GEORGETOWN, TX – Wood Partners, a national leader in multi-family real estate development, announced the groundbreaking of its newest luxury residential community – Alta Austin Avenue – in Georgetown, Texas. Construction is underway, and the community is scheduled to open in Winter 2021.
“We are excited to continue to expand our footprint in the Greater Austin MSA,” said Bart Barrett, Managing Director for Wood Partners. “Georgetown is one of the fastest growing cities in America with booming economic growth. We are excited for the opportunity to meet the needs of the ever expanding population by providing high-quality, reasonably priced housing.”
Alta Austin Avenue will feature best-in-class amenities and finishes. The community’s 312 apartment homes will feature Whirlpool stainless steel appliances, granite countertops, designer tile backsplashes, 42″ cabinets, wood-style flooring, tile in the bathrooms and full-sized washer and dryers. Floor plans will include one-, two- and three-bedroom apartment homes.
Resident amenities will lead the Class A market with a luxurious clubroom, 24/7 fitness center, business center with micro-office spaces and conference room, expansive entertaining spaces, an outdoor kitchen, dog park and resort-style swimming pool. All common areas will also feature Wi-Fi.
Located at 2601 North Austin Avenue, the new community is centrally located along heavily traveled I-35, offering convenient access to surrounding residential communities including Round Rock, Leander, Hutto, and Cedar Park. I-35 also provides quick access to Austin which is only 30 miles south of the community. The community will be located just north of Georgetown High School and is directly across the street from the school district’s stadium.
The North Austin area has increasingly become a preferred location for large corporate tenants and is home to major employers including Dell, Samsung, GM, Emerson, The Home Depot Technology Center and HID. Oracle Corporation and Tesla are two of the latest tech companies to announce their relocation to the Austin area. The Georgetown area also has a robust health system including Baylor Scott & White Health, St. David’s Georgetown Hospital, St. David’s Round Rock Medical Center and Seton Medical Center Williamson County.
Additionally, Georgetown’s first master-plotted industrial business park – NorthPark35 – is in phase one of development and is expected to be completed in spring of 2021. The project is located one mile from Alta Austin Avenue and will include two buildings totaling more than 330,000 square feet, as well as the extension of Aviation Drive. One building will be partially occupied by Georgetown-based Texas Speed and Performance, and the remaining space will be available for future industrial tenants.
Convenient retail options within close proximity include H-E-B, Walmart, Round Rock Premium Outlets and other everyday retailers like Target, Michael’s and The Home Depot. Local restaurant destinations include Monument Café, The Uptown Social and the Hat Creek Burger Company as well as quick-casual options like Panera Bread, Chik-fil-A and Starbucks.

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DALLAS, TX – Sherman Residential announced its acquisition of Axis Kessler Park Apartments, a 2017-constructed Class A+ multifamily community located in West Dallas, Texas.
Formerly Lincoln Kessler Park, the property is located on the west side of Dallas, one of the nation s leading centers for employment. Dallas Fort-Worth consistently ranks high among metropolitan areas for job creation and holds an unemployment rate much lower than the national average.
With Kessler Park just ten minutes from the city s central business and medical districts, residents have access to top employers, including the Federal Reserve Bank of Dallas, AT&T, Deloitte, and Morgan Stanley. Furthermore, the Oak Cliff/West Dallas neighborhood presents a vibrant mix of new dining and retail, culture, and connection to the city s urban core.
The low-density property boasts 299 larger than average units and unique benefits in the Kessler Park market, including: National Green Building Standard Silver certification; Direct-access apartment homes offering one to three bedrooms; Privacy conveniences such as individual garages or assigned carports, controlled-access gates, personal patios/balconies and yards, and complimentary virtual fitness memberships; Comprehensive community amenities, such as a 24-hour state-of-the-art fitness center, putting green, on-site retail, clubhouse with business center, resort-style pool, and fenced-in pet park; and Views of the downtown Dallas skyline and the Stevens Park Golf Course.
On January 5, 2021, Sherman Residential bought and assumed management of the property. Scott Gould, Sherman s Senior Vice President, states:
The acquisition of the Lincoln Kessler Park Apartments continues our firm s long-term commitment to investing in the Dallas-Fort Worth metropolitan area.

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ATLANTA, GA – South Florida Real Estate Firm PointOne Holdings has partnered with Atlanta s Brand Properties to develop a class A multifamily residential community in Lawrenceville, a high-growth suburb of Metro Atlanta.
Plainview Sugarloaf will be a 312-unit, 4 and 5-tale luxury residential community featuring 5 residential buildings plus a clubhouse, built on approximately 14.4 acres. The community will benefit from a traffic count in excess of 35,000 vehicles per day and will be conveniently located within 1 mile of Interstate 85 and over 200,000 jobs in the Gwinnett county I-85 corridor. The property is adjacent to the Sugarloaf Mills Mall and next to high-end homes with access to some of the strongest schools in the city of Atlanta.
The community will include a resort-style saltwater pool with an expansive pool deck featuring pergolas and grilling areas, a fully-equipped fitness facility, a large co-working/business center including a cybercafé, and dog park with dog wash facility. Apartment homes will feature 9 ft ceilings, granite countertops, stainless steel appliances, ceiling fans and walk-in closets.
The joint venture recently closed the acquisition and financing for the project and construction will soon be underway, with first units delivering in Q2 2022.
We are pleased to announce our second JV partnership with Brand Properties to develop Plainview Sugarloaf in the thriving Gwinnett County submarket, said Leo Peicher, PointOne Holdings managing partner. With all of the momentum in Atlanta, and around this submarket, we are very confident that this will be another fantastic investment to our family of investors.
We are excited to be breaking ground on our latest development, Plainview Sugarloaf Apartments, said David Lewin, PointOne Holdings managing partner. We believe that our proactive and thoughtful approach to this project will help us overcome all near-term challenges and allow us to deliver a premier property in a solid market at a time in which there will be a limited supply of similar housing options.
Plainview Sugarloaf continues our strategy of well-located suburban multifamily development to meet the growing need for housing within Gwinnett county, said Woody Rupp, Brand Properties Senior Vice President of Investments. We are excited to again partner with PointOne Holdings to deliver another high-quality project for the community.
Gwinnett County is presently the second largest county in the state of Georgia with an estimated population of 920,260 according to the most recent United States census data. It has led the nine-county Atlanta MSA over the past 46 years in population growth.

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