods, The BLVD. City leaders are searching for methods to enhance market volume. Additionally, they aim to keep up with the high demand that has driven prices higher. This is because real estate prices in the Valley have fluctuated throughout the year along with interest rates.
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More on the Alta Avondale project in Arizona
The development at The BLVD has greatly grown in recent years, according to Kenneth Chapa. He is the director of economic development and tourism for Avondale. “We are honored that The BLVD was chosen by Wood Partners, a leader in multi-family real estate development across the country, for its most recent project in the West Valley.
The goal of the city’s officials to provide an interesting destination for both tourists and locals has been achieved. We wanted to be a part of the future of Avondale and were immediately attracted by its BLVD ambition. Together with Avondale’s strong demographics, infrastructure, and business-friendly atmosphere, the city immediately won us over, according to Wood Partners managing director Clay Richardson.
Furthermore, the development, building, and administration of multifamily communities around the country, Wood Partners is a recognized national leader. With a total capitalization of $17.3 billion, the company has been involved in the acquisition and development of almost 90,000 traditional multifamily residences.
Currently, the corporation owns approximately 70 properties in the US, which correspond to over 20,000 residences. With its national headquarters in Atlanta, Wood Partners has offices in 22 significant areas spread over 15 states.
