SPRING, TX – Wood Partners, a national leader in multi-family real estate development and acquisition, announced the groundbreaking of its newest luxury residential multi-family community – Alta Cathedral Lakes – in Spring, Texas.
Located at 698 Basilica Bay Drive, Alta Cathedral Lakes is in Spring’s new master-plotted community, Cathedral Lakes, which features 150-acres of mixed-use development. This community will be minutes away from thousands of jobs, premier retail and dining opportunities and a range of outdoor and entertainment activities. When combined with top-line amenities, Alta Cathedral Lakes will provide a living experience unparalleled in the area.
“The Houston area continues to show robust growth in new jobs and demand for high-quality apartment homes,” said Bart Barrett, Managing Director for Wood Partners. “At Wood Partners, we are confident that Alta Cathedral Lakes – with its proximity to a number of the region’s major employers, abundant retail and entertainment options and desirable school districts – will be a well loved community.”
The renowned Woodlands Mall and adjacent Market Street are less than four miles from the Alta Cathedral Lakes site, offering a range of high-end shopping retailers, cinemas, restaurants and luxury hotels. A number of grocery stores, including Whole Foods, Walmart Supercenter, three HEB locations, and two Kroger locations are within five miles.
When complete, Alta Cathedral Lakes will be directly across I-45 from CityPlace Springwoods Village, a 60-acre mixed-use urban district plotted for more than 9 million square feet of commercial space. The business community is home to more than 17,000 employees and includes the world-class corporate campuses of ExxonMobil, Southwestern Energy, ABS and HP Inc.
Three major hospitals, including CHI St. Luke’s – Springwoods Village, Memorial Hermann – The Woodlands and CHI St. Luke’s – The Woodlands complex are just a few miles away. High-quality schools, including the desirable Conroe Independent School District, are a small drive away. To entertain residents, the Houston-area’s premier outdoor concert venue – the Cynthia Woods Mitchell Pavilion – is less than four miles from the site, hosting approximately 65 events per year. The Woodlands Resort and Conference Center, with its multiple golf courses, spa, and waterpark is perfect for entertaining guests, family and friends.
Once completed, Alta Cathedral Lakes will total 300 units in a mix of 1-, 2- and 3-bedroom floor plans. Kitchens will feature stainless-steel appliances, granite countertops, tile backsplashes, 42″ cabinets and all units will have full-size washers and dryers.
Additional amenities include a clubroom, well-equipped fitness center, a business center with conference rooms available for reservation, a common outdoor kitchen space, dog park and dog wash plus a resort-style pool. Some units will feature waterfront views.
The Alta Cathedral Lakes apartments are expected to start preleasing in Fall 2020 with an estimated opening in the fourth quarter of the year.
Alta Cathedral Lakes is the latest in Wood Partners expanding footprint in the Houston region. Wood Partners now has 8 properties completed or in development in the Houston area, joining a list of 21 properties in Texas. Earlier this year, Wood Partners broke ground on two developments in the Houston area: the 304-unit Alta West Alabama, in the Greenway/Upper Kirby district, and the 364-unit Alta River Oaks, in the prestigious River Oaks neighborhood.

