SOURCE: Wood Partners

Wood Partners

December 16, 2013 09:49 ET

Wood Partners' Luxury Multifamily Community in Miami Receives Strong Interest; Already 50% Leased

The 240-Unit Neighborhood Is Near Central Business District and Beaches

MIAMI, FL--(Marketwired - Dec 16, 2013) - Wood Partners, one of the nation's largest and most active multifamily developers, recently announced that Alta Mira, a $31.9 million, 240-unit apartment community in Miami is currently 50% leased.

Alta Mira, which opened just over four months ago, is the first new development of its kind built in this area of North Miami since the mid-90s. The community has received strong interest by customers looking for luxury apartments at affordable prices in one of the nation's most exciting cities.

"The property is in a great location," said Dave Thompson, Director for Wood Partners in Florida. "You're minutes from downtown and Brickell, South Beach nightlife, Florida's finest beaches, world-class restaurants and major retail centers."

The $31.9 million garden-style apartment community is designed around lush courtyards which provide respite from the city's hustle and bustle. Located one block west of Miami's famous Biscayne Boulevard at NE 16th Avenue, Alta Mira features one, two and three-bedroom apartments ranging from 733 square feet to 1319 square feet. Prices range from $1,300 to $1,995.

Amenities include energy efficient ENERGY STAR® appliances, wood kitchen cabinets, flat top stoves, track lighting, six-panel doors, ceiling fans and double pane windows and doors. The community also has a 3,680 square-foot clubhouse complete with a resident lounge, coffee bar, gaming area, fitness studio, and kid's playroom. A covered arcade overlooks a pool and three interconnected landscaped parks. In addition to nearby entertainment and shopping, a new Whole Foods recently opened across the street from Alta Mira on Biscayne Blvd.

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 was ranked the nation's No. 2 multifamily developer in 2012 based on 5,100 unit starts. 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 47,000 homes with a combined value of more than $7.0 billion nationwide. The company currently owns 77 properties with a combined total of 20,200+ units. Wood Partners has offices in 16 major markets nationwide including Atlanta, Baltimore, Delray Beach, Boston, Charlotte, Dallas, Denver, Houston, New York, Newport Beach, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To learn just more about Wood Partners, please visit our website, www.woodpartners.com.