Work starts on Apartments in Spring

In Spring, Texas, Wood Partners, an Atlanta-based multifamily real estate development and purchase firm, has started work on the 300-unit Alta Cathedral Lakes apartments in Spring, north of Houston.

The multifamily project will be located at 698 Basilica Bay Drive. Alta Cathedral Lakes is in Spring’s new large-scale planned community, Cathedral Lakes, which features 150 acres of multi-use development.

“The Houston area continues to show robust growth in new jobs and demand for high-quality apartment homes,” said Bart Barrett, Managing Director for Wood Partners. “At Wood Partners, we are confident that Alta Cathedral Lakes, with its proximity to a number of the region’s major employers, abundant retail and entertainment options and desirable school districts, will be a popular community.”

The Alta Cathedral Lakes site is less than four miles from the Woodlands Mall and directly across I-45 from Springwoods Village.

The Alta Cathedral Lakes apartments are slated to begin preleasing in Fall 2020 with an estimated opening in the fourth quarter of the year.

Alta Cathedral Lakes is the latest in Wood Partners expanding footprint in the Houston region. Wood Partners now has 8 properties completed or in development in the Houston area, joining a list of 21 properties in Texas.

Earlier this year, Wood Partners started work on two developments in the Houston area: the 304-unit Alta West Alabama, in the Greenway/Upper Kirby district, and the 364-unit Alta River Oaks.

Wood owns 68 properties across the United States with a combined total of more than 18,000 homes. Wood Partners has offices in 18 major markets nationwide including Atlanta, Austin, Boston, Charlotte, Chicago, Dallas, Denver, Houston, Los Angeles, Nashville, Orange County, Orlando, Phoenix, Portland, Raleigh-Durham, San Francisco, Washington, D.C., and West Palm Beach.