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BUDA, TX – Olympus Property announced the successful acquisition of Carrington Oaks. This Class-A garden style community built in 2015 is located in the city of Buda, a suburb of Austin, Texas.
Carrington Oaks is strategically located fifteen miles south of downtown Austin. The property is in close proximity to two major universities including University of Texas at Austin with 51,000 students and Texas State University in San Marcos with 38,000 students. The city of Buda, which the Texas State Legislature named “The Outdoor Capital of Texas,” hosts an affluent demographic base with a median age of 34 and an average annual household income of over $90,000.
The city of Buda is in Hays County, which has experienced tremendous growth over the past decade. Hays County has grown approximately 42% from 2010 through 2018 making it the fastest growing county in Texas and the fourth fastest growing county in the country.
“Olympus is acquiring Carrington Oaks at an attractive basis in one of the fastest growing markets across the country. This deal checks all of the boxes as we continue to expand Olympus in our home state of Texas,” said Chandler Wonderly, Principal of Olympus Property.
Carrington Oaks community amenities include a resort style pool with cascading fountains, poolside seating and cabanas, state-of-the-art fitness center, spinning room, clubhouse with fireplace, billiards, and lounge areas, large theater room with leather recliners, executive business center, outdoor propane and charcoal grills, pet park, playground, gated entrance, detached garages and covered parking. Unit features include 9 ft. ceilings, stainless steel appliances, granite countertops, full-sized kitchen pantries, kitchen islands/breakfast bars, wood vinyl flooring, track and pendant lighting, washer and dryer, garden tubs, ceramic tile bath surround, large walk-in closets, double vanities, pet yards, balconies and patios with outdoor storage.
“Carrington Oaks is a gorgeous property located near Austin, one of the fastest growing cities in the United States. The economic expansion in this market will provide sustained rent growth and appreciation which in turn will deliver strong returns to both our Partners and Olympus,” said Chase Bennett, Director of Acquisitions.
For the third year in a row, Austin was ranked the #1 Best Place to Live by U.S. News and World Report. A booming economy, growing job market, high quality of life and low cost of living make Austin a sought-after city. Austin has earned the nickname “Silicon Hills” because it is a major employment base for technology companies such as Apple, Dell Computer, IBM, Intel, AMD, National Instruments and Samsung. Over the past decade the area has loved a sustained period of economic and population expansion as local companies increase their business capacity and others relocate to this attractive central U.S. location.

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DALLAS, TX – Wood Partners, a national leader in multi-family real estate development and acquisition, announced the groundbreaking of its newest luxury residential multifamily community, Alta Midtown Park in Dallas, Texas.
Located at 8107 Manderville Lane, Alta Midtown Park is in the desirable Vickery Meadow area north of Downtown Dallas. The site provides simple access to numerous road and transit options, connecting to jobs and entertainment across the region. Once complete, Alta Midtown Park will be just a small commute from thousands of jobs in the booming Dallas-Fort Worth area and is close to hundreds of retail and dining opportunities.
“The Alta Midtown Park site represents an incredible infill location within a highly desirable and newly transitioned submarket,” said Ryan Miller, Managing Director for Wood Partners. “It will place our residents in the center of everything that the region has to offer, providing top-of-the-line amenities in each home and a luxury experience in common-use areas at a preferred price point, making it an attractive option in the Midtown submarket.”
The site is just east of US 75 / Central Expressway, the primary North-South artery in Dallas. Downtown Dallas and its booming economic opportunities are just eight miles away, while the region’s two major airports – Dallas Like Field and Dallas-Fort Worth International – are both a small distance from the new community. Alta Midtown Park is a half-mile from the Walnut Hill DART Station and its Orange and Red lines, both of which connect to the heart of the city.
A number of restaurant, retail, movie theater, and grocery options are near the future community. Preston Hollow Village, a major shopping and entertainment destination, and NorthPark Center, an upscale indoor mall with more than 200 retailers, are a few minutes drive. Trader Joe’s, Whole Foods, and Tom Thumb locations will make grocery shopping simple for residents.
Alta Midtown Park will offer a range of amenities for residents including a resort-style pool with tanning ledges, an outdoor kitchen area, an expansive fitness center with high-quality equipment, a conference room with state-of-the-art A/V technology and a fifth-floor indoor-outdoor sky lounge with a view of Downtown Dallas. Once completed in early 2021, Alta Midtown Park will total 307 units in a mix of studio, plus one- and two-bedroom floor plans. All will have Class A appliance packages.
Alta Midtown Park is the latest in Wood Partners expanding footprint in the Dallas-Fort Worth mega-region. In recent months, Wood Partners had significant news on two major developments in the region: the 225-unit Alta Spring Creek, in Garland, and the 288-unit Alta 289, in Plano.

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