Today, the Denver office of ARA, A Newmark Company announced the sale of a 19.2-acre land site in southwest metro Denver for a new development of apartments near Pinehurst County Club. Construction of ALTA Pinehurst in Lakewood, Colorado, is expected to begin later this month and reach full completion by Fall 2017.

Executive Managing Directors Steve O’Dell and Chris Cowan represented the undisclosed seller in the transaction. The buyer, Wood Partners, is an Atlanta-based leader in national real estate development and acquisitions.

“ALTA Pinehurst will satisfy high demand for units in the southwest metro area,” said O’Dell.

The development at 3950 S. Wadsworth Boulevard will include 350 one-, two- and three-bedroom units in a garden-style setting. Residences will average of 965 square feet Community amenities will include a two-story, manor-style clubhouse featuring a cyber café, sports lounge, game room with billiards, kitchen/bar seating and a fitness center. Outdoor amenities will include a resort-style pool with covered outdoor grilling and seating areas, an expansive dog park and game lawn.

“Residents will have convenient access to major employers as well as numerous retail and dining options at the Southwest Plaza Mall and Belmar, among others,” noted Jack Kachadurian, vice president of development for the Denver and Rocky Mountain markets at Wood Partners.

The Alta City House apartments that are located at 18th Street and Chestnut Place is managed by Wood Partners. Alta City House opened to residents in 2015.