BALTIMORE, MD – National multifamily real estate development leader Wood Partners announced the official groundbreaking of its newest luxury property, The Quill by Alta, in South Baltimore’s Federal Hill district. The forthcoming community serves as phase two of the already successful Alta Federal Hill project, which Wood Partners debuted in October 2021. With construction on the project already underway, the community is set to open in 2024 with pre-leasing to start in the first half of next year.
Located just north of I-95’s Hanover Street exit at 1900 S Hanover Steet, the site sits at the gateway for anyone exiting or entering the city from Federal Hill and into the Inner Harbor. The Quill by Alta’s prime location provides residents immediate access to South Baltimore’s expansive roster of shopping, dining and entertainment venues including Cross Street Market, the Baltimore Peninsula, Camden Yards, M&T Bank Stadium, and the recently opened Top Golf Baltimore.
Future residents will benefit from a quick commute to many of Baltimore’s top employers, such as Johns Hopkins University and Hospital, Under Armour, Exelon, and T Rowe Price, all within minutes of the property. Additionally, The Quill by Alta’s access to I-95 allows residents the ability to live in an urban environment, while easily commuting to other major employment nodes outside of the city, including Fort Meade, Columbia, MD, Bethesda, MD, and Washington, DC.
“As our third project in the Baltimore area, The Quill by Alta perfectly encapsulates Wood Partners’ continued mission of developing properties that successfully cater to the needs of our future residents while also supporting the ongoing growth and progress of the surrounding community,” said Scott Zimmerly, Executive Managing Director for Wood Partners. “As the second phase of Wood Partners’ Alta Federal Hill project, we designed The Quill by Alta to continue the success we’ve already experienced in Baltimore by providing premier access to the area’s renowned dining and entertainment attractions, as well as commuting options in and out of the city to ensure the highest level of convenience for any and all resident needs.”
The Quill by Alta will offer 270 apartment homes comprised of micro, junior, one-, two-, and three-bedroom custom designed floorplans. Each home will come complete with high-end finishes including 9-foot ceilings, designer wood-style flooring and stunning kitchens featuring quartz countertops, designer tile backsplash, stainless steel GE appliances, and soft close cabinetry. Bedrooms will offer upscale wood-style flooring leading into the spacious ensuite main bath with large format tile, shower and tub surrounds and frameless glass shower doors. Additional features will include ecobee thermostats, keyless access systems and full-sized washer and dryer sets with select homes also offering spacious walk-in closets and patios.
The Quill by Alta’s outdoor spaces will feature a resort-style pool with spacious tanning deck, an outdoor entertainment area offering multiple grilling stations, TVs, lounges and gaming area, a pet spa and bark park, and an open-air rooftop lounge with private seating and spectacular views of downtown Baltimore and the harbor. In addition, The Quill by Alta will offer 11,500 square feet of indoor amenity space, which will be home to the club area featuring hi-def TVs, lounge seating, co-working spaces and conference rooms, as well as a 24/7 fitness center with top-of-the-line Echelon and Precor workout equipment. Residents will also have access to a sports lounge complete with a bar/kitchen area, billiards table, shuffleboard and huge screen TVs.

