CARY, NC – Wood Partners, a national leader in multi-family real estate development, announced the groundbreaking of its newest luxury residential community – Alta Wren – in Cary, North Carolina. Construction is underway, and the community is scheduled to open in the summer of 2021.
Located five minutes south of Research Triangle Park, the new community will provide residents a convenient living location with phenomenal access to employers, top-tier public schools and abundant recreation and entertainment options.
Research Triangle Park, the largest research park in the United States, is home to more than 250 businesses and 50,000 technology and life sciences jobs. Major companies in the area include IBM, Credit Suisse, Cisco, Biogen and Lenovo.
“Our hope is this new community will provide the highest quality of living in a location convenient to everything the Triangle region has to offer,” said Wood Partners Managing Director Caitlin Shelby. “The sustained economic growth in this region will continue to attract residents to the area, while Alta Wren’s spacious units and extensive amenities will set it apart from other existing communities.”
Alta Wren’s location provides quick access to local parks and outdoor recreation while being adjacent to multiple grocers, restaurants and retail. In addition, the project is central in the Triangle region with Interstates 40 and 540, as well as Davis Drive nearby, giving residents quick access to Raleigh, Durham and Chapel Hill.
The Raleigh-Durham International Airport is approximately eight miles northeast of the community, making this an ideal home for those who travel for business or leisure.
Once complete, Alta Wren will include 250 units with state-of-the-art amenities, including two outdoor courtyards with a resort-style pool, co-working space for residents, a fitness center with flex space, playground, demonstration kitchen, gaming and abundant space for residents to work from home.
All apartment homes will feature top-of-market finishes, including stainless steel appliances, quartz countertops, wood-style plank flooring, backsplashes, balconies and spacious interiors.

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BOSTON, MA – NEI General Contracting, an award-winning general contractor and construction management firm, announced it is working with ICON Architecture on the Finch Cambridge project on behalf of Homeowner’s Rehab, Inc. (HRI).
Located at 671 Concord Avenue, this is the largest new multi-family affordable housing development in Cambridge, Massachusetts in 40 years. When complete in the Spring of 2020 the 124,000 SF development will provide 98 rental units of 1-, 2-, and 3-bedroom apartments that are permanently affordable to low-income households as well as moderate- and middle-income households. It is one of the first large-scale multi-family developments seeking Passive House certification in Massachusetts. The project is expected to be substantially complete in April 2020 and residents will be go in the following month.
According to Passive House Massachusetts, Passive House is a voluntary international building standard developed by the Passive House Institute (PHI), located in Darmstadt, Germany. The Passive House Standard is composed of several strict performance requirements for new building construction. The resulting performance produces approximately a 90% reduction in heating and cooling energy usage and up to a 75% reduction in primary energy usage compared to homes built to conventional building codes. Passive House significantly reduces the carbon footprint while making a comfortable, healthy, and affordable environment.
“We have worked with NEI and ICON on several of our new construction projects and we knew they were the right team for Finch Cambridge. Both firms provide much-needed knowledge of Passive House and cutting-edge energy efficiency standards, and are collaborating with experienced sustainability consultants to build incredibly efficient and healthy housing for the long-term,” said Jane Carbone, Director of Development at HRI. “We received funding from a grant offered by the Massachusetts Clean Energy Center and it allowed us to truly commit to Passive House design for this project.”
Together, the project team worked through the details to ensure compliance with Passive House standards and to prepare for the rigorous inspections scheduled throughout the design and construction process. Passive House design presents unique challenges during construction.
“NEI worked diligently to know the intent of the Passive House elements and worked closely with the architect to maintain constructability while meeting the intent,” said Josef Rettman, president of NEI Construction.
A primary function of Passive House is providing continuous air & thermal boundaries and minimizing thermal bridging. NEI modified its typical internal QA/QC inspection process and added steps to accommodate the 3rd party inspections required as part of the Passive House certification process. This additional process requires more visual inspections and photo documentation.
NEI had to install an air barrier on interior partitions that wouldn’t normally apply on a traditional construction project in order to provide a tight building envelope at the Passive House boundaries identified by ICON Architecture. In addition, the sequence of subcontractors had to be adjusted, often bringing in a trade earlier than normal to meet certain Passive House requirements and inspection milestones. For example, the exterior air barrier was installed while the building was being erected, sometimes between two prefabricated wood wall panels, as required to maintain continuity at the Passive House boundaries which were located at a few interior partitions.
Finch Cambridge is located in the Alewife/Cambridge Highlands neighborhood directly across from the Fresh Pond Reservation, which hosts walking paths, parks, and playgrounds, and in walking distance of grocery stores, restaurants, shopping, and fitness options. Apartment amenities will include open floor plans, large windows, and Energy Star™ appliances. Residents will have access to a large multipurpose community room and kitchen, resident lounge and study rooms, a rooftop terrace and landscaped outdoor spaces. It is located near two MBTA bus lines and a red line subway station.
This property is being developed and will be owned by HRI, a local non-profit affordable housing developer in Cambridge. Finch Cambridge will be professionally managed by Winn Residential.

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MANSFIELD, TX – South Florida real estate firm PointOne Holdings has partnered with Realty Capital Management to develop a 266-unit multifamily community in Mansfield, a suburb of Dallas Fort Worth, Texas.
Main Street Lofts Phase II will be built on an eight-acre site and will be comprised of four midrise buildings featuring exceptional amenities, including a fourth floor indoor/outdoor lounge, a resort-style pool, clubhouse with mezzanine area, and a state-of-the-art fitness center.
The property will have direct access to an expanded trail system that connects under Main Street to the Mansfield Town Park, which includes a 600-seat amphitheater, playgrounds, picnic areas, trails and sport courts. The community will be within a small walk from the recently revitalized Mansfield downtown which features new restaurants, bars and a major renovation of the historic Farr Best Theatre.
Mansfield is experiencing significant growth, driven primarily by its employment opportunities, top-rated school system, proximity to major medical and healthcare centers, and convenient access to Dallas, Fort Worth, and DFW International Airport.
We are honored to partner with Realty Capital Management on this unique residential development project, said Leo Peicher, PointOne Holdings managing partner. We are also excited to close our second development project during these unique times and are enormously thankful to our investors who have supported our choice to go forward, knowing that when this property is delivered, it will be exceptionally well-positioned.
We are excited to develop a multifamily property in Dallas/Fort Worth, the fourth largest metro area in the country with an estimated population of 7.2 million residents and tremendous population growth expected in the coming years, said David Lewin, PointOne Holdings managing partner. We are bullish to deliver this fabulous property on the back end of the Covid-19 pandemic and expect that it will be met with pent-up renter demand.
Tim Coltart, Managing Director of Realty Capital, stated of the development, Having witnessed the exceptional growth of Mansfield and expansion of its Historic Downtown over the recent years, we could not be more excited to deliver a project in the heart of the City. With direct access to public trails and Downtown, and with proximity to brilliant public schools, Main Street Lofts Phase II is truly one of the best development sites in the D-FW metroplex. We are grateful for this opportunity to inaugurate our partnership with PointOne Holdings, and to continue our partnership with the City of Mansfield, in the development of a successful project .

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