ORLANDO, FL – Wood Partners, a national leader in multi-family real estate development, announced the grand opening of their newest luxury apartment community. Alta Headwaters features 328 units in multiple four-tale, elevatored-buildings comprised of one-, two- and three-bedroom apartment homes as well as studios. The community officially opened its doors to residents on July 30 and has more than two dozen go-ins scheduled for August and September.
Alta Headwaters, named for its proximity to Shingle Creek – considered to be the northernmost headwaters of the Florida Everglades – is situated on 15.31 acres at the prime intersection of Central Florida Parkway and John Young Parkway. Located at 4000 Headwaters Way, the community offers resort-style living in a premium location at the confluence of Orlando’s Tourism Corridor and some of its largest office and industrial parks.
“Alta Headwaters is poised to benefit from its prime corner location and access to a diverse employment base that extends well beyond hospitality and tourism,” said Bryan Borland, Managing Director at Wood Partners. “We’re strong believers in this corridor as evidenced by this being our third development in the immediate vicinity, and we feel that Alta Headwaters has reset the bar in the submarket.”
Alta Headwaters allows convenient access to many prominent employers and a number of nearby corporate office and industrial parks including SouthPark Center, Southridge Commerce Park and Infinity Park, all within minutes of the property. Major employers in the area include Darden Restaurants’ corporate headquarters, Lockheed Martin and Tupperware Brands, among others. Directly across the street, Grande Lakes Orlando Resort is home to Orlando’s largest luxury hotel complex, anchored by The Ritz-Carlton and JW Marriott.
The luxury apartment community is conveniently located within three miles of Florida’s Turnpike, Interstate 4 and the Beachline Expressway (SR 528). These provide simple access to a wide range of entertainment venues including SeaWorld, Universal Orlando Resort and Walt Disney World Resort, in addition to a wide variety of nearby shopping options including The Florida Mall, The Mall at Millenia and two Simon Premium Outlet locations. Furthermore, just one exit north on Interstate 4, residents have their choice of dozens of Orlando’s finest upscale and casual dining options on Sand Lake Road, better known as “Restaurant Row.”
Alta Headwaters features best-in-class amenities including a resort-style, zero-entry saltwater pool with a sundeck and covered poolside pavilion, private cabanas, hammocks, lounge seating and outdoor grilling areas. Additional amenities include a modern, state-of-the-art fitness center featuring virtual training classes and a yoga room, a game lounge featuring a billiards table, an automated “smart” package room and a fenced dog park.
Unit finishes include wood-style plank flooring in all entryways, kitchens, bathrooms and living rooms, premium quartz countertops, low-profile stainless-steel appliance package featuring a side-by-side refrigerator with water and ice dispensers, glass-top cook range, soft-close kitchen cabinetry with under-cabinet lighting and custom kitchen tile backsplash.

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SEATTLE, WA – While the for-sale market has shaken off the early impact of the coronavirus pandemic and resumed its torrid pre-pandemic pace, rent growth hit the brakes this spring. Rent prices in urban areas have slowed more than those in suburban areas, Zillow data shows, a possible signal that renters’ preferred location is tilting toward the suburbs.
Rents were chugging along at a stable pace into the early part of this year, but the spike in unemployment has hit renters more severely than homeowners, and millions have went back in with parents or grandparents, impacting demand for rentals. That’s caused the rate of rent growth to slow from February to June.
During that period, rent price growth has slowed more in urban ZIP codes than in the suburbs — annual rent growth has slowed two percentage points in urban areas, compared to 1.4 percentage points in suburban areas. That is a subtle split, but it goes against the trend seen just before COVID-19 hit the U.S., indicating the shift was influenced by the pandemic. Urban and suburban renters alike are missing rent payments or have went home during the pandemic to a similar degree, but typically less expensive suburban rentals may now be more appealing for those who no longer need to commute or are temporarily unable to delight in some of the amenities of urban living.
Renters usually have more flexibility than homeowners given their relatively small lease terms, and rent prices are often quicker to go as a result. Zillow search traffic data does not yet show home shoppers are more interested in suburban homes than in past years, and both areas are seeing similar home-value growth, time on market, sales above list price and rate of newly pending sales. Survey results, but, indicate working remotely is causing many to reconsider their options. If this early shift in the rental market is indicative of a more widespread change in preferences, similar changes to the for-sale market could follow, but the economic impact on renters may be playing a larger role.
“It’s vital to separate how much of the trend we are seeing comes from shifting tastes as opposed to the economic reality that renters face,” says Zillow economist Joshua Clark. “It may be tempting to conclude that urban renters who have been cooped up without outdoor space and unable to visit their favorite local bar are ready to commit to suburban life, and that is likely right for many. But that narrative ignores the job loss that has hit renters, who are disproportionately employed in the industries most affected, and has likely played a larger role in recent moves.”
This split between urban and suburban rent growth was present in more than half of large U.S. metros studied. The largest gaps were in Dallas-Fort Worth, Sacramento, San Francisco and the greater New York metro.
Not all markets are following this pattern. Urban rent growth has been stronger than suburban growth in some metros, and that difference is largest in Kansas City, Detroit, Baltimore, Riverside and St. Louis. Rents in both urban and suburban areas of Kansas City are accelerating, but urban rents are to a greater degree. Baltimore rent growth was softening before the pandemic, and has continued on that trajectory.

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GATLINBURG, TN – FOURMIDABLE, a national real estate property management and brokerage firm currently managing 14 communities throughout Tennessee, announced the opening of Watson Glades Place, its newest community in Gatlinburg.
“FOURMIDABLE is proud to have been working with the members of this ownership group since 2007 and have built a strong professional relationship. We are extremely excited to be part of the city and looking forward to managing such an upscale community,” said Michael Schocker, President of FOURMIDABLE. “Watson Glades Place is going to be a wonderful addition to the Gatlinburg area.”
Watson Glades Place offers residents 80 one, two and three bedroom homes. The newly constructed, energy efficient community features fully equipped kitchens with dishwashers, in-unit washers and dryers and vaulted ceilings.
The community will also offer residents an outdoor pool, business center, fitness center, furnished clubhouse and playground.
Watson Glades Place is being developed in cooperation with the Tennessee Housing Development Agency under the Low-Income Housing Tax Credit program. The general contractor is BACAR Constructors of Nashville, Tenn. The developers for the property are Watson Glades Place 2017 Limited Partnership.
The first residents went into their gorgeous new homes in late July. Rental rates for Watson Glades Place range from $595 to $795 a month. There are income limitations for residential applicants based on the area median income, but no direct rent subsidies are offered at the community.

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