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Feb. 14, 2014

Wood Partners Opens North Carolina Apartment Property

By Dees Stribling, Contributing Writer

Wood Partners - The Bristol Pool-FountainMorrisville, N.C.—The Bristol, a multifamily complex in Morrisville, N.C., has been completed and is now leasing. The 260-unit property at 3016 Bristol Creek Dr. was developed by Wood Partners as part of Park West Village, a 100-acre mixed-use development that also includes a town center district, 550,000 square feet of retail, office space, a movie theater, and restaurants.

Built using environmentally friendly methods and materials, the Bristol offers an urban look with eight three-, four- and five-story buildings that feature a mix of townhomes, urban-style flats, two-story loft units, two-bedroom carriage units, and three-bedroom apartments. The buildings are Energy Star 3 qualified, and residences in non-smoking buildings are available.

The units feature open floor plans with plank flooring, kitchens with large islands, and over-sized garden tubs. Sustainable features include compact fluorescent lighting fixtures, Energy Star-certified appliances, and electronic thermostats. The property’s townhome units will have the option of an attached garage.

The property’s common amenities include a 6,000-square-foot clubhouse with cybercafe, fitness center and billiards/game room. Also on the property are a salt water pool, cabanas with grilling stations, dog park, car care center, and walkways leading to the area’s stores and restaurants.

Morrisville is a town of about 20,000, and is part of the Research Triangle (Raleigh-Durham) in central North Carolina. Wood Partners was also the general contractor on the development, and the architect was Cline Design Associates. The equity partner in the project was Prudential Real Estate Investors.

Carter Siegel, Wood Partners’ regional development director for the East region, tells MHN that the company sees continued opportunities in the Raleigh area. “While there are a large number of units under way, we feel there is ample demand waiting to absorb this supply,” he says.

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