Wood Partners Starts 12th Central Florida Project
- Apr 25, 2015
Wood Partners is starting construction of Alta Eastmar Commons, a 312-unit multifamily community in Orlando, the developer, Wood Partners, announced recently. The $41.9 million project will take shape at 159 Dean Road. Leasing will start in the first quarter of 2016, and construction is expected to be complete by the fourth quarter of 2016.
Wood Partners will develop the project on a 29-acre site between Downtown Orlando and Central Florida Research Park. Alta Eastmar will consist of 14 three-story buildings with 144 one-bedroom units, 144 two-bedroom units and 24 three-bedroom units. The community will have a two-story clubhouse building, a pool, 516 surface parking spaces and 54 detached garages.
Units will be equipped with stainless steel appliances, plank flooring and laminated countertops. Alta Eastmar will have direct access to the East-West Expressway. The site is less than three miles from Waterford Lakes Town Center, Orlando’s premier outdoor lifestyle center.
Wood Florida Builders is the general contractor, and Wood Residential Services will manage the community. Chancey Design Partnership is the project architect, Mellich Blenden Engineering is the civil engineer and Libra Design Group is the landscape architect. CBRE Global Investors is the equity partner and BB&T provided the construction loan.
Alta Eastmar represents Wood Partners’ 12th apartment community in Central Florida. To date, the developer has built about 3,000 units in the area since 2001.
Photo credits: Wood Partners, LLC