PHOENIX, AZ – Wood Partners, a national leader in multi-family real estate development and acquisition, announced the grand opening of its newest luxury residential community – Alta North Central – in Phoenix, Arizona.
Alta North Central offers a sophisticated lifestyle with well-appointed amenities that are unmatched in the market. The community exudes an ancient Phoenix charm, nestled in a well loved neighborhood booming with new eateries and nightlife, while being in close proximity to economic hubs in the Central Corridor, Midtown, Downtown, and The Biltmore areas of Phoenix.
“Alta North Central provides a Class-A experience to a submarket that has not seen luxury rental housing in several decades,” said Clay Richardson, Managing Director for Wood Partners. “Phoenix’s economy continues to grow, and the prime location of Alta North Central provides residents with unparalleled access to these nearby job opportunities while living in a classic Phoenix neighborhood.”
In its location at 777 E. Stella Lane, Alta North Central is a small commute to major employers. Both Grand Canyon University and the Arizona State University-Downtown Phoenix Campus are also nearby, as is the city’s light rail line, which connects to major entertainment centers – including Talking Stick Resort Arena and Downtown Phoenix – as well as Phoenix Sky Harbor International Airport.
Alta North Central’s resort-style amenities make it simple to delight in indoor-outdoor living year-round. Outdoor spaces include an exceptionally furnished outdoor upper-level deck, an outdoor patio with a gaming area, grill station, putting green, and a private dog park. Residents can cool down or relax in the swimming pool that features a tanning deck and an in-water seating and spa, with seasonal poolside service from the on-site café. The 2,300 sq ft, 24/7 fitness center features Precor equipment including cardio theater technology, TRX systems and a separate yoga studio.
Alta North Central’s on-site café provides residents with the benefits of a local coffeehouse without having to leave the building, as well as the poolside service during the hotter months. Additionally, Alta North Central features co-working concept suites, complete with micro-offices that can be reserved. With a library space and Wi-Fi throughout the amenity-spaces, residents have multiple options for productivity.
Each apartment home offers top-of-the-line kitchen finishes, including custom cabinet color scheme options, Crystal Diamond White quartz countertops and stainless GE Energy Star appliances with gas cooktop ranges and double ovens in select homes. All homes have full-size, in-unit washer and dryer and walk-in closets. Some units feature dual master suites, powder rooms and up to 10-foot ceilings.
Alta North Central offers 229 units in one and two-bedroom floor plans, in addition to three-bedroom-penthouse offerings. Leasing is currently underway.

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DENVER, CO – The Praedium Group, a New York based national real estate investment firm, announced the acquisition of Legacy on the Promenade in the Westminster/Broomfield submarket of the Denver MSA. Peter Calatozzo, Principal of The Praedium Group, made the announcement of the investment firm’s most recent acquisition.
Constructed in 2018, Legacy on the Promenade is comprised of an elevatored 4-tale building with interior conditioned hallways and a 6-level central parking garage. In addition, there are 24 townhome units with attached 2-car garages. One-, two- and three-bedroom units range from 641 SF to 1,888 SF and include features such as 9 ft to 20 ft ceilings, lakefront views, granite countertops, and stainless-steel appliances. Community amenities include an outdoor lounge, pool and spa, outdoor grill and fire pit station, an expansive two-tale fitness center with a spin and yoga studio, and resident clubhouse and game room.
The Property is conveniently located adjacent to the Denver Boulder Turnpike (U.S. 36), the major thoroughfare connecting Downtown Denver and Boulder, each of which are a 20-minute drive from the Property. The US-36 corridor, which also known as the ‘Silicon Valley of the Rockies,’ boasts the largest concentration of tech office in Colorado.
“The Denver MSA has experienced population and job growth that has exceeded the national average for some time. The Property is located on the border of Broomfield and Westminster, benefiting from simple access to US-36, which puts it in close proximity to one of the fastest growing employment centers in the Denver MSA; an area that has seen job creation in the technology, aerospace, financial services, health and life sciences, and hospitality sectors,” said Mr. Calatozzo. “The buy of Promenade continues our strategy of purchasing high quality properties in growth markets. Over the next several months we intend to rebrand the Property and make several enhancements to the amenity areas.”
The Property sits within walking distance of Westminster Promenade and The Shops at Walnut Creek, which has collectively over 600,000 SF of retail, restaurants and entertainment, and is in close proximity to several grocers and Flatiron Crossings (1.5M SF and the third largest retail center in the Denver MSA). Tenants can also walk to the U.S. 36 Bus Rapid Transit System (BRT).
The 36 Corridor is home to over 20 corporate, national and regional headquarters and several Fortune 500 companies, including Ball Corporation, Oracle, CenturyLink, Trimble, and Vail Resorts. Recent corporate relocations and expansions in the area are expected to make approximately 8,000 new jobs, including Crocs, Partners Group, Trimble and Medtronic. Lindsay Schuckman, Vice President of the Praedium Group, adds, “The Property offers a right live-work-play environment, with walkability to over 600,000 SF of retail and entertainment options, as well as simple access to over 127,000 jobs in the surrounding area.”

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ARLINGTON, VA – Bell Partners Inc., one of the nation’s leading apartment investment and management companies, announced that it has expanded its presence in the Washington, D.C., metro area by acquiring Vista on Courthouse, a 220-unit multifamily residence located in Arlington, Va. The property will be renamed Bell at Courthouse and will be managed by Bell Partners. The acquisition is Bell Partners’ second acquisition in Arlington this year, following the buy of Bell Arlington Ridge in June.
Built in 2008, Bell at Courthouse is located in the heart of Arlington’s quick-growing Rosslyn-Ballston Corridor and offers small commutes to dozens of major employers in the Corridor as well as Amazon’s HQ2 at National Landing. The neighborhood rates highly in measures of walkability and transit access given its location adjacent to route 50 and the Courthouse Metro station which is three blocks away.
“We are focused on acquiring rental housing communities in high quality locations where we can leverage Bell’s platform to enhance value. The Bell at Courthouse investment fits well within our investment strategy and is a complementary asset to our Washington metro portfolio,” said John Blaylock, Senior Vice President of Investments at Bell Partners. “The Rosslyn-Ballston Corridor is an attractive place to live and work and has projected strong employment growth. We also plot to renovate the amenity spaces and unit interiors to enhance the resident living experience.”
Bell at Courthouse’s amenities include a swimming pool, club room, fitness center and BBQ grilling area. Apartment interiors include washers and dryers, granite countertops, stainless steel furniture, and private balconies. Townhomes have floor-to-ceiling windows and expansive views of the Washington, D.C. monuments.
Including Bell at Courthouse, Bell Partners currently operates 23 apartment communities in the greater Washington, D.C. metro area.

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