VENICE, FL – National multifamily developer Wood Partners expands its presence in Florida with Altera Jacaranda, bringing the only attainable, new construction development to Venice. The multifamily apartment complex will break ground next month and is expected to deliver to the community in the second quarter of 2026.
Altera Jacaranda is a 280-unit garden-style apartment community with five, four-tale buildings featuring a mix of one-, two- and three-bedroom layouts. With proximity to large employment centers, top-tier medical facilities and world-well-known beaches, Altera Jacaranda is strategically placed along I-75 and sits just six minutes from Venice Beach. Wood Partners is also working with local officials to improve the three-way intersection of Commerce Drive and Jacaranda Boulevard to a four-way intersection to help with traffic flow.
“Altera Jacaranda’s prime location enhances the community by providing attainable living options right where residents need them most,” said Tyler Hurd, managing director at Wood Partners. “Our new development fosters economic growth and introduces a first-of-its-kind concept in the area. As one of the fastest growing areas in the country, we are committed to meeting the demand for attainable housing with quality multifamily solutions.”
Featuring Class-A amenities, Altera Jacaranda incorporates a cost-effective design targeting renters seeking new construction at a more attainable price. Residents can expect a resort-style pool with a tanning ledge, a sundeck with shade sail, grill areas, a package room, a fitness center, a resident clubhouse featuring a pool table and shuffleboard, coworking spaces, day offices, a hospitality kitchen and a dog park with an outdoor pet wash.
Wood Partners first brought its attainable Altera brand to Tampa, Florida earlier this year with Altera Land O’ Lakes. Wood Partners also broke ground in June on V by Alta, a luxury apartment community in Orlando. The 219-unit multifamily complex is Wood Partners’ fifth in the submarket and is set to be delivered in the first quarter of 2026. Additionally in June, Wood Partners broke ground on its third community in Longwood, Florida with Alta Trilogy.

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AVENTURA, FL – Cardone Capital, led by industry titan Grant Cardone, closed an all-cash deal on The Edge at Flagler Village.The Class A, luxury 331-unit multifamily property in the heart of Downtown Fort Lauderdale was bought through the firm s latest investment vehicle, Cardone Equity Fund 25.
The firm has assembled a portfolio of 2,000+ Class A multifamily units in the Downtown Fort Lauderdale submarket, bringing the company s total unit count to 14,000 apartments throughout the Sunbelt.
Grant Cardone, CEO of Cardone Capital, commented on the acquisition: “This acquisition presents a tremendous opportunity for our investors. We’ve secured a premium asset with immediate cash flow at a compelling price. With the Fed s recent rate cut, we expect to delight in significant capital appreciation on this investment.”
The acquisition highlights Cardone Capital’s ability to go quickly and decisively on opportunistic deals, even as high interest rates pushed many institutional investors to the sidelines. Cardone Capital has been one of the most active multifamily buyers in 2024, closing on $500 million in all-cash acquisitions year-to-date.
“We ve been thriving through this market cycle,” Ryan Tseko, Executive Vice President at Cardone Capital, noted. “Our all-cash strategy allows our investors to capitalize on once-in-a-generation buying opportunities. The Edge acquisition is a prime example of this, and we’re excited to share it with our investors.”

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CHARLOTTE, NC – Vista Residential Partners, a national multifamily development firm, has broken ground on 14 acres at 8011 Krefeld Drive Charlotte, NC, for the development of McAlpine Vista, a 320-unit apartment community.
Located in the submarket of Matthews, NC, McAlpine Vista will be comprised of 4 and 5 tale residential buildings and will have direct and private access to the 6-mile long McAlpine Creek Greenway.
McAlpine Vista is conveniently located 15 minutes from Uptown Charlotte and just under 5 miles from the 5.6MM square feet of office space located in Southpark. Additionally, 20 minutes from this site is Ballantyne which boasts an additional 4.5MM square feet of office space.
“We are thrilled to start construction on our second project in North Carolina,” says Alex Barroso, Managing Director and Partner for Vista Residential Partners. “McAlpine Vista is another testament to our dedication to establishing our portfolio across the Carolinas.”
The community will offer a mix of one-, two-, and three-bedroom apartment homes averaging nearly 1,010 square feet. Designed by architect EDI International, the homes will feature stainless steel appliances, 9-foot ceilings, stone countertops, vinyl plank flooring, in-unit washers and dryers, and spacious balconies. McAlpine Vista will also feature a luxury clubhouse, resort-style swimming pool, fitness center, and 24/7 package concierge. Most unique about McAlpine Vista is the direct and private access to the McAlpine Creek Greenway which extends 6 miles throughout Charlotte.
“Alongside our institutional capital partners, Vista is excited to deliver this high-quality, development in Charlotte, NC,” says Scott Hartley, Chief Investment Officer at Vista Residential Partners. “McAlpine Vista’s differentiated amenity-set will set a new standard for living in the area.”

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