Wood Partners, GrayCo Start Work on 301-Unit Hillsborough Rental Community

Wood Partners and 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 be located in the Meadowlands business park.

Wood Partners acquired the site from Duke Health. The 11-acre property was listed for $3.5 million before the sale. Pickett Sprouse Commercial Real Estate brokers Emilee Collins and Mark O’Neal represented the seller. 10% of the homes will be income-restricted, with a focus on increasing workforce housing in the area.

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.