The community marks Wood Partners’ first development in Hillsborough and its fifth active project in the Triangle

DURHAM, N.C., Nov. 10, 2026 /PRNewswire/ — Wood Partners, a national leader in multifamily development, and partner GrayCo Capital Advisors will break ground this month on Alta Meadowlands, a 301-unit multifamily community in Hillsborough, North Carolina, near Chapel Hill and Durham. Expected to be completed in spring 2028, the community will reside in the Meadowlands business park.

“Hillsborough has a growing workforce with limited multi-family residential options,” said Caitlin Shelby, managing director at Wood Partners. “Alta Meadowlands will give people who work in Orange County a high-quality home at an attainable price, with downtown Hillsborough minutes away and Durham and Chapel Hill an easy drive.”

Wood Partners acquired the site from Duke Health. Pickett Sprouse Commercial Real Estate brokers Emilee Collins, CCIM, and Mark O’Neal, CCIM, represented the seller. Ten percent of the homes will be income-restricted, with a focus on bringing more workforce housing to the area.

“I am pleased this property will be used for workforce housing,” said Collins. “Housing is in short supply in this area, and Alta Meadowlands will offer people who work in Orange County an affordable, appealing place to live. It will also add to the county’s property tax base. With a nearby bus stop and easy access to I-85, it is an ideal location for multi-family housing.”

Alta Meadowlands will include 146 one-bedroom, 135 two-bedroom and 20 three-bedroom homes. It will be the first higher-density, elevator-served apartment community in Hillsborough. A clubhouse will anchor the amenity package with a fitness center, co-working space, and gaming and lounge areas. Outside, residents will have a swimming pool, a dog park and a pet spa. Inside each home, residents will find granite countertops, shaker-style cabinetry and vinyl plank flooring.

The site is adjacent to the Orange County Sportsplex and sits close to UNC Health’s Hillsborough campus. Interstates 85 and 40 are a short drive away, putting Durham and Chapel Hill within easy reach. As part of the project, Wood Partners will build a sidewalk path connecting the senior housing community behind the site to the Sportsplex.

Alta Meadowlands is Wood Partners’ first development in Hillsborough and its fifth active project in the Triangle. Additional projects include the 280-unit Altera Heights in Apex, North Carolina; the 357-unit Alta Watkins in Morrisville, North Carolina; the 336-unit Alta Bethpage in Durham, North Carolina; and the 312-unit Alta Durham Summit in Durham, North Carolina. For more information on Wood Partners and its communities, visit www.woodpartners.com.

About Wood Partners
Wood Partners is a national leader in the development and construction of multifamily communities across the United States. The company has been involved in the acquisition and development of more than 115,000 multifamily homes with a combined capitalization of $24 billion. The company currently owns more than 80 properties across the United States, representing approximately 25,000 homes. Headquartered in Atlanta, Wood Partners has offices in 17 major markets across the country. Wood Partners consistently ranks among the five largest multifamily developers in the United States. For more information, visit www.woodpartners.com.

About Pickett Sprouse Commercial Real Estate
Pickett Sprouse Commercial Real Estate is a full-service commercial real estate brokerage firm serving the Triangle and Triad areas of North Carolina. Founded in 1968, Pickett Sprouse offers expertise in sales, leasing, tenant representation, and property management. The firm is the commercial real estate division of West & Woodall Real Estate. For more information, visit PickettSprouse.com.

About GrayCo, Inc.
GrayCo, Inc. is a fully integrated multifamily investment management company based in Richmond, Virginia. Since 1992, the company has been investing in garden and mid-rise multifamily properties in the major metropolitan areas of the southeastern United States. The company uses its own capital and capital raised in comingled, finite life funds to acquire stabilized multifamily properties and provide equity to developer partners to develop new multifamily properties.

Media Contact:
Addy Kundla
akundla@thewilbertgroup.com

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SOURCE Wood Partners