Alta Headwaters is prominently situated between the Grande Lakes Orlando Resort and the headquarters of Darden Restaurants at the heart of the Tourism Corridor.

ORLANDO—Wood Partners reports it has broken ground on its latest multifamily development here—the 328-unit Alta Headwaters luxury project.

Located at 10501 S. John Young Parkway, Alta Headwaters will feature seven, four-story elevator-enabled buildings with an integrated clubhouse. The site is situated on 15.31 acres at the heavily trafficked intersection of John Young Parkway and Central Florida Parkway, half a mile east of Shingle Creek—considered the northernmost headwaters of the Florida Everglades.

"Alta Headwaters is prominently situated between the Grande Lakes Orlando Resort and the headquarters of Darden Restaurants at the heart of the Tourism Corridor," says Bryan Borland, managing director for Atlanta-based Wood Partners. "This latest development comes on the heels of our successful lease-up of Alta Grande, located just east of the Alta Headwaters site. Alta Grande welcomed its first residents in June 2017 and was over 98% leased as of the date of sale on June 13."

The commencement of vertical construction at Alta Headwaters now makes three projects the firm currently has under construction in Orlando, with three more slated to start before the end of the year. Along with the Alta Headwaters site, Wood Partners also recently closed on a 7.85-acre site at the intersection of S. John Young Pkwy and Taft Vineland Road, which represents a future second phase of the Alta Headwaters development.

Scheduled to open in the early second quarter of 2020, Alta Headwaters will offer a mix of studio, one-, two- and three-bedroom units at an average unit size of 960-square-feet. Pre-leasing is expected to begin in the first quarter of 2020.

Community amenities include Wi-Fi throughout all common areas, a resort-style, zero-entry saltwater pool with sundeck and covered poolside pavilion, cabanas, hammocks, lounge seating and outdoor grilling areas, a state-of-the-art fitness center and yoga room, game lounge with billiards, cyber lounge with leasable offices, an automated "smart" package room and a fenced dog park.

Unit finishes include wood-style plank flooring in all entryways, kitchens, bathrooms and living rooms, premium quartz countertops, low-profile stainless-steel appliance package with side-by-side refrigerator with water and ice dispenser, glass-top cook range, soft-close kitchen cabinetry with under-cabinet lighting and kitchen tile backsplash.

In late July, Wood Partners reported it recently broke ground on its newest Alta Civic Station, a 318-unit market rate apartment community in Gresham, OR.

Instant Insights /

Wood Partners Commences Construction on New Orlando Multifamily Project

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