SOURCE: Wood Partners

Wood Partners

September 17, 2015 18:44 ET

Alta Tempe, New 296-Unit Apartment Community Near Marina Heights in Downtown Tempe, Arizona, Averaging 30 Leases per Month

Wood Partners Announces 63 Move-Ins at Luxury Complex Last Month

TEMPE, AZ--(Marketwired - Sep 17, 2015) - Upscale apartments with luxurious amenities are in high demand near the new Marina Heights office development, where developer Wood Partners is averaging 30 leases a month at its new Alta Tempe complex.

The 296-unit community is uniquely positioned to serve residents seeking proximity to the state's largest office park when it's complete in 2017, as well as easy access to downtown and Arizona State University.

"Leasing has remained strong, and August proved to be the busiest month with an impressive 63 move-ins at Alta Tempe," said Todd Taylor, director at Wood Partners' Phoenix office. "The contemporary décor and well-designed floor plans appeal to residents who are seeking an authentic living experience."

The 270,000-square-foot, four-story contemporary apartment complex designed by Womack and Hampton and built by Wood Partners includes one-bedroom, two-bedroom and three-bedroom units averaging 892 square feet with granite countertops, upgraded appliances and vinyl plank flooring.

The pet-friendly community includes a fitness center and yoga deck, a resort-style pool with private cabanas and towel service, a heated spa, an 8,000-square-foot hospitality-style clubhouse with a cyber café and demonstration kitchen, a bocce ball court, an outdoor fire pit, gas grills, a bike maintenance room, a professional dog wash station, a resident-maintained vegetable garden and a four-story observation deck with views of Camelback Mountain.

Located near downtown, Arizona State University and the new Marina Heights office development -- which Taylor called "a big game changer in Tempe" -- Alta Tempe is within walking or biking distance of two metro transit stations. When it opens this winter, Marina Heights will include 2 million square feet of office space and 40,000 square feet of service retail.

About Wood Partners
Wood Partners is a national real estate 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, our 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 53,000 homes with a combined value of more than $8.3 billion nationwide. The company currently owns more than 75 properties with a combined total of 21,000+ units. Wood Partners has offices in 18 major markets nationwide including Atlanta, Austin, Baltimore, Delray Beach/South Florida, Boston, Charlotte, Chicago, Dallas, Denver, Houston, New York, Southern California, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To learn more about Wood Partners, please visit our website www.woodpartners.com.