Wood Partners LLC. has announced it will break ground on Alta Eastmar Commons, a 312-unit multifamily community on 29.3 acres at 159 Dean Road in Orlando. The complex will feature 14 three-story residential buildings with 144 one-bedroom, 144 two-bedroom and 24 three-bedroom units, 516 surface parking spaces and 54 detached garages. The $41.9 million project is located close to the University of Central Florida and Central Florida Research Park and is Wood partners 12th metro Orlando apartment community. Wood bought the land for the for $4.68 million last March. The new development is slated for completion in the fourth quarter 2016.
“This newest community reinforces our commitment to the Orlando market,” said Wood Partners Director David Thompson. “With its strong job and population growth, Orlando was No. 4 of Forbes magazine’s list of the top 20 housing markets to invest in this year, and we happen to agree with that assessment.”
