Wood Partners Inaugurates Portland Community – Multifamily Real Estate News
Wood Partners opened its luxury community in Hillsboro, Oregon, west of Portland. The asset, Alta Amberlen, will include 326 apartments. Construction is expected to be completed in 2024.
Alta Amberglen will have one, two and three bedroom units as well as townhouses. The apartments will include integrated washer and dryer combinations and wide plank flooring.
“We are thrilled to announce the grand opening of Alta Amberglen which brings a diversity of housing unit types to the rapidly growing Hillsboro submarket, including a variety of townhouse-style rental units that feature two- and three-bedroom layouts plus a den and attached private garages,” said Michael Nagy, Managing Director of Wood Partners. Multi-Accommodation News.
Located at the intersection of Northeast Eckert Drive and Walker Road, the property is one mile from Tanasbourne’s shopping areas with stores such as Whole Foods, Target and REI. Downtown Portland, where employers such as Microsoft, Nike, Oracle and Intel have offices, can be reached via a public transit connection to the TriMet Lightrail System or a 20-minute drive.
The property is on an 18 acre site with 10 acres of woodland and a natural stream. Community amenities will include a pocket park, fitness center, yoga studio, podcast studio, coworking spaces and game room with golf simulator.
The pre-letting is expected to start at the end of 2023, managed by Residential Wood.
The expanding portfolio of Wood Partners
While Alta Amberglen is under construction, Wood Partners plans to start building some 1,100 apartments this year. The company has begun construction on Alta Riverside, a community in Irving, Texas, slated to open in July 2023. It has also expanded its Texas portfolio by innovating in Conroe on a 354-unit property.
Elsewhere in the country, Wood Partners opened its third Phoenix community, the Alta Warehouse District.