Wood Partners Completes Alta Hollywood Apartments

Los Angeles--Alta Hollywood, a 218-unit luxury multifamily development, has opened its third and final building for lease.

Los Angeles–Alta Hollywood, a 218-unit multifamily development one block east of the Hollywood & Highland Center entertainment and shopping complex, has opened its third and final building for lease. According to the developers, Wood Partners L.L.C., the entire property is already 20 percent leased and is expected to reach full occupancy by mid-2011.

The development offers tenants a variety of floor plans, including studios that measure as much as 1,067 square feet; one-bedroom units as large as 1,498 square feet; and two-bedroom units and penthouses as large as 1,805 square feet. Rents range from $2,140 a month for studios to just shy of $3,000 a month for a two-bedroom, two-bath penthouse unit.

The property includes various amenities of particular interest to the target demographic of mid-20s to late 30s, according to Wood Partners, as well as green building features. Among other things, each unit features espresso-colored plank flooring, a terrace or balcony, designer light fixtures, oversized windows in living areas, stainless steel appliances, and pre-wiring for multiple phone lines and high-speed Internet connectivity. The penthouse offers private elevator access, 20-foot ceilings, two-level floor plans and, in some units, an oversized terrace or balcony.

Alta Hollywood also sports a pool and heated whirlpool spa, barbecue grills poolside, WiFi in all common areas, a 24-hour fitness center with Technogym equipment, and a business center with conference room. Assigned parking for the complex is through a controlled-entry gate with remote access.

Wood Partners touts the property’s green elements, too, such as Energy Star appliances, 13-SEER air conditioning, low-VOC paints and adhesives, specially treated windows for greater energy efficiency, an on-site recycling center and low-flow toilets. The development can also boast that it recycled or reused 80 percent of its construction waste.

“Green elements are powerful selling points for L.A. prospective residents,” Brian Hansen, director of Wood Partners’ Southern California region, tells MHN, adding that it’s all part of a package that also includes “the property’s modern design, interior finishes, high-end amenities and personalized concierge-level service.”