A joint venture of CP Capital and Wood Partners have plans to develop Alta 99th — a 402-unit multifamily development project in Phoenix.
Alta 99th sits in the West Valley submarket of Phoenix, offering high levels of accessibility and visibility due to its proximity to Loop 101, which has significant drive-by traffic of more than 135,000 vehicles per day. The sprawling site is also positioned near the brand-new Loop 202, providing quick access to metro Phoenix’s East Valley, a burgeoning tech hub for the metropolitan area.
Construction on the project is expected to begin in late March 2022, with completion slated for January 2024.
“Phoenix has maintained both a robust economy and positive apartment fundamentals in recent years, as the city benefits from steady in-migration resulting in above average job and population growth,” said Paul Doocy, co-head of CP Capital. “We are proud to continue our longstanding partnership with Wood Partners to deliver Al
