Groundbreaking of Alta Cuvee: Wood Partners Expands in the Inland Empire

By: Sharjeel Sohaib

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Dec 16, 2022

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Key Points:

  • Alta Cuvee is the second development by Wood Partners to be built in the Inland Empire, which has one of the most significant growth rates in the country. The neighborhood will open in late 2024 after finishing its current building phase, with pre-leasing beginning in the following fall.

Overview of Wood Partners

Wood Partners is a recognized national leader in developing, building, and administering multifamily communities around the country. With a total capitalization of $17.3 billion, the corporation has purchased and constructed almost 90,000 traditional multifamily residences.

Currently, the corporation has approximately 70 properties in the US, which correspond to over 20,000 residences. With its national headquarters in Atlanta, Wood Partners has offices in 22 significant areas spread over 15 states. 

The business also runs Wood Residential, a multi-award-winning, full-service property management firm that proudly manages both communities owned by outside parties and homes built by Wood Partners.

“As the Inland Empire continues to experience massive growth and development, we are excited to break ground on our second Wood Partners residential communityโ€”Alta Cuvee,” said Joe Gambill, Managing Director for Wood Partners. “Alta Cuvee is being developed on the heels of the very successful Wood Partners developed community, Alta Upland. We are thrilled to continue expanding in the Inland Empire.”

What’s Alta Cuvee?

Alta Cuvee is a 260-unit community, including a shopping center in Rancho Cucamonga, California. Residents of Alta Cuvee will have access to several significant companies, including XPO Logistics, Kimberly-Clark, Amazon, and numerous essential hospitals.

Benefits for the Residents

Victoria Gardens, a 1.5 million square foot outdoor retail and entertainment complex, is located close to the residential neighborhood. Victoria Gardens, approximately 1.5 miles away, has 170 upmarket stores, including Apple, Pottery Barn, and Williams Sonoma, in addition to a performing arts center and a monthly farmer’s market.

Once finished, Alta Cuvee will provide 260 apartment units with a choice of one-, two-, and three-bedroom floor designs. A small number of two-story floor plans will also be available. High-end finishes will be included in every house, including wood-style flooring in the main living areas, front-load washer and dryer sets, and stainless steel kitchen equipment.

Additionally, residents of Alta Cuvee will have access to several lovely facilities, such as a resort-style pool with a tanning deck and spa, outdoor fire pits and BBQ spaces, bike storage places, and a pet park on-site. 

A business center, conference room, fitness facility with a yoga studio, indoor clubhouse with an entertainment kitchen, and commercial retail spaces are just a few of the community’s features. There are also several courtyards with lovely gardens where people may gather.

Another Major Company Expanding its Footprint in Inland Empire

Dedeaux Properties, based in Los Angeles, is stoking the Southern California industrial real estate fire. The investment and development company Dedeaux paid $33.6 million for 7.11 acres, or 309,806 square feet, of land in the Inland Empire. The price is almost $4.7 million per acre.

Read Here: LA-based Dedeaux Properties Buys Industrial Property in Fontana for $33.6M: Expands Footprint in the Inland Empire.

Wrap Up!

Wood Partners, a significant developer of multifamily homes, officially announced the construction of Alta Cuvee in Rancho Cucamonga, California. The Inland Empire, which has one of the highest growth rates in the nation, is the site of Wood Partners’ second construction there. 

After completing the present development phase, the community will open in late 2024, with pre-leasing starting the following autumn. Once complete, Alta Cuvee will provide 260 apartment units with a selection of one-, two-, and three-bedroom floor plans. Several Other Businesses are Growing in the Inland Empire.

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