PROVIDENCE, RI – BLVD Communities announces the redevelopment of Braeburn and Chatham Apartments, a 91-unit affordable housing community located in Providence, Rhode Island.
Braeburn and Chatham Apartments consist of 4 locations, all within a 1.5 mile radius – a 21-unit two-tale building, 24 townhomes, a 6-unit three-tale building and a 40-unit three-tale building. The overall unit mix consists of 1, 2 and 3 bedrooms. The townhomes are unique in particular as they are two-tale masonry buildings that were originally constructed circa 1863-1864 by the Wanskuck Company to house company workers. The buildings are considered historic properties that contribute to the Wanskuck Mill Village Historic District, which is listed in the National Register of Historic Places.
All of the site exteriors will be renovated with a new fresh look with the exception of the townhomes which will maintain the existing historic fabric of the buildings. The building systems will be modernized with a focus on increasing energy efficiency. Each resident’s home will be upgraded with new kitchens, bathrooms, flooring, paint and LED lighting. The renovation will also include new amenities such as a business center, dog park, BBQ and picnic areas.
BLVD’s Managing Principal, Robert Budman, states, “It is exciting to kick off our first affordable housing redevelopment in the State of Rhode Island. We are grateful for RIHousing’s help in bringing this project to fruition, and look forward to more projects within the state in the future.”
“Preserving the existing housing stock of affordable rental homes is critically vital for Rhode Island and its residents,” said Carol Ventura, RIHousing’s Executive Director. “The acquisition and rehabilitation of two existing affordable developments will provide residents with both interior and exterior improvements and systems upgrades, while also positively contributing to surrounding neighborhoods. And importantly, the affordability of these rental homes has been extended for another 40 years.”
The redevelopment of Braeburn and Chatham apartments will have a positive impact on the community by preserving its affordability for individuals and families who fall in an income range between 30% and 60% of the area’s median income. All units are covered by a Section 8 Housing Help Program (HAP) contract and the Low-Income Housing Tax Credit (LIHTC) requirements will keep the property available for income eligible residents through 2061.

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RALEIGH, NC – Wood Partners, a national leader in multifamily real estate development, announced the groundbreaking of its newest luxury residential community, Alta Vale, located in Raleigh, North Carolina. The community is scheduled to open in March 2023 with pre-leasing expected to start in early 2023.
“Wood Partners is excited to officially break ground on Alta Vale, which will provide a new level of luxury living for residents in and around the Raleigh area,” said Caitlin Shelby, Managing Director for Wood Partners. “Alta Vale will be a perfect addition to our existing North Carolina portfolio as we continue to see tremendous growth within Raleigh and the surrounding area.”
Once complete, Alta Vale will offer 306 apartments comprised of one-, two- and three-bedroom floor plans. Each of the property’s units will be equipped with modern, high-end finishes including quartz countertops, stainless steel appliances, tile backsplashes, in-home washer and dryer sets, and vinyl plank flooring throughout the kitchen, living room and baths.
Alta Vale will also provide residents with an expansive array of community amenities including a resort-style pool, an outdoor kitchen and lounge, an on-site dog park and access to the Crabtree Creek greenway trail. Inside, residents can also delight in the property’s luxurious club house complete with a state-of-the-art fitness center, resident café, game room, co-working and conference spaces, pet spa and ample entertainment areas. All common areas throughout the community will feature an urban design and will be equipped with high-speed internet hotspots to ensure no shortage of connectivity.
Located just outside the 440 Beltline in Raleigh, the forthcoming property’s prime location will provide residents with simple access to all the city’s most sought after offerings, including more than 100,000 jobs in downtown Raleigh, North Carolina State University, and the famed Research Triangle Park (RTP). Alta Vale also boasts proximity to many of Raleigh’s top retail and dining establishments, as well as the North Carolina Museum of Art, PNC Arena, Raleigh-Durham International Airport, and 5,600-acre Umstead State Park.
“We designed Alta Vale to provide residents with the best of both worlds—a modern, luxurious community to call home located in a prime location with direct access to Raleigh’s Crabtree Creek greenway,” added Shelby. “The addition of Alta Vale comes on the heels of Wood Partners’ significant growth in the Raleigh market in 2021, including the recent openings of Alta Davis in Morrisville and Alta Wren in Cary. We look forward to welcoming new residents home early next year and continue to seek out new opportunities to bring our unique brand of high-end living to additional locations throughout the Research Triangle.”

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LOS ANGELES, CA – MWest Holdings, a Los Angeles-based real estate firm with over 2 million square feet of residential and commercial property across the U.S., announced the sale of The Enclave Apartments, a 306-unit, seven-building multifamily property located at 13801 Paramount Blvd in Paramount, CA for $128.5 million.
Bought in 2019 for $99.3 million, MWest implemented its extensive knowledge in transforming multifamily properties by completing dramatic, multimillion dollar upgrades to the unit interiors, amenity spaces, landscaping, hallways and exterior.
“When we bought The Enclave, we saw an in-demand asset with significant potential to increase revenue through a proven value-add program,” says Karl Slovin, President of MWest Holdings. “Our team implemented a strong renovation and improvement program which has been very well received.”
Comprised of one-, two-, and three-bedroom floor plans, a select number of the property’s unit interiors were fully modernized with quartz countertops, stainless appliances, wood plank-style flooring, contemporary lighting, and new bathroom vanities. Common area amenity and hallway spaces were upgraded to showcase modern design and feature premium equipment, fixtures, and furniture. The Enclave’s distinct amenity package includes two fitness centers, a collaborative co-working space, ample subterranean parking, and a resort-style pool area complete with spa, private cabanas, and an outdoor dining patio. MWest repainted the entire property, providing a striking visual lift to the exterior facade.
The Enclave is the only 50+ unit apartment development in the city of Paramount in the last 30 years and one of only three 200+ unit communities in the market area. Proximity to three major freeways and the Lakewood Green Line metro station provide residents with superior access to various decentralized employment centers throughout Los Angeles and Orange County.

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