Yet Unfinished, The Rialto Already Builds Tenant Base
- Dec 22, 2014
Finishing touches are still underway at The Rialto, this however didn’tstop Wood Partners from putting the a 200-unit mixed-use apartment community on the market in October. The company already brought in 30 leases, according to a recent news release.
Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. The company has been involved in the acquisition and development of more than 53,000 homes and its current portfolio comprises north of 75 properties with a combined total of 21,000+ units. Wood Residential Services, an in-house division will manage the property, construction of which is expected to be completed by year-end.
Located on a nearly 6-acre site at the northwest corner of Sand Lake Road and Turkey Lake Road in southwest Orlando, The Rialto is just a quarter mile from Interstate 4 and within 10 minutes of major employment hubs like the Walt Disney World, Sea World, Universal Studios and the Orange County Convention Center. The community offers two- and three-bedroom rental units that average 1,056 square feet, and more than 17,000 square feet of retail space, all this in a five-story, urban-style building. The apartments feature ceramic flooring, nine-foot ceilings, stainless steel appliances and 42-inch cabinets with granite countertops. Residents will also have access to common amenities such as a clubhouse with a pool, mail kiosk and fitness center – some of which are currently under construction. Further features include 399 residential and 59 retail parking spaces.
Image source: therialtoapartments.com