Wood Partners and Sarofim Realty Advisors to Break Ground on 372-Unit Village Park in North Charlotte

Wood Partners, in partnership with Sarofim Realty Advisors, will break ground in November on Village Park, a 372-unit multifamily community in Charlotte's Highland Creek and Prosperity Church area, with J.P. Morgan providing financing. citybiz reported the project is slated to open in May 2028.

Village Park's Site Plan and Affordable Units

Wood Partners is a privately held national multifamily developer and general contractor headquartered in Atlanta that builds Class-A apartment communities under the Alta, Altera and related brands across 17 major U.S. markets, according to akta.pro company records.

Village Park sits at the corner of Prosperity Church and Benfield Roads, immediately next to Prosperity Village, a community Wood Partners previously developed. The site offers direct access to Interstate 485, and a Publix grocery store sits next door.

"We know this part of Charlotte well, and building next to Prosperity Village allows us to keep investing in the neighborhood," said Carter Siegel, Regional Director of Development at Wood Partners. "Residents will have I-485 at their doorstep, a grocery store they can walk to and a large park right on site. We're proud to be a part of this growing Charlotte neighborhood."

The community will include seven residential buildings and a standalone clubhouse and leasing center. The unit mix includes one-, two- and three-bedroom apartments, along with six two-bedroom, two-bathroom carriage-house units. Five percent of the homes will be set aside as affordable housing for households earning up to 80% of the area median income.

Inside the clubhouse, residents will find a fitness center, coworking spaces and private offices, a coffee bar and a clubroom. Outdoor amenities include a resort-style pool with cabanas, a dog park and dog spa, a fire pit and grilling areas. A large park with a gazebo and seating anchors the community, and a pond overlook, landscaped green space and new sidewalks will connect residents to the surrounding neighborhood. Wood Partners is coordinating with Mecklenburg County and the Charlotte Department of Transportation on the site's infrastructure improvements.

Wood Partners' Charlotte Development Record

Village Park is Wood Partners' third community in the Prosperity Church area, following Alta Prosperity Village and the 238-unit Alta Croft, which opened in 2020. The firm has developed more than 22 communities in the Charlotte region, including the 302-unit Alta 10th and Seigle in Plaza Midwood and the 252-unit Altera Mint Hill in east Charlotte.

Earlier Wood Partners Projects in 2026

In October 2026, Wood Partners completed construction on Alta River Park, a 365-unit multifamily complex at 3224 Trinity View Drive in Fort Worth, Texas, Costar reported. In September 2026, the developer broke ground on a 237-unit apartment complex in Concord, Massachusetts, with 54 affordable units and Passive House design, a project not set to open until February 2028, according to AInvest. In August 2026, Wood Partners and Marcus Partners broke ground on Altera Heights, a 280-unit multifamily community in Apex, North Carolina, with completion expected by the end of 2027, PR Newswire reported.

Village Park's 2028 Opening

Village Park is slated to open in May 2028, following the November groundbreaking. More information on Wood Partners and its communities is available on the company's website.