Today, Wood Partners, national leaders in the development of multifamily residential community builders, broke ground in Avondale, AZ. Avondale officials were there to welcome them during a formal groundbreaking ceremony on Sept. 29th, 2022. Once complete, the new community – Alta Avondale – will include 360 luxury apartment homes comprised of studio, one-, two-, and three-bedroom floor plans. This community is slated to open in early 2024.
Located south of Interstate 10, off of Avondale Blvd., this new multi-family community will be centrally located in one of Avondale’s premier live-work-play destinations, The BLVD.
Kenneth Chapa, Avondale’s Economic Development & Tourism Director, said: “In the last couple of years, development at The BLVD has taken off. The vision of city leaders, to create an exciting destination for visitors and residents alike, has come to fruition. We are thrilled that Wood Partners, a national leader in multi-family real estate development, selected The BLVD for its latest development project here in the West Valley.”
Wood Partners’ Alta Avondale development will bring an additional 360 multifamily units to the 1,493 units either built, planned, or currently under construction at The BLVD.
“We immediately were intrigued by Avondale’s BLVD vision and wanted to be a part of its future. Avondale’s vigorous and hardworking economic development team immediately won us over, coupled with the strong demographics, infrastructure, and pro-business friendly environment,” said Clay Richardson managing director of Wood Partners.
About Wood Partners: Wood Partners is a national leader in the development, construction, and management of multifamily communities across the United States. The company has been involved in the acquisition and development of nearly 90,000 conventional multifamily homes with a combined capitalization of $17.3 billion. The company currently owns more than 70 properties across the United States representing over 20,000 homes. Headquartered in Atlanta, Wood Partners has offices in 22 major markets across 15 states nationwide.
About The BLVD: Anchored by American Sports Centers Avondale at the Randall McDaniel Sports Complex, The BLVD also comprises Aveda West Valley Institute, Tap2, Soda Bomb, Dutch Bros., Phoenix Children’s Hospital Physical Therapy, and New Penny Cafe; a three-story parking garage and an open space amenity with a lake water feature and a splash pad.
For more information about Wood Partners, visit woodpartners.com. To learn more about The BLVD contact the Avondale Local EDGE; an initiative of the Avondale Office of Economic Development. Follow Avondale EDGE at @AvondaleEDGE, visit the website, AvondaleLocalEDGE.com or call 623-333-1400.