Wood Partners Unveils Alta 87, Elevating the Phoenix Multifamily Landscape

In a significant development for the multifamily apartment industry, Wood Partners, a nationally recognized multifamily developer, has announced the opening of Alta 87, heightening its presence in the Phoenix market. As a nod to the city's burgeoning demand for premier housing, Alta 87 emerges as the third community established by Wood Partners in the region, notably showcasing the first structured parking garage in Gilbert, a suburb southeast of Phoenix.

Alta 87 is currently open for leasing, with enticing incentives including two months of free rent and additional exclusive specials. This initiative not only adds value for residents but is also indicative of the company's strategic approach to attracting the modern tenant.

Strategically situated in Gilbert, Alta 87 capitalizes on connectivity and convenience, positioned just minutes away from key freeways and the thriving centers of Downtown Gilbert and Downtown Chandler. This 257-unit luxury multifamily development is a testament to thoughtful urban planning, integrating seamlessly into the Southeast Valley's vital housing market. Its remarkably close proximity to various amenities, such as Costco, Chandler Mall, and the PGA TOUR Superstore, reflects a keen understanding of contemporary lifestyles that prioritize ease of access to dining, shopping, and entertainment.

Managing Director at Wood Partners, Todd Taylor, underscores the significance of Alta 87's opening with a direct attribution to the company's growth objectives, "The opening of Alta 87 marks an important milestone for Wood Partners as we continue to expand our footprint in the fast-growing Phoenix market," he stated. Taylor further emphasized the development's alignment with the regional aspiration for dynamic growth, "With strong demand for high-quality housing in the Southeast Valley, this community delivers a best-in-class living experience while contributing to the area's ongoing growth and vitality."

Offering a blend of one-, two-, and three-bedroom layouts, Alta 87 doesn't skimp on amenities either. Residents can indulge in a vast array of facilities including a large pool and spa, a two-story clubhouse complete with media and digital experiences, an up-to-date fitness center, two pickleball courts, collaborative working spaces, a speakeasy, bike storage, and EV charging stations—a robust demonstration of Wood Partners' commitment to exceeding market expectations for luxury and convenience.

This opening dovetails with Wood Partners' productive prior year, which saw the delivery of three multifamily communities in Phoenix, aggregating more than 630 units to the market—a clear indication of the company's steadfast investment in the region's development.

With the successful launch of Alta Goodyear earlier this year and efforts to solidify its foothold, Wood Partners asserts its influence within the multifamily apartment industry, demonstrating a strategic, informed approach to expansion that resonates with our audience and the 17.5 million individuals driving the Multifamily Industry forward.