PORTLAND, OR -Wood Partners, a national leader in multi-family real estate development and acquisition, announced the land closing and groundbreaking of its newest luxury residential community – Alta Art Tower – in Portland, Oregon.

The high-rise tower will total 314 units, featuring studio, one-, two- and three-bedroom floor plans located at 1516 SW Alder Street. The community is central to the desirable art, cultural and retail experiences available in Portland’s most prominent neighborhoods, including Downtown, the Pearl District, the West End, Goose Hollow and the Alphabet District. 

“Alta Art Tower is uniquely situated between some of the most in-demand neighborhoods in Portland,” said Michael Nagy, Managing Director for Wood Partners. “The community will offer an abundance of culture and social activities, plus convenient access to world-class public transit and employment options. With thousands moving to Portland each year, Alta Art Tower is a strategic investment for Wood Partners that will help meet the pent-up demand following Portland’s new Inclusionary Housing Ordinance.”

The Portland Metropolitan Area is experiencing significant economic growth, from high-profile employers including Nike, Google, Adidas, Under Armor, Intel and Amazon. Additionally, an expansion of the Oregon Health and Science University and numerous outdoor industry and technology companies provide Alta Art Tower residents with a diverse set of employment opportunities nearby.

The Artists Repertory Theatre, sharing a block with the project, will be incorporated into the Alta Art Tower experience, ensuring continued operations for this beloved community institution. Alta Art Tower will feature an innovative lobby experience with a performance stage and art gallery to be loved by residents and guests alike. Additional community amenities include a rooftop club room with two outdoor terraces, a co-working and meeting space, a music performance room, a state-of-the-art fitness studio and ground floor retail including the “Backstage Bar.”

Inside the apartment units, residents will find modern finishes that distinguish this community from others in the market to provide an A-class, high-rise living experience. Unit features include quartz kitchen countertops, stainless-steel Energy Star appliances including gas cooking ranges, vinyl-wood flooring, en-suite master baths with custom-framed mirrors, tile shower surrounds and soaking tubs, walk-in closets and solar shades.

Alta Art Tower joins a growing list of properties developed and managed by Wood Partners in Oregon.

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IRVING, TX – JPI announced the sale of Jefferson Chandler to Dallas-based Rosewood Property Company. The city of Chandler, part of the Phoenix East Valley, has experienced tremendous job growth over the last several years. Intel, for example, is a top employer in the city with over 11,000 jobs and is investing $7 billion into a Chandler production facility. This city is quickly living up to its reputation as the “Silicon Desert.”

Jefferson Chandler, a 283-home community developed by JPI in 2018, is managed by Alliance Residential. The community is conveniently located near Chandler Fashion Center, which offers terrific connectivity to major employment centers, first-class retail and fine dining. The location also boasts fantastic visibility and proximity to the freeway interchange of Loop 101 and Loop 202, which are major travel arteries of Phoenix.

“We are proud of the community we have made in Jefferson Chandler, and we’re excited to transition it to Rosewood Property Company,” said Rosie Cooper, Executive Vice President and Regional Managing Partner – Western Region at JPI. “As the city’s economy continues its healthy job growth, Jefferson Chandler is well-positioned to capitalize on sustained demand for multifamily housing, and we believe Rosewood is the perfect owner to capitalize on that growth.”

JPI aims to offer a unique living experience at each of its communities, with a well-balanced and diversified array of services, amenities and design features. JPI believes that together, these elements produce the most gratifying resident experience, and Jefferson Chandler is no exception.

“Jefferson Chandler marks our first transaction with Rosewood Property Company,” said Brad Taylor, Chief Executive Officer and Managing Partner at JPI. “This transaction has gone smoothly from beginning to end. It has been an honor to partner alongside a team of such high caliber, and we are hopeful for more opportunities to work together.”

“We are excited about our first acquisition in the Phoenix market, specifically the dynamic submarket of Chandler in the East Valley,” said Rick Perdue, President of Rosewood Property Company. “Jefferson Chandler is a perfect example of our current focus on core-plus communities in high-growth markets. JPI continues to bring top multifamily communities to the market, and Jefferson Chandler is a fantastic illustration of that quality. We look forward to partnering with JPI again.”

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WINTER PARK, FL – The Bainbridge Companies, the 10th-largest apartment developer and a leading owner and manager of luxury multifamily communities, announced the start of preleasing at Bainbridge Winter Park, an ultra-luxury apartment community in Winter Park, Fla.

Located at 1400 Morgan Stanley Ave. near the intersection of US-17 and Lee Road, the five-tale community with a structured parking garage features 278 apartment homes and sits in the heart of the Ravaudage mixed-use development, offering residents walkable access to numerous shopping, entertainment and dining options. Bainbridge Winter Park is just 15 minutes north of downtown Orlando, and residents can delight in stress-free, one-hour trips to the coast. The community will welcome its first residents in September 2019 and will be celebrating with a ribbon cutting and private cocktail hour on Thursday, September 12, 2019. 

“We simply could not be more excited about Bainbridge Winter Park or more optimistic about its success,” said Bob Thollander, President of Development, Florida for Bainbridge. “It provides an unbeatable combination of top-tier design, best-in-class amenities and a world-class location. Residents of this community will truly experience effortless modern living.”

Among the attractions near Bainbridge Winter Park are the Park Avenue shopping, dining and entertainment district, Lake Osceola, the Charles Hosmer Morse Museum of American Art and the Downtown Winter Park Historic District, which features picturesque eateries and boutiques amidst numerous art galleries and museums. The community also is close to abundant outdoor recreation and water-sport opportunities.

Bainbridge Winter Park makes an atmosphere of extreme luxury through convenience-focused amenities such as a 24-hour fitness center featuring Peloton bikes and a 24-hour, video-monitored mail center with Luxer One package lockers. 

The community offers ample opportunities to socialize with friends, family and fellow residents with features like an indoor/outdoor club room and lanai with television and fireplace; a community lounge with a cybercafé and gathering areas; and a resort-style heated saltwater pool with sundeck and large gazebos and summer kitchens. Recognizing the unbreakable bond so many renters have with their pets, Bainbridge Winter Park also features a shaded indoor dog park and pet spa as well as an extensive outdoor dog walk. 

Bainbridge Winter Park offers spacious and sophisticated junior one-, one-, two- and three-bedroom apartment homes. In keeping with its commitment to meeting the wide variety of resident taste and preferences, the community offers three end collections: Diamond, Emerald and Sapphire. 

Throughout the apartment homes, the amenities promote ease of living and cutting-edge style. The modern kitchens feature 42-inch designer cabinets, marble backsplashes, quartz countertops, chef-inspired stainless steel appliance packages and side-by-side refrigerators with in-door filtered water. Other in-unit amenities include Nest thermostats and sleek, hardwood-style plank flooring. 

The apartment homes also have 9-foot to 12-foot ceilings, oversized walk-in closets, and double vanity options. Select homes feature oversized master showers with dual shower heads, custom built-in closet organization systems and frameless glass shower enclosures.

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