Wood Partners Announces Grand Opening of the Fifty Five Fifty

The Fifty Five Fifty by Alta offers unsurpassed convenience and quality in an authentic Southern California setting.

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Apr 19, 2018, 04:30 ET

LOS ANGELES, April 19, 2018 /PRNewswire/ -- Wood Partners, a national leader in real estate development and acquisition, announced the grand opening of The Fifty Five Fifty today in Los Angeles, California. The new 280-unit community is located at 5550 Hollywood Boulevard, between historic Hollywood and vibrant Los Feliz.

“The Fifty Five Fifty is strategically located in East Hollywood where residents can enjoy the iconic Hollywood backdrop while taking advantage of the emerging arts and cultural scene in Los Feliz,” said Brian Hansen, Wood Partners’ Western Region Development Director. “The community is conveniently adjacent to the metro and in close proximity to both Griffith Park and Griffith Observatory, making it an ideal community for young professionals, the creative community and families.”

The Fifty Five Fifty features over 3,000 square feet of gym and fitness space, open courtyards and outdoor fireplaces, a pool and spa, workout facilities, a theater room and stunning views of the city. Residents will also have easy access to prime retail and shopping from the ground floor of the community. The facade of legendary 1920's-era Falcon Studios building – where the original Zorro star, Errol Flynn, taught fencing lessons – has been integrated into The Fifty Five Fifty’s design.

The community also features Wood Partners’ unique cultural program called The Ground Floor Project. At The Fifty Five Fifty, Wood Partners and The Ground Floor Project have partnered with the Chalk Repertory Theater to create spaces where local writers will produce original and interactive performances at the community. As The Ground Floor Project continues to evolve at The Fifty Five Fifty, residents will have access to monthly cultural and entertainment events from Los Angeles-based artists.

The community offers residents luxury finishes, modern conveniences, and easy access to urban living in a setting that retains Hollywood’s unique character and charm. The Fifty Five Fifty features studio, one-, two- and three-bedroom floor plans that range from 480 square feet to over 1,200 square feet.

For more information please visit www.the5550.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 66,000 homes with a combined capitalization of more than $11.0 billion nationwide. The company currently owns 70 properties with a combined total of 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.