Wood Partners Breaks Ground on All-Electric Community Near Boston
National multifamily developer Wood Partners is expanding its presence in Massachusetts with the construction of a sustainable 237-unit community in Concord, about 20 miles northwest of Boston. The company has broken ground on the property and expects to wrap up construction in February 2028.
Alta Thoreau will offer one-, two- and three-bedroom units across two five-story buildings located at 265 and 269 Forest Ridge Rd. The property will feature contemporary exterior architecture along with a Modern Agrarian interior design inspired by the surrounding woodlands. Amenities will include pilates and yoga studios, a golf simulator and tavern lounge, a work-from-home area, a pool, and a pet spa and dog park.
Run entirely on electric power, the community will be Wood Partners’ first property in Massachusetts designed to the Passive House ultra-low energy use standard. Twenty-five percent of Alta Thoreau’s homes will be designated as affordable housing. Atlanta-based Wood Partners currently owns more than 80 properties across the U.S. totaling around 25,000 homes, including eight existing projects in Massachusetts.
Elsewhere in Concord, L&G’s Asset Management business in the U.S. recently acquired a development site at 292-294 Baker Ave with plans to construct a two-building, 201-unit community in partnership with Taurus Investment Holdings, LLC.
Image courtesy of Wood Partners.
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
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Greg Corbin
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Essex Property Trust, Inc.
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Josh A
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Bob Tuteur
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