{"id":1004098232,"date":"2014-06-11T07:37:47","date_gmt":"2014-06-11T15:37:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004098232"},"modified":"2022-12-09T02:24:53","modified_gmt":"2022-12-09T10:24:53","slug":"wood-partners-to-break-ground-on-262-ksf-m-f-property-in-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wood-partners-to-break-ground-on-262-ksf-m-f-property-in-dallas\/","title":{"rendered":"Wood Partners to Break Ground on 262 KSF M-F Property in Dallas"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

\"Alta<\/a>Answering the increasingly loud cry for rental accommodations in Dallas, Wood Partners L.L.C. has commenced construction on the 313-unit Alta Farmers Market project. The luxury apartment community will sprout up adjacent to the resurging Dallas Farmers Market in the city\u2019s bustling downtown area.<\/p>\n

Wood Partners tapped the architectural firm of Good, Fulton & Farrell to design the 262,000-square-foot apartment building, which will occupy a nearly five-acre parcel on Cesar Chavez Blvd. The four-story building will feature the developer\u2019s signature offering of reasonably-priced upper scale residences in a metropolis where the demand for high-end apartments is on the rise.<\/p>\n

\u201cJob growth and expanding population are the key reasons why Dallas continues to be a top market for luxury multi-family housing in the nation,\u201d Ryan Miller, development associate with Wood Partners, told Commercial Property Executive<\/i>. \u201cOur project in the Farmers Market will offer the same luxury as units in Uptown, but will be at a lower price point than both Uptown and high-rise product in the CBD.\u201d<\/p>\n

There\u2019s no shortage of new apartment properties in the pipeline in Dallas\/Fort Worth. No fewer than 96 projects accounting for 26,663 units were under construction in the area as of the close of the first quarter, according to a report by commercial real estate services firm Transwestern. But Wood Partners, which is also working on projects near the Medical District and in the West Commerce corridor in Trinity Groves, is undaunted by the numbers.<\/p>\n

\u201cWe\u2019re not seeing [overdevelopment] at this time but we are sensitive to finding sites in areas with less dense future supply,\u201d Miller said. \u201cAt some point the job and population growth will slow down, but we don\u2019t anticipate the market taking a step backwards.\u201d<\/p>\n

The statistics support Wood Partners\u2019 stance. Per the Transwestern report, DFW occupancy rates held firm near 94 percent during the first quarter, annual rental rates rose 3.7 percent and while construction is at its highest level since 1999, the area continued to experience positive absorption.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Answering the increasingly loud cry for rental accommodations in Dallas, Wood Partners has commenced construction on the 313-unit Alta Farmers Market project. <\/p>\n","protected":false},"author":969,"featured_media":1004098233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21742],"tags":[],"class_list":["post-1004098232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-latest"],"acf":[],"yoast_head":"\nWood Partners to Break Ground on 262 KSF M-F Property in Dallas - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/wood-partners-to-break-ground-on-262-ksf-m-f-property-in-dallas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wood Partners to Break Ground on 262 KSF M-F Property in Dallas\" \/>\n<meta property=\"og:description\" content=\"Answering the increasingly loud cry for rental accommodations in Dallas, Wood Partners has commenced construction on the 313-unit Alta Farmers Market project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/wood-partners-to-break-ground-on-262-ksf-m-f-property-in-dallas\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-11T15:37:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:24:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/06\/Alta-Farmers-Market.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"368\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wood-partners-to-break-ground-on-262-ksf-m-f-property-in-dallas\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wood-partners-to-break-ground-on-262-ksf-m-f-property-in-dallas\/\",\"name\":\"Wood Partners to Break Ground on 262 KSF M-F Property in Dallas - 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