Wood Partners Announces Grand Opening of 330-Unit Alta Sugarloaf Luxury Apartments in Lawrenceville, Georgia

LAWRENCEVILLE, GA – Wood Partners, a national leader in multi-family real estate development and acquisition, announced the grand opening of its newest luxury residential community – Alta Sugarloaf – in Lawrenceville, Georgia.
Located in Gwinnett County, 25 miles northeast of Downtown Atlanta, Alta Sugarloaf offers residents a sophisticated lifestyle with high-quality finishes and amenities, proximity to a range of employers and unparalleled access to outdoor green spaces.
“The Alta Sugarloaf community has a quaint neighborhood feel, with apartment homes spread over nine buildings on site,” said Bennett Sands, Managing Director for Wood Partners. “With quick access to Gwinnett County’s ever-expanding Greenway Trails system and a booming job market, Alta Sugarloaf is a fantastic value with best-in-class features, amenities and service.”
At 1399 Herrington Road, Alta Sugarloaf is located near a number of major roadways – including Duluth Highway, Riverside Parkway and GeorgiaHighway 316 – easing commute times. The nearby Sugarloaf Mills, Gwinnett Place Mall and Infinite Energy Center provide a range of retail, dining and entertainment options.
Major employers, including Gwinnett Medical Center, Cisco Systems, Primerica Financial Services and the U.S. Postal Service, are a small drive away and several large companies are expanding into the area, with thousands of new jobs expected in coming years. Residents can shop at their grocery store of choice with Walmart, Kroger, Publix and ALDI locations in the vicinity.
Alta Sugarloaf features resort-style amenities such as an outdoor swimming pool with tanning ledges, a sundeck with shaded areas and a double-sided fireplace. The community features a 24/7 secure package room, electric vehicle charging stations, dog parks and a bicycle repair room. Several existing Gwinnett County Greenway Trails are nearby, and Alta Sugarloaf’s property includes part of the future Lee Daniel Creek Greenway.
Each apartment home includes stainless steel appliances and a farmhouse sink with gooseneck faucet, low-profile gas cooking ranges, oversized side-by-side refrigerator and freezer, granite countertops and vinyl wood flooring. All homes offer full-size, in-unit washer and dryer.
Alta Sugarloaf offers 330 units in one-, two- and three-bedroom custom-designed floor plans.

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New Apartment Community Aims to Fill the Void of Luxury Rentals in Bluffton, South Carolina Old Town Neighborhood

BLUFFTON, SC – JMG Realty announced that Enclave at Bluffton Park, a 110-unit luxury multifamily community under construction in Bluffton, South Carolina, will open its doors to the public March 2nd with go-ins expected shortly thereafter. The first building will include both one bedroom apartments and three bedroom townhomes, as well as the leasing office and amenities including a state of the art fitness center, internet café and coffee bar, conference room and a luxury lounging nook for residents. Construction is expected to be complete in mid-2020.
The residences will have high end finishes such as luxury plank flooring, high ceilings, granite counters, subway-tile backsplash, oversized kitchen islands, and stainless-steel appliances. The community features private balconies & patios, many with views of the adjacent nature preserve. One tale garden as well as two tale townhome floor plans are available, as well as attached and detached garages.
Enclave at Bluffton Park boasts a variety of resort-style amenities including a sparkling pool with covered entertainment pavilion, a spacious clubhouse with 24-hour fitness center & outdoor recreational areas including grills & televisions. Pleasantly situated in a gorgeous natural marsh environment, Enclave at Bluffton Park will provide plenty of privacy while it’s ultra-convenient Bluffton Parkway location will allow residents simple access to all that Bluffton & Hilton Head Island have to offer.
Enclave residents can take advantage of the complimentary bicycles that will provide quick access to Ancient Town Bluffton shops and restaurants, being a mere half mile away and situated on the connecting bike path.
JMG’s Jean Woodworth, Executive Vice President & Partner, said the following: “We look forward to carrying out the developer’s vision to cultivate a lifestyle at the Enclave consistent with the vibrant low-country culture of our neighbors in Ancient Town Bluffton.” Woodworth also noted that the community has joined the Greater Bluffton Chamber of Commerce and looks forward to being an integral part of the Bluffton business community.

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Bascom Arizona Ventures Acquires Class-A Multifamily Community for $11.5 Million in Downtown Tempe, Arizona

SCOTTSDALE, AZ – Bascom Arizona Ventures, a subsidiary of Irvine, California based private equity firm The Bascom Group, LLC has bought a 37-unit property located in downtown Tempe, Arizona. The buy price was $11.5 million, or $310,811 per unit.
Dolce Villaggio Townhomes is situated within downtown Tempe’s Urban Core Master Plot Community. The property is within walking distance of Arizona State University, Tempe Town Lake, and multiple shopping, employment and entertainment developments. Constructed in 2007, the property offers a swimming pool and spa, spacious two- and three-bedroom floorplans, and attached two-car garages for all units.
The buy follows Bascom’s recent acquisition of Tempo at McClintock Station Apartments located near Arizona State University. Tempo is a mid-rise multifamily property consisting of 423 residential units and one retail unit in Tempe, Arizona. The price was $89.2 million, or $210,377 per unit.
The new ownership group plans to invest in capital improvements to the property, including upgrades to the pool and unit interiors.
“Dolce provides us with an exceptional opportunity to buy another property within the forever growing downtown Tempe area,” says Mark Brotherton, portfolio manager of Bascom Arizona Ventures. “We are very excited about our newest acquisition and look forward to commencing our value-add program as soon as possible.”
Comerica Bank provided debt financing, which was arranged by Erich Pryor of Talonvest Capital Inc., for the acquisition.
Chris Roach, Matt Roach, and Brad Cooke of Colliers International advised the buyer and seller in the transaction. Arizona-based MEB Management Services will manage the property.

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