Wood Partners Launches Altera Developments to Redefine Affordable Upscale Living
In a decisive move that underscores its commitment to addressing the nationwide need for reasonably priced rental options, Wood Partners is taking a bold step forward with the commencement of two new multifamily housing developments: Altera Union City and Altera Land O’ Lakes. These two properties epitomize the company’s innovative Altera brand, which promises upscale living at attainable prices.
By handpicking strategic suburban locations that offer both affordability and convenience, Wood Partners is able to provide cost savings without compromising on the quality synonymous with their brand. Altera Union City promises an enviable blend of luxury and accessibility, standing out with amenities that include a resort-style pool, state-of-the-art gym, and a yoga studio. The property is not just an address, but an all-encompassing lifestyle within walking distance of retail outlets including Starbucks and Publix Super Market.
Altera Land O’ Lakes, situated in the flourishing Pasco County, one of Florida’s rapidly expanding submarkets, responds to the growing demand with 305 versatile units within a community rich in amenities designed to cater to modern lifestyles—from a cutting-edge fitness and clubhouse building to outdoor grilling and gaming areas.
In the words of Joe Keough, Chairman and CEO of Wood Partners, “There continues to be a shortage of reasonably priced rental options in this country. As a responsible member of the housing industry, we believe it is our obligation to offer a solution to this problem by creating a product that falls within our high standards of excellence at an attainable price.”
With project completion targeted for December 2025, these communities are symbolic of Wood Partners’ foresight and leadership in shaping the future of multifamily housing. This commitment not only reflects in their meticulous selection of locales and amenities but also in their dedication to a vision of sustainable, high-quality living spaces accessible to more Americans. Such thought leadership is at the heart of the multifamily apartment industry’s trajectory towards inclusivity, a goal that Wood Partners is actively propelling forward.
The initiation of Altera Union City and Altera Land O’ Lakes projects by Wood Partners sets an inspiring blueprint for the multifamily housing industry. As these communities rise, so does the anticipation for a future where luxury and affordability coalesce, altering the landscape of multifamily living across the nation.