National multifamily developer Wood Partners has closed on Alta Watkins in Morrisville, N.C., in partnership with PGIM. The 357-unit multifamily community will break ground this month and is slated to open by the end of 2028. Foundry Commercial represented the seller in the transaction.
"Alta Watkins' proximity to the region's growing life sciences hub positions the community as an ideal home base for professionals, students and families alike," said Caitlin Shelby, managing director at Wood Partners. "With its impressive line-up of amenities, residents will live in an oasis that combines resort-style living with easy access to the Triangle's leading employers and institutions."
Alta Watkins's amenities include a resort-level pool, three outdoor courtyards, outdoor games, a pet spa, a state-of-the-art fitness center with a sauna recovery lounge, golf lounge and podcast lounge. In addition, the property uniquely offers an on-site retail market, rentable offices designed
