Wood Partners Announces Groundbreaking of New Charlotte Development

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Apr 19, 2017, 17:24 ET

CHARLOTTE, N.C., April 19, 2017 /PRNewswire/ -- Wood Partners, one of the nation's leading multifamily real estate development and acquisition companies, announced today the closing on a 2.3-acre parcel. The company plans to break ground on a 261-unit apartment community located at the intersection of 25th Street and North Brevard in the southern end of the NoDa submarket. The apartments, still to be named, will offer a convenient location adjacent to the new 25th Street Station of the Blue Line Extension and the Charlotte Greenway trail.

"Our new community fits perfectly with our strategic vision for Charlotte," said Carter Siegel, East Regional Director for Wood Partners. "The overall design of the space will foster the artistry, culture and history of the surrounding community, as well as provide high-end amenities and finishes."

The apartments will feature a courtyard and saltwater pool, lounge, game room and kitchen area overlooking the Charlotte Greenway.

"Wood Partners is committed to bringing top-tier living experiences to unique, authentic communities, and we believe our development will deliver on that vision," said Tom Burkert, the Director for the Wood Partners' Charlotte office. "We are excited to join and enhance the surrounding community as a new neighbor."

The site is currently a truck yard, and the surrounding area was traditionally used for cotton and textile mills. That distinctive heritage is reflected in the community's design, including programming of the space and the finishes in the amenity areas.

Construction is expected to run through early 2019.

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.