Woodfield Investments Breaks Ground at Woodfield Creekstone

Raleigh, NC -  Woodfield Investments is pleased to announce the recent ground breaking on December 9, 2011 for Woodfield Creekstone, a 256-unit Class A garden apartment community located in Raleigh-Durham, NC.

When completed, Woodfield Creekstone will be comprised of 256 units in 10 three or four story buildings with amenities including a resort quality pool, clubhouse, landscaped grounds, as well as garage and surface parking on the 15 acre site. The project location is at South Miami Boulevard and Hopson Road, immediately west of the intersection of Interstates 540 and 40, 8 minutes from Raleigh-Durham International Airport, 20 minutes from downtown Raleigh, and 15 minutes from downtown Durham.

“Woodfield Creekstone has been designed to be a Class A apartment community in every respect with architecture, amenities and an interior design that will be well received by all of our future residents, as well as our neighbors”, said Michael Underwood, founder and partner of Woodfield Investments and lead partner on Woodfield Creekstone. “We strongly believe the Raleigh-Durham market will also reward our investors as well since we were able to secure this deal during the downturn, but see the local economy starting to accelerate out of the turn,” explained Underwood.

Michael Underwood is a multifamily veteran with a tenured background in Mid-Atlantic apartment development over the last 25 years. Underwood’s lead on the Woodfield Creekstone project attracted top-tier financial partners in The Carlyle Group and US Bank. Other partners on the project include project architectural design by The Housing Studio, general construction services by CF Evans Construction and property management services to be provided by Greystar.

The first residents are expected to move into Woodfield Creekstone in the summer of 2012.

About Woodfield Investments

http://www.woodfieldinvestments.com

Woodfield Investments, LLC is a premier developer of Class A multi-family communities in the Mid-Atlantic region. The partners at Woodfield have developed more than 38 apartment communities representing 11,506 units at a value exceeding $1.4 billion. Currently, Woodfield has 1,363 units under construction and a variety of projects in pre-development throughout the Washington DC Metro Area, Charlotte and Raleigh-Durham, NC, and Charleston, SC.

Woodfield Investments Breaks Ground on Woodfield Long Point, Their Newest Community in the Charleston Area.

Woodfield Investments is pleased to announce that they have broken ground on a 280-unit apartment complex off Wando Park Boulevard, north of Long Point Road and visible from Interstate 526. “We are very exited to introduce a great community to Mt. Pleasant,” said Mike Schwartz, partner at Woodfield Investments. “All of our team has been very instrumental in getting this project shovel ready including our equity provider CNL Financial, debt provider Wells Fargo Bank, our general contractor on the project, CF Evans, civil engineering group Seamon Whiteside and Associates, project architects The Housing Studio, and landscape architects Design Resource Group. All of our partners have worked very hard to make this project a reality. We hope our future residents take advantage of our commitment to Mt Pleasant and all of the wonderful amenities it has to offer. Woodfield Investments would also like to thank Mayor Billy Swails for participating in the ground breaking ceremony and for his strong support of this development. Woodfield Investments is also happy to be able to make a donation of $2,500 to the Belle Hall Elementary School.”

The projected date of completion for Woodfield Long Point is spring 2012.

Ready to Launch

During the first week of January 2010, Jim Butz, CEO of McLean, Va.–based Jefferson Apartment Group (JAG), thought he’d just secured the landmark deal his upstart firm sorely needed. The Dumont was a failed, 559-unit luxury condo project near the hot Logan Circle neighborhood of Washington, D.C. However, when Butz woke up the day the deal was to be finalized, he found out that his all-cash bid of $165 million wasn’t enough…. read more at: http://bit.ly/pqtTTX

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Developers of apartment communities that earned recognition as finalists in the annual National Association of Home Builders (NAHB) Pillars of the Industry competition this year, exhibited not only skill, but also courage, the judges said… read moire at: http://bit.ly/oXRbOW

Woodfield Investments’ Metro 808 Near Green Honors

Builders of a new apartment building near the Elizabeth community are close to securing National Green Building Standard certification for the complex….  read more at: http://bit.ly/mQWmlI