ENGLEWOOD, CO--(Marketwired - Oct 17, 2013) - Wood Partners will break ground this week on Alta Cherry Hills, a 306-unit luxury apartment complex adjacent to one of Denver's most affluent neighborhoods. The project, which will include two five-story buildings on 4.6 acres, should be complete and open for lease by summer 2014.
Residents will have access to a rooftop deck, dog park and dog wash, bike and ski shop, resort-style pool and spa, state-of-the-art clubhouse and fitness center. The complex is being built to meet the U.S. Green Building Council's Leadership in Energy and Environmental Design standards.
"We're excited to be bringing a project of this promise to Englewood," said Tim McEntee, Wood Partners Director of the Rocky Mountain and Midwestern region. "The site's prominent location and topography lends to a very special project with landmark identity. The pent up demand for new residential development was evident early on with such a well located infill type project."
In 2012, Colorado-based Solidcore Partners LLC acquired the property from the Englewood School District. The former Flood Middle School, which first opened in 1920, had been closed since 2007. Solidcore re-zoned the property and completed the demolition of the existing structure in the summer of 2013. Wood Partners acquired the property from Solidcore in September 2013.
"We are very pleased that Wood Partners has chosen Englewood for the firm's Alta Cherry Hills project," said Englewood Mayor Randy Penn. "This national developer is taking a long-vacant former school site and turning it into a residential community that will add to the vibrancy to our entire community."
Studio PBA designed the complex, which will house 191 758-square-foot one-bedroom units, 103 1,160-square-foot two-bedroom units and 12 1,368 square-foot three-bedroom apartments with granite countertops, stainless steel appliances, vinyl plank flooring and sophisticated technology packages.
"We were fortunate to attract Wood Partners, one of the top multi-family builders in the country, to design and execute the vertical development of the site," said Edward Barsocchi, a principal with Solidcore. "We know that the City is very pleased to have such an exceptional builder investing in Englewood, and we share their excitement over the onset of Wood's construction."
Alta Cherry Hills' residents will have easy access to major local employers, including Swedish and Craig Hospitals and Sports Authority national headquarters, as well as numerous entertainment and recreation venues. The Gothic Theatre, Moe's Barbecue and Englewood shops are within easy walking distance. The Museum of Outdoor Arts, Englewood Public Library and the Englewood light rail station are a short shuttle bus ride away. Located on a prominent hilltop, Alta Cherry Hills offers outstanding views and an abundance of recreational opportunities, including tennis, swimming, golf, an extensive trail system and vast expanses of open space.
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
About Solidcore Partners LLC
Solidcore Partners (formerly Barbury Holdings) is a Denver-based developer and owner of real estate. The firm's core business includes long-term income producing assets and opportunistic development and re-development of strategic sites. In addition to the Flood property, the firm owns four properties in the central Denver metro area.