Altera Jacaranda in Venice, Florida, in an exterior photo supplied with Wood Partners’ opening announcement. Courtesy of Wood Partners; cropped.
Wood Partners has opened Altera Jacaranda, a 280-home apartment community in Venice, Florida, with its first residents already moved in and a celebration planned for November 18.
The developer announced the opening November 10. Greystar manages the property, which offers one-, two- and three-bedroom apartments near Jacaranda Boulevard.
The scheduled November 18 ribbon-cutting and mural unveiling is a separate milestone from the start of occupancy. The announcement did not disclose how many apartments are occupied or the property’s current leasing rate.
Apartments and Shared Work Space
The community includes dedicated coworking space with a day office and conference room, along with a social lounge, fitness center, saltwater pool, outdoor gathering areas and a dog park with a wash station.
Inside the apartments, Wood Partners listed granite countertops, stainless-steel appliances, wood-inspired flooring, storage and pantry space, walk-in closets and ceiling fans. Garage rentals are also available, the company said.
Wood Partners did not disclose the development cost, financing terms or apartment rents in the announcement. It also did not identify an affordability set-aside or say whether any units carry income restrictions.
The opening adds 280 apartments to Venice’s rental housing supply. The developer cited access to Interstate 75 and employment sectors including healthcare, education, government, hospitality and construction, but provided no data measuring resident commuting patterns or local housing demand.
Mural Unveiling Set for November 18
The property’s planned celebration will include a mural whose theme is a Jacaranda tree, reflecting its location near the boulevard. Wood Partners and EIG selected the design and color palette, according to the announcement.
Artist Adam Podber and his team used a virtual-reality headset to sketch the design directly onto the wall at the building’s scale, the company said. The ribbon-cutting and unveiling are scheduled for 4 p.m. November 18, with residents, local officials, chamber representatives and community partners expected to attend.
“From the moment residents arrive, we wanted them to feel connected, not just to their home, but to Venice itself,” Cheryl Carroll, a real estate director for Greystar, said in the announcement.
The developer’s release focuses on the completed community and the upcoming celebration, rather than a proposed construction start. Its first residents have already been welcomed, while occupancy levels and the pace of leasing remain undisclosed.
Source: Wood Partners’ November 10 announcement.
JBizNews Desk | New York
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