Wood Partners opens luxury community in Scottsdale

Alta Raintree. Image courtesy of Wood Partners

Wood Partners celebrated the opening of Alta Raintree, a 330-unit luxury community located in the northern part of Scottsdale, Arizona, one of metro Phoenix’s most desirable residential neighborhoods.

The company began construction on the project in 2020, with first completion expected in fall 2021. Comerica Bank provided a $47.4 million loan for development, according to Yardi Matrix data.

The five-story building features a mix of one-, two-, and three-bedroom floor plans, ranging from 695 to 1,685 square feet. Apartment features include stainless steel appliances, quartz kitchen counters, electronic entry door, integrated washer and dryer sets. Double ovens, extractor hoods and wine fridges have been added to some units.

Community amenities include a sky lounge with views of the McDowell Mountains, swimming pool with sundeck and jacuzzi, outdoor playground, on-site pet park, fitness center offering on-demand yoga, meditation area, free Wi-Fi lounge, as well as conference space, a club room, an on-site library and a speakeasy. Urbo Market and Coffee Bar, Wood Partners’ on-site convenience market concept, will provide residents with coffee, wine and gourmet snacks, among other offerings.

Located at 8688 E. Raintree Drive near the intersection with N. Northsight Blvd., the community is within walking distance of restaurants and retail. Major shopping centers such as the Scottsdale district are less than 5 km from the property. Alta Raintree is less than a mile south of Arizona’s 101 Loop, which connects it to downtown Scottsdale and Phoenix.

Wood Partners currently owns over 70 properties across the United States, totaling over 20,000 units. Last month, the company broke ground on two more projects, Alta Vale, a 306-unit community in Raleigh, North Carolina, and Alta Berry Creek, a 300-unit luxury development in Georgetown, Texas, both to be completed in 2023.

About Jefferey G. Cannon

Check Also

Craven Community College will host a chamber music concert

NEW BERN, NC – Craven Community College will host a chamber music concert on May …