Multifamily property developer Wood Partners has broken ground on Alta City House, a five-story, 281-unit luxury apartment community in the heart of the bustling Union Station neighborhood, one of the most ambitious and closely watched urban redevelopment projects in the nation.
Wood Partners and East West Partners, developer of Riverfront Park and the Union Station district, obtained financing for the $62-million project from USAA Real Estate Co. Alta City House will be located at 1801 Chestnut St., just west of the historic train station at 17th and Wynkoop streets. Union Station, which opened in 1881, is the centerpiece of a 12-block redevelopment initiative, anchoring an ultramodern transit hub, surrounded by public plazas and gardens, restaurants and residential and retail space.