SALT LAKE CITY, UT - National multifamily developer Wood Partners announced the start of construction on Alta Vista, a 304-unit Class-A multifamily development in Lehi, Utah, a fast-growing suburb of Salt Lake City. The project broke ground in March and is expected to be completed in the second quarter of 2027.
"With its prime location in the Silicon Slopes, this development will provide residents with unparalleled access to top employers, retail and outdoor recreation, all while offering best-in-class amenities and breathtaking mountain views," said Marcus Robinson, Director of Development, Utah at Wood Partners. "We look forward to delivering a high-quality living experience that meets the growing demand in this dynamic market."
Located in the heart of Utah's thriving tech corridor, Alta Vista's residents will have direct access to major employers and startups, including Adobe, Xactware and Vivint, as well as a wide range of retail and dining options. The community will also offer breathtaking views of the Wasatch Mountains and Utah Valley, a unique feature for future residents.
Alta Vista features a mix of one-, two- and three-bedroom units. The new community will include more than 8,000 square feet of amenity space with a clubroom, an entertaining kitchen, co-working space, fitness center, a speakeasy and an outdoor pool, spa and kitchen. Alta Vista is part of the newly developed master-planned community, Vistas at the Pointe. The community is adding a trail system through the adjacent park, which will feature a playground, pickleball courts and a basketball court for residents to enjoy.
According to CoStar data, following a record surge in multifamily completions in 2024, new deliveries are expected to decline by nearly 50% this year. Despite the slowdown, Wood Partners remains active in the market with multiple projects in the pipeline. Earlier this year, the company closed on Altera Gallatin, a 372-unit multifamily development in Nashville, highlighting its ongoing investment in high-growth markets despite industry headwinds.