SOUTH JORDAN, UT – Olympus Property announces the successful acquisition of Promenade at the District, a Class-A garden style community built in 2012 located in South Jordan, Utah. Effective immediately, the asset will be renamed Olympus at the District.  

Olympus at the District is a Class A townhome community located in the desirable city of South Jordan. The property is adjacent to The District, one of the largest mixed-use developments in Utah, with over 852,000-square-feet of theaters, restaurants, retail shops, and office buildings. It offers convenient access to Bangerter Highway for a direct route to the Salt Lake City International Airport. The property is also located within 30-minutes of Downtown Salt Lake City and Silicon Slopes which includes major employers such as Delta Airlines, Adobe, UPS, Goldman Sachs, Fidelity, and eBay. 

Olympus at the District is one of only a few multifamily communities in the submarket consisting of 100% townhomes with attached garages. The average size unit is 1,326-square-feet which is approximately 300-square-feet larger than the average apartment in South Jordan. This property offers the unique opportunity to both individuals and families looking for an apartment and not wanting a neighbor above or below them.

“South Jordan is a flourishing neighborhood in the larger Salt Lake City metroplex. The business friendly environment and high quality of life Utah provides will continue attracting employers and fueling population growth for years to come,” said Chandler Wonderly, Principal of Olympus Property.

Olympus plans to spend $800,000 on top of the existing end-outs to enhance the interiors, add minor renovations to the clubhouse, re-brand the property, paint the exterior, update exterior lighting, and add a pet park. Interior upgrades will include adding smart home packages, ceiling fans, vinyl flooring, and a lighting package further increasing the value of the asset. 

“Acquiring assets in Utah is extremely competitive. The unique townhome design and proximity to both employment and entertainment centers make this asset well positioned to provide tenants a top-notch living experience and deliver strong returns to our investors,” said Chase Bennett, Director of Acquisitions at Olympus Property.

Olympus at the District is an upscale town-home style community featuring a state-of-the-art fitness center, eco-friendly/solar powered units, two swimming pools, sunning decks, a clubhouse featuring a lounge area, TVs, a fireplace, and billiards room, and two playground areas. Unit amenities include stainless steel appliances, granite countertops, gourmet kitchen, full-size washer and dryer, vaulted ceilings, faux-wood flooring, gas range, designer wood cabinets, oversized walk-in closets, 2.5″ wood-composite blinds, one and two car direct access garages, and a front patio for select units.

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BELLEVUE, WA – Aegis Living, a national leader in senior helped living and memory care, opened its latest community in Mercer Island, Wash., located between Seattle and Aegis Living’s Bellevue headquarters. This is the first Aegis Living community in Mercer Island, bringing 24-7 care, holistic health and wellness services and community-integrated programs and amenities to meet transitional needs of area seniors.

“Aegis Living was founded to redefine helped living and memory care – from the tailored design of each building to the carefully curated amenities and life-enrichment activities that empower seniors to live life to the fullest,” said Kris Engskov, president of Aegis Living. “Our new Mercer Island location reflects the time and attention we take to develop a community that connects with our neighbors and makes a place our residents want to call home.”  

Inspired by a Lake Placid ski lodge, the 100,000 square-foot building features 89 apartment homes. It is tucked away among Pacific Northwest greenery, making a resort-like getaway that is walking distance from the center of downtown Mercer Island. A 35-foot-wide waterfall and four-tale exterior fireplace anchor the building and make tranquil outdoor spaces. A ski-lift simulation and cozy gathering spaces throughout, including a sports club filled with Winter Olympic memorabilia, round out the lodge experience.

The Lake Placid vibe is married with a celebration of iconic people and places from Mercer Island. The lobby opens to three Cedar totem poles by Northwest artist Steve Jensen. The “Roanoke” pub honors the landmark Mercer Island Roanoke Inn and Tavern. Residents can delight in the penthouse Keewaydin Sky Lounge and warm up by the fire in the grand living room. The community is filled with thoughtfully curated spaces for residents to delight in time with family and friends including a theater, art room and game/activity areas.

“With each community, we continue to push new boundaries and set a higher bar for what senior living should be,” said founder and CEO Dwayne Clark. “Our vision for Aegis Living Mercer Island is to be a centerpiece for the community – opening our doors not just to our residents but to our neighbors and friends. We’ve recreated the same warm, welcoming feeling that you might experience when walking into a ski lodge from a long day on the mountain. This is paired with the ideal Pacific Northwest backdrop the island has to offer.”

The property features a myriad of health and wellness amenities such as a spa/wellness space equipped with a beauty salon, barber shop, massage therapy and acupuncture, along with a therapy pool. Residents can delight in daily classes and fitness activities and refuel at the bistro and juice bar.