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ALEXANDRIA, VA – Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, announced that its affiliated private REIT bought three multifamily properties in separate UPREIT transactions.
Bonaventure furthers its footprint in Virginia and expands into Florida with the strategic off-market buys of three properties. Within Virginia, Bonaventure s private REIT bought Cedar Broad Apartments and East Beach Marina, 204-unit and 137-unit communities in the Richmond and Norfolk markets, respectively. In Florida, Bonaventure s REIT bought Shadetree Apartments, a 260-unit community located in Ruskin, a submarket of the Tampa MSA.
These transactions demonstrate our ability to continually source and close on attractive opportunities that meet our strict investment criteria, said Dwight Dunton, Bonaventure s CEO and Founder. As a well-capitalized, cycle-tested investor, we pride ourselves on serving as a reliable transaction partner and our ability to steadily expand our footprint in our target markets.
Dunton continued, UPREIT transactions like these continue to serve an vital purpose for property owners who are seeking long-term tax efficient compounding growth and greater after-tax returns. As a company, we will continue to pursue acquisition and development opportunities where we believe we can achieve the best risk-adjusted returns.
Details on the three multifamily communities, which were sourced through Bonaventure s extensive network of relationships, can be found below:
Cedar Broad Apartments: Constructed in 2011, the mid-rise apartment community is well located in the Shockoe Bottom district. It features one-, two-, and three-bedroom units as well as a breakfast/coffee concierge, a rooftop terrace with full kitchen, an electric vehicle charging station, covered parking, fully equipped gym and more.
East Beach Marina Apartments: Built in 2015, the Chesapeake Bay waterfront apartment community is located in the East Beach submarket and offers one- and two-bedroom units with modern open floor plans and high-end features and a wealth of outdoor amenities to complement its waterfront positioning.
Shadetree Apartments: Constructed in 2019, the garden-style apartment community offers one, two, and three-bedroom units. Top-of-the-line amenities include expansive windows, private entertaining cabanas, a clubhouse with state-of-the-art fitness equipment, a swimming pool and sauna.

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NORWALK, CT – Toll Brothers, the nation s leading builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Harris Realty Company have announced a new joint venture to develop Piper, a six-tale, 393-unit multifamily rental community in Norwalk, Conn. The project is being financed through a $136 million construction loan facility from Wells Fargo N.A. as agent and TD Bank. The equity and debt were arranged by Toll Brothers in-house Finance Department.
The community will consist of 393 rental apartments, including 356 market-rate and 37 affordable units, as well as a 589-space parking garage that will include EV (electric vehicle) charging stations. The apartment units will feature high-end luxury finishes and a best-in-class amenity package, including a state-of-the-art fitness center and pool, rooftop deck, coworking spaces, library and wine room, high-end demo kitchen and dining room, a clubroom, and an indoor pet run and spa.
Piper is located at the intersection of West Avenue and Orchard Street, about one mile from the South Norwalk Metro Station, which provides convenient train access to New York City. This growing and dynamic corner of Norwalk is immediately adjacent to notable sites such as Mathews Park, featuring tennis courts, playgrounds, and two museums, and The SoNo Collection, a recently completed upscale mall. The South Norwalk neighborhood, located nearby, provides residents with an brilliant variety of restaurants, bars, cafés, bakeries, and craft breweries. This vibrant thoroughfare is undergoing rapid growth and investment and offers a prime location catering to neighborhood residents and visitors alike. Piper will include nearly 24,000 square feet of ground-floor retail, with flexibility for multiple uses, ranging from a single-tenant market to multiple boutiques, restaurants, or cafes.
John McCullough, President of Toll Brothers Apartment Living, said, As our second project to break ground in the economically dynamic southeastern Connecticut corridor, following Julius, our 356-unit community in Stamford, we are excited to add Piper to our growing portfolio of luxury rental communities across the northeast. Piper will elevate the level of luxury available among the residential rental offerings in Norwalk and introduce the same extraordinary living experience that we are known for nationwide.
Fred Cooper, Senior Vice President, Finance and Investor Relations for Toll Brothers, said, We are pleased to be teaming with Harris Realty to undertake this unique project. We appreciate the support and value of our long-time relationships with Wells Fargo and TD Bank which have shown their confidence to provide us this $136 million construction loan in this challenging environment. Piper is Toll Brothers fourth project being built in Opportunity Zones across the U.S. We are looking forward to developing this dynamic community.
Marvin Strauss, Executive Vice President of Harris Realty, said Harris Realty is grateful to have been given the opportunity to partner with Toll Brothers in this project. Toll Brothers quality home building skills and reputation align with our standard for excellence.

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