COLUMBIA, MD-Wood Partners has a robustmultifamily pipeline in the Washington DC area of about 800units—to which it will add another 232 next June in Columbia. "Thisis a very strong market for multifamily, but what is most importantfor these project's success is the location," Scott M.Zimmerly, director of Wood Partners tellsGlobeSt.com. "If you a have a good location, the demand will alwaysbe there."

As one example he points to the $60 million project that justbroke ground in Germantown, MD. The project, Alta LibertyMill, is a 304-unit apartment community with 11,900 squarefeet of commercial space located directly across theGermantown MARC commuter rail station.

The multifamily complex, to be built on 8.5 acres on WatersRoad, will consist of three five-story wood-frame buildings withelevators. It was designed by Poole & Poole Architecture.Leasing is expected to begin in autumn 2014, and construction willbe completed by autumn 2015.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.