Wood Partners Launches Innovative Housing Project in Florida

Wood Partners Unveils Altera Jacaranda in Florida

Wood Partners, a leading multifamily developer, is excited to announce the introduction of Altera Jacaranda, a new development aimed at providing attainable housing options in Florida. This initiative highlights the company's commitment to enhancing communities and responding to the growing demand for affordable living spaces.

About Altera Jacaranda

Altera Jacaranda is set to be a remarkable garden-style apartment complex featuring 280 units, which will be strategically located near major employment hubs and acclaimed beaches. With five four-story buildings featuring modern one-, two-, and three-bedroom layouts, residents will enjoy both comfort and convenience.

Conveniently Located for Residents

This new community is ideally positioned along I-75, ensuring easy access to key areas within the state. Residents can be at Venice Beach in just six minutes, making it an excellent choice for those wanting to enjoy the coastal lifestyle.

Enhancing Community Infrastructure

In addition to the development of Altera Jacaranda, Wood Partners is collaborating with local authorities to upgrade the intersection of Commerce Drive and Jacaranda Boulevard. This enhancement will transform it from a three-way to a four-way intersection, significantly improving traffic flow and accessibility for residents.

Commitment to Attainable Housing

Tyler Hurd, managing director at Wood Partners, expressed enthusiasm about the new project: "Altera Jacaranda's prime location enhances the community by providing attainable living options right where residents need them most." The company is committed to both economic growth and community development through this innovative housing solution.

Modern Amenities for a Comfortable Lifestyle

Altera Jacaranda will offer a host of Class-A amenities designed to meet the lifestyle needs of its residents. The complex will feature a resort-style pool with a tanning ledge, shaded sundeck areas, outdoor grill spots, and a fitness center. This community will also boast a resident clubhouse with games such as pool and shuffleboard, along with coworking spaces and day offices to accommodate remote work needs.

A Focus on Pet-Friendly Facilities

Recognizing the importance of pets in their residents' lives, Wood Partners is incorporating a dog park complete with an outdoor pet wash. This emphasis on a pet-friendly environment aligns with current market trends, where many potential residents seek communities that welcome their furry friends.

Previous Developments by Wood Partners

This is not Wood Partners' first venture into the Florida housing market. Earlier this year, the company launched the Altera brand in Tampa, where they introduced Altera Land O' Lakes. Additionally, they broke ground on V by Alta, a luxury apartment complex in Orlando, which will include 219 units and is scheduled for delivery soon. The development of these communities confirms Wood Partners' active role in meeting housing demands across various Florida markets.

About Wood Partners

Wood Partners is a national leader in multifamily housing development and construction, having facilitated the acquisition and development of over 100,000 multifamily homes, totaling more than $21 billion in combined capitalization. With over 80 properties across the United States, including more than 25,000 units, the company is headquartered in Atlanta and operates in 19 major markets.

Frequently Asked Questions

What is Altera Jacaranda?

Altera Jacaranda is a new apartment community developed by Wood Partners, featuring 280 units designed for attainable housing.

When is Altera Jacaranda expected to open?

The community is set to begin construction soon and is anticipated to be completed in the second quarter of 2026.

What amenities will be offered at Altera Jacaranda?

Residents can look forward to amenities such as a resort-style pool, fitness center, clubhouse, coworking spaces, and a dog park.

Where is Altera Jacaranda located?

It is located near major employment centers and is just six minutes from Venice Beach in Florida.

Who can I contact for more information about Wood Partners?

For inquiries, you can contact Addy Kundla at akundla@thewilbertgroup.com.

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