Wood Partners Announces Groundbreaking of 330-Unit Alta Raintree Luxury Residential Community in Scottsdale, Arizona

SCOTTSDALE, AZ – Wood Partners, a national leader in multi-family real estate development, announced the groundbreaking of its newest luxury residential community – Alta Raintree – in Scottsdale, Arizona. Construction is underway and the community is scheduled to open in the fall of 2021.
Located 10 minutes from Scottsdale Airpark in the coveted City of Scottsdale, this new community will offer residents simple access to North Scottsdale’s large employment base that is home to more than 86,000 jobs. Notable employers in the nearby area include Nationwide, GoDaddy, Vanguard, JDA Software, Mayo Clinic, HonorHealth, Prudential, American Express and CVS Health.
For those who delight in the outdoors, the community’s location is in close proximity to a number of outdoor attractions such as Camelback Mountain, McDowell Mountain Regional Park, and a number of well loved, local golf courses. The Waste Management Open, the highest attended golf tournament in the world, is played annually at TPC of Scottsdale, only two miles away.
“Alta Raintree’s prime North Scottsdale location is what will appeal to the residents the most,” said Kevin Curley, Development Associate for Wood Partners. “Being close to jobs, shopping and abundant nightlife offers unbeatable convenience. Add in being surrounded by the desert mountains and outdoor activities, Alta Raintree will make for an unparalleled living experience.”
Scottsdale is home to the Phoenix-metro area’s favorite shopping destinations, including Kierland Commons, the Scottsdale Quarter and Scottsdale Fashion Square mall, which houses the valley’s finest collection of high-end retailers. The community offers walkable access to nearby restaurants and retail as well. Finally, the location also provides quick access to the Highway 101, easily connecting Alta Raintree to the Phoenix megaregion.
Once complete, Alta Raintree will include 330 units comprised of one-, two- and three-bedroom floor plans. The community will feature state-of-the-art amenities including an over-sized fitness center with yoga space and a resort-like pool area accompanied by a sunken seating area that will surround a steel ‘Art Tree’. A game room, speakeasy, rooftop deck and stunning clubhouse will give residents access to luxurious living steps from their door.
All apartment homes will feature stainless-steel appliances with french-door refrigerators and double ovens in select units, quartz countertops, modern, self-close cabinetry, backlit mirrors in the bathrooms, keyless entry for maximum convenience and in-unit front load washer and dryers.

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American Landmark Apartments Acquires 320-Unit The Vinings at Palm Bay Apartments in Florida’s Space Coast Region

PALM BAY, FL – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has bought The Vinings at Palm Bay, a 320-unit apartment community located in Palm Bay, Florida. The community has been renamed The Braxton and will undergo a $3 million capital improvements and rebranding program.
With this acquisition, American Landmark now owns and operates 22 multifamily communities in Florida and has a national portfolio in excess of 33,000 units.
The Braxton is conveniently located in the booming Space Coast region of Florida, home to thousands of a high-tech aviation and manufacturing jobs and employers such as Harris Corporation, Northrop Grumman, SpaceX, and Space Coast Credit Union. It is 10 minutes from many Atlantic Ocean beaches and Eastern Florida State College – Palm Beach Campus; 30 minutes from Patrick Air Force Base, and under 45 minutes from Titusville and Cape Canaveral.
Earlier this year, the Milken Institute, a nonpartisan economic reckon tank, named the Space Coast region as one of the top 10 best-performing cities in the U.S., alongside major metros like San Francisco, Seattle and Austin, Texas.
Palm Bay and the surrounding cities of Melbourne, Titusville and Cape Canaveral are enjoying significant job and population growth due to the area s strong high-tech, defense and aerospace sectors, so now is an brilliant time to be investing in quality rental housing in this region which will remain an vital contributor to the U.S. economy for years to come, said Christine DeFilippis, chief investment officer at American Landmark.
American Landmark plans to upgrade a variety of features throughout the property in a comprehensive value-add program. Unit upgrades include granite countertops, new cabinets, backsplash, stainless steel appliances, nickel-brushed plumbing fixtures, luxury lighting fixtures, USB outlets and electronic locks. For the site, improvements include a grilling table, dog park and renovated fitness center/clubhouse, swimming pool and landscaping.
Built in 1987, The Braxton is located 1000 Palm Place Drive Northeast and consists of one-, two- and three-bedroom apartments ranging in size from 595 square feet to 1,356 square feet. Apartments include open floor plans, fully-equipped kitchens, a private patio or balcony, in-unit washer/dryer and elegant fixtures. Community amenities include two swimming pools, fitness center, tennis court and more.

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Lennar Announces Opening of Vibe at Millenia Urban-Inspired Townhomes in Greater San Diego Area Masterplan Community

SAN DIEGO, CA – Lennar, one of the nation’s leading homebuilders, announced the debut of Vibe, a contemporary, urban-inspired townhome community located in Chula Vista’s masterplan community of Millenia. Situated in a highly desirable section of the masterplan community, adjacent to Millenia’s paseo, Vibe features six unique three- and four-tale, contemporary townhome designs to choose from.
Inspired by urban living, the homes include thoughtful design details such as open-concept entertaining areas, spacious kitchens and first floor bedrooms or offices. Some of the floorplans also offer bonus rooms and rooftop decks.
“We are delighted to bring these contemporary, urban-inspired townhome designs to the well loved masterplan of Millenia,” said Bill Ostrem, San Diego Division President for Lennar. “Thoughtful floorplans, a highly-sought after location within the Millenia masterplan and an appealing price point make a winning combination for home shoppers.”
Vibe at Millenia offers six thoughtfully-designed floorplans with contemporary exterior styles that make a modern urban-inspired appeal. The townhomes range from 1,681 to 2,552 square feet, with three to four bedrooms and three to three-and-a-half bathrooms. The floorplans feature spacious living areas with spa-like owner’s suites and first floor bedrooms that can serve as a dedicated office space for enhanced livability. The X floorplan has four tales and includes a bonus room and roof top deck for added entertaining space. Pricing starts in the high-$400,000s.
Each floorplan will incorporate innovative design details and Lennar’s signature Everything’s Included® program which provides customers with a high level of standard features already included in the base price of the homes. All homes are Wi-Fi Certified and engineered for whole-home connectivity with included features like the Ring Pro video doorbell, Ecobee Smart thermostat, Schlage Encode and Wi-Fi smart lock.
Vibe at Millenia residents will delight in access to community amenities including a recreation area with a pool, BBQ area, fire pit and children’s play area. Plus, the Millenia masterplan is across the street from the well loved Otay Ranch Town Center and all the shops it has to offer. The community is in close proximity to SR 125 Toll Road which offers connectivity to the greater San Diego area.

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