Aegis Living’s approach to helping residents live life to the fullest is coupled with delivering unparalleled memory care for residents with Alzheimer’s and other cognitive impairments. Aegis Living develops customized care plans for each resident while making activities and spaces to meet them where they are. The Aegis Living signature “Life’s Neighborhood” aims to make nostalgic experiences, an approach that provides comfort and meaning for those with dementia. For example, residents can sit in the driver’s seat of a built-in Winnebago or walk on a Chris Craft Boat. The community provides opportunity for daily outdoor experiences, including garden beds for residents to plant and tend to fresh vegetables and flowers.

Aegis Living Mercer Island is located at 7445 SE 24th St, Mercer Island, Wash. The community offers a mix of studio, one-bedroom and select two-bedroom options; 16 apartments homes are dedicated to memory care. Apartments are rented on a monthly basis with small-term care options also available.

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HOUSTON, TX – Wood Partners, the 2nd-largest multifamily developer and 3rd-largest multifamily construction manager in the nation according to the National Multifamily Housing Council (NMHC), announced the groundbreaking of its newest luxury residential midrise community – Alta River Oaks – in the highly affluent River Oaks area of Houston, Texas.

Perfectly positioned at 3636 W Dallas St., the new Alta River Oaks sits amid the best addresses, with ideal access to all that the city has to offer. Just minutes from Houston’s most exclusive shopping and dining, steps from Buffalo Bayou where residents will be able to run, bike, kayak or take a scenic stroll, two and half miles from Downtown Houston’s Central Business District, and three miles from Uptown of Greenway Plaza, Alta River Oaks is set to deliver a new experience in living.

“The River Oaks neighborhood is among the most desired in the entire Houston area,” said Bart Barrett, Managing Director for Wood Partners. “Careful thought and consideration went into the design and interior end decisions to maintain the integrity of what River Oaks represents. We are proud that Alta River Oaks will offer apartment homes featuring A-class finishes and premium amenities.”

The nearby River Oaks Shopping Center features high-end retail options and walkable grocery options – including Whole Foods and Kroger – just steps down the neighborhood’s tree-lined streets. With so many local treats, including the historic Landmark River Oaks Theatre and nearby art museums – the Rienzi Museum of Fine Arts, Bayou Bend Collection and Gardens, the Rothko Chapel, the Menil Collection and others – Alta River Oaks residents will have access to unparalleled cultural and outdoor experiences.

The Alta River Oaks site is in close proximity to several of the major job hubs in Houston’s booming economy, providing a small commute to Downtown Houston, Greenway Plaza, the Galleria, the Energy Corridor, the University of Houston and Rice University as well as the healthcare and scientific research cluster at the Texas Medical Center.

Once completed, Alta River Oaks will total 364 units in a mix of 1-, 2- and 3-bedroom floor plans. The residential units will feature custom finishes including two scheme choices. The premier apartment homes will have top-of-the-line GE stainless-steel appliances, gas cooktop and oven, stunning quartz countertops, custom-pattern tile backsplash, full-size in-unit washer and dryer and wood-style flooring.

To help residents rejuvenate and recharge, Alta River Oaks is a subtle blend of modern sophistication and high-end luxury. From the initial market review, the Interior Design and Architecture teams took careful measures to capture the right essence of what living in River Oaks means to locals and transplants alike. The address evokes a next-level expectation and Alta River Oaks delivers from street elevation, entry experience, clubhouse and amenities, through to each residence. The design aesthetics and color tones are cohesive in every material and product selection, from paver to planting. Alta River Oaks will feel like a permanent address event for the most selective renter.

Alta River Oaks will be home to a number of community amenities ranging from a clubroom, sky lounge, business and conference center for meetings or events, resort-style pool, fitness center with high-end equipment and outdoor kitchen areas. A tranquility courtyard will help residents engage with the natural environment and bike storage will ensure simple access to Houston’s active lifestyle.

Alta River Oaks apartments are expected to start preleasing in fall 2020 with an estimated opening in the fourth quarter of the year. Alta River Oaks is just a few miles from Wood Partners’ Alta West Alabama development, which broke ground earlier this month. That community, which is expected to open in the third quarter of 2020, will total 304 units.

“With Alta River Oaks and Alta West Alabama, we have two luxury communities – in exceptional submarkets – set to come online in the second half of 2020,” Barrett continued. “These apartment homes will give Wood Partners two premier offerings in the region, setting us apart from the competition.”

Alta River Oaks and Alta West Alabama are the latest expansion of the Wood Partners footprint in the Houston market. Wood Partners now has eight properties completed or in development in the Houston area, joining a list of 17 properties in Texas.

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