Friday, February 06, 2015

Wood Partners begins new luxury apartments in Trinity Groves neighborhood

Dallas-based apartment developer Wood Partners LLC has started on a luxury apartment community near Trinity Groves, which will add 226 homes to the neighborhood.

Woods Partners isn't the only apartment developer bringing more homes to West Dallas. Last year, Roger Staubach andRobert Shaw announced big plans for a $100 million apartment development, which would bring roughly 1,000 homes to the Trinity Groves neighborhood. And, Dallas-based StreetLights Residential isreadying to develop 25 acres in West Dallas into apartments and retail space.

The plans for Wood Partners' project, known as Alta Yorktown, include building a six-acre, 226-unit apartment community about a mile west of downtown Dallas next to the Trinity Groves restaurant and entertainment district. Leasing is expected to begin in the fourth quarter of 2015, with construction completed in the second quarter of 2016.

The developer's property management division, Wood Residential Services, will manage the apartment community at 660 Yorktown St.

The property's proximity to downtown Dallas' central business district, Victory Park and Uptown, makes it highly desirable location to live at a reasonable cost, said Wood Partners'Ryan Miller, who is overseeing the development.

Alta Yorktown will include studio, one-, two- and three-bedroom wireless apartments averaging 827 square feet, the developer said the monthly rents are expected to average at just more than $1,300.
The property's amenities will include a pool, courtyard and access to grilling stations and fire pits for year-round entertaining.

Other plans for the project include building 85 garages, 333 total parking spaces and a small retail parcel. The seller of the property has retained a one-acre parcel for future retail development.

Dallas-based Good, Fulton and Farrell is the project designer.

Candace Carlisle, Dallas Business Journal