Leading multi-family national real estate developer Wood Partners today announced the grand opening of its latest upscale residential community, Alta North, less than an hour from downtown Atlanta in Cumming, Georgia. The new community will be developed as a joint venture with CP Capital US, a highly disciplined US property manager specializing in multi-family investments. Its opening is scheduled for the end of 2023 and the pre-rental will officially begin in the fall of 2023.
Located at the intersection of GA 400 and Settingdown Circle in Forsyth County, Alta North will provide future residents with an array of nearby dining and retail options, as well as access to downtown Atlanta less than an hour away. The future community will form part of a larger planned development, which will bring over 15,000 square feet of retail space and a new public road connecting the adjacent residential development to the north with Settingdown Circle.
“Atlanta has been one of the best performing rental markets in the country since the start of the pandemic, due to the region’s strong economic growth and immigration,” said Kristi Nootens, vice president of investments at CP. U.S. capital. “We are delighted to continue our long-standing partnership with Wood Partners to deliver a premier multi-family project to the growing Forsyth County market.”
When complete, Alta North will consist of 310 one and two bedroom apartments located in a combination of 3-story and 3/4-storey buildings. Boasting luxurious and modern finishes, each of the Alta North apartments will be outfitted with rich wood-style plank flooring, high-end stainless steel appliances including microwave hoods, bowl sinks unique built-ins and designer tile backsplashes to provide residents with a relaxing and welcoming place to call home. Additional high-end features include a full-size in-home washer and dryer and beautiful granite countertops in the kitchen and bathrooms.
Outside their homes, residents will be able to enjoy Alta North’s best community amenities, including a resort-style pool with a sunbathing ledge, multiple grilling stations and fire pits throughout the property, and an on-site park. for pets and pet spa. Within the community clubhouse, residents will also have access to a state-of-the-art 24/7 fitness center, relaxation and social gathering areas, as well as office space. for hire for joint work.
“Wood Partners is excited to continue its expansion into the metro Atlanta market with the grand opening of our newest community, Alta North,” said Bennett Sands, Managing Director. “Alta North presents a great opportunity for Wood Partners to capitalize on continued growth across Georgia, and we look forward to continuing to play a positive role in the region’s development by offering Wood Partners’ blend of comfort and luxury. to future residents. .”
Wood Partners has partnered with CP Capital, formerly known as HQ Capital Real Estate, on 22 development projects in the past, most recently Alta 99th in Phoenix, Arizona.
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