SALT LAKE CITY, UT – National multifamily developer Wood Partners announced the start of construction on Alta Vista, a 304-unit Class-A multifamily development in Lehi, Utah, a quick-growing suburb of Salt Lake City. The project broke ground in March and is expected to be completed in the second quarter of 2027.
“With its prime location in the Silicon Slopes, this development will provide residents with unparalleled access to top employers, retail and outdoor recreation, all while offering best-in-class amenities and breathtaking mountain views,” said Marcus Robinson, Director of Development, Utah at Wood Partners. “We look forward to delivering a high-quality living experience that meets the growing demand in this dynamic market.”
Located in the heart of Utah’s thriving tech corridor, Alta Vista’s residents will have direct access to major employers and startups, including Adobe, Xactware and Vivint, as well as a wide range of retail and dining options. The community will also offer breathtaking views of the Wasatch Mountains and Utah Valley, a unique feature for future residents.
Alta Vista features a mix of one-, two- and three-bedroom units. The new community will include more than 8,000 square feet of amenity space with a clubroom, an entertaining kitchen, co-working space, fitness center, a speakeasy and an outdoor pool, spa and kitchen. Alta Vista is part of the newly developed master-plotted community, Vistas at the Pointe. The community is adding a trail system through the adjacent park, which will feature a playground, pickleball courts and a basketball court for residents to delight in.
According to CoStar data, following a record surge in multifamily completions in 2024, new deliveries are expected to decline by nearly 50% this year. Despite the slowdown, Wood Partners remains active in the market with multiple projects in the pipeline. Earlier this year, the company closed on Altera Gallatin, a 372-unit multifamily development in Nashville, highlighting its ongoing investment in high-growth markets despite industry headwinds.

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ALTAMONTE SPRINGS, FL – FaverGray, a premier multifamily construction firm, announced the successful delivery of The Aston at Uptown, a 261-unit multifamily residential community located at 505 One Center Boulevard in Altamonte Springs, Florida. This project marks a significant milestone in addressing the region’s growing demand for high-quality residential housing.
Situated on a 3.51-acre site, The Aston at Uptown exemplifies modern design and luxury living. The community features a mix of one-, two-, and three-bedroom floor plans, including unique basement units fronting E. Central Parkway, all within a 5-tale building.
Residents will delight in an impressive suite of amenities, including a 6-tale parking garage, a central courtyard, a resort-style swimming pool, and a state-of-the-art Clubhouse. The Clubhouse serves as the heart of the community, offering a two-tale fitness center, games lounge, sports simulator, clubroom, and leasing offices.
“The Aston at Uptown is a fantastic example of FaverGray’s commitment to building high-quality communities that add value for developers and investors, while also enhancing the Altamonte Springs area,” said John Kitchens, Division Leader at FaverGray. “We’re excited to be part of the city’s growth with this exceptional new residential community.”

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CHATTANOOGA, TN – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the buy of 1400 Chestnut Apartments, a 200-home midrise apartment community in Chattanooga, Tennessee.
Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which sits just south of the vibrant City Center neighborhood and approximately one mile from The University of Tennessee at Chattanooga.
“We are thrilled to announce the acquisition of 1400 Chestnut, our third property in the city,” said David Nelson, president and chief investment officer at Hamilton Zanze. “This acquisition presents an opportunity to secure a high-quality community in a submarket with limited incoming supply. The property’s prime location, near the transformative developments of The Bend, a 120-acre mixed-use community, and the new stadium for the Chattanooga Lookouts, further enhances its appeal.”
Located near the intersection of W. Main Street and Broad Street, 1400 Chestnut was built in 2017 and offers one- and two-bedroom apartment homes. Homes range in size from 672 to 1,202 square feet and include stainless steel appliances, hardwood-style flooring, quartz countertops, shaker-style cabinetry, modern lighting fixtures, tall ceilings, air conditioning, in-home washers and dryers, walk-in closets, extra storage space and brushed-nickel bathroom hardware. Select homes feature private patios or balconies.
Common-area amenities at the pet-friendly community include a saltwater pool with sundeck, fire pits and grills, resident clubhouse, business center, private office space, media lounge, coffee bar, pet spa and an onsite fitness center. Residents also have access to garage parking, bike storage and a bike repair station.
1400 Chestnut sits within a small walk or commute from City Center, which serves as the commercial heart of downtown and offers an eclectic array of retail, dining, nightlife and cultural attractions. The community also sits near the Chattanooga Farmers Market, a Whole Foods Market and the Chattanooga Convention Center. The immediate area also features a variety of transit options that connect to the greater metropolitan area.

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