Wood Partners Makes Progress on Luxury Apartment Community in Downtown Dallas
- Jan 24, 2015
By Liviu Oltean, Associate Editor
Atlanta-based Wood Partners recently started work on the development of Alta Farmers Market, a 313-unit apartment community in downtown Dallas.
Located on Cesar Chavez Boulevard, the 262,000-square-foot Alta Farmers Market will feature a structured parking garage; a club room; a fitness facility; two courtyards with a pool and two water features; a grilling area; a fire pit; and an outdoor social lounge.
“We broke ground on Farmers Market just over a month ago and are making great progress,” said Wood Partners development associate Ryan Miller in an official statement. “With the revitalization of the Dallas Farmers Market next door and a resurgence in Deep Ellum, our residents will have great access to restaurants and entertainment in the area, all while being in close proximity to the downtown office market.”
By using the National Association of Home Builders’ formula to determine the impact of the residential community, the developers have determined that the 313-unit project will add more than $23 million in local income and $2.5 million in taxes, with expectations to create more than 100 jobs.
The project has been slated for completion in late 2015.
Image courtesy of Wood Partners via Official Website