Wood Partners to build communities near Atlanta and Tampa

Atlanta multifamily developer Wood Partners recently broke ground on apartment communities near Atlanta and Tampa under its new Altera brand.

According to the company, Altera communities are affordable but offer premium amenities thanks to savings from building in suburban areas with efficient, cohesive designs and minimal landscaping.

Altera Union City will bring 320 apartments to 7105 Hall Road in Union City, outside Atlanta. Facilities will include a resort-style swimming pool, gym and yoga studio. Bennett Sands, managing director of Wood Partners’ Atlanta office, is the project’s development lead.

Altera Land O’Lakes will bring 305 apartments across five four-story buildings and one three-story building to 18722 Grand Live Oak Blvd. at Land O’ Lakes, which is outside of Tampa. Amenities will include a rental, fitness and clubhouse building, resort-style pool, deck, grilling areas, fire pits, outdoor games, dog park and pet wash of company. The project is expected to be completed by December 2025. Tyler Hurd, managing director of Wood Partners’ Tampa office, is the development manager.

“There continues to be a shortage of reasonably priced rental options in this country,” Joe Keough, president and CEO of Wood Partners, said in a press release. “As a responsible member of the housing industry, we believe it is our duty to offer a solution to this problem by creating a product that meets our high standards of excellence at an affordable price. We look forward to expanding our Altera product offerings across the country.