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Wood Partners Opens Midtown Delray Community in Delray Beach, Fla.

Neighborhood of 116 Townhomes Close to Recreation, Dining and Employment

DELRAY BEACH, FL -- (Marketwired) -- 07/16/13 -- Multifamily developer Wood Partners has announced the grand opening of Midtown Delray, a neighborhood of 116 three-story rental townhomes ideally positioned for access to cultural, dining, employment, shopping and recreational opportunities.

Construction of the new 17-building community at 4200 Old Germantown Road, along the south side of Linton Boulevard and just east of Military Trail, began in July 2012.

David Thompson, director for Wood Partners in Florida, noted that the location along Old Germantown Road, plus the amenities in Midtown Delray, sets the community apart from the local competition and demand is expected to be high.

"New rental supply in all of Palm Beach County is extremely limited and demand has been building for years," Thompson said. "This is the second new apartment project Wood Partners has completed in Delray Beach this year. We are experiencing high interest and steady traffic at both Midtown and Alta Congress."

Midtown Delray homes average just under 1,700 square-feet, and each residence has an attached garage on the first floor, 82 of which will accommodate two cars. The units are amenity-rich with ceramic flooring in kitchens, entries and baths; ceramic tub surrounds; and 9-foot 4-inch ceilings throughout. The kitchens have stainless steel appliances, 42-inch cabinets with granite tops and sleek, modern lighting fixtures. The community also features a clubhouse, swimming pool and tot lot.

Midtown Delray is near downtown Delray Beach and a neighbor to several high-end single-family communities, including Fox Chase to the east and Hammock Reserve to the west. The 7.27-acre site is less than four miles east of the Ronald Reagan Turnpike and just two miles west of I-95 and the Delray Beach TriRail station that connects Miami, Fort Lauderdale and West Palm Beach with 18 stations along a 70-mile system.

Major local and regional employment centers, including West Palm Beach and Boca Raton, are close to Midtown Delray; Old School Square on Atlantic Avenue, the heart of historic Delray Beach, is just a short drive away. An abundance of cultural venues, restaurants and shops make Atlantic Avenue dining and shopping second only to South Beach's Lincoln Road among Florida hot spots.

Nearby recreation and outdoor activity opportunities abound. The Atlantic Ocean is less than three miles to the east and the scenic six-acre Orchard View Park with picnic pavilions, barbecue grills, playground, and a walking trail, is immediately adjacent to the site. Several golf courses are nearby, including Delray Beach Golf Club, designed by legendary golf course architect Donald Ross, whose prolific works include the masterpieces Pinehurst, Oakland Hills, and nearly 600 others.

For leasing information, please call 877-282-6565 or visit www.midtowndelrayapts.com

About Wood Partners

Wood Partners is a national real estate company that acquires, develops, constructs and property manages high density and mixed-use communities. It was ranked the nation's No. 2 multifamily developer in 2012 based on 5,100 unit starts. Through quality construction, responsible land development and intelligent design, our communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the development of more than 46,000 homes with a combined value of more than $6.8 billion nationwide. Wood Partners has offices in 16 major markets nationwide including Atlanta, Baltimore, Delray Beach, Boston, Charlotte, Dallas, Denver, Houston, New York, Newport Beach, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, and Washington, D.C. To learn more about Wood Partners, please visit our website at www.woodpartners.com

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