Wood Partners has announced the opening of Altera Jacaranda, a 280-unit residential development at 2305 Frederick Drive in Venice, Florida. The garden-style apartment community comprises five four-story buildings and is part of the developer’s Altera housing program, developed in collaboration with Axiom Architecture. Located in Sarasota County near Jacaranda Boulevard and Interstate 75, the property is managed by Greystar and has welcomed its first residents.
A ribbon-cutting ceremony is scheduled for November 18 at 4 p.m., coinciding with the unveiling of a large-scale mural created by artist Adam Podber and his team. The event will bring together residents, local officials, representatives of the Venice Area Chamber of Commerce, and community partners.
Credit: Altera Jacaranda
The mural depicts a Jacaranda tree, referencing the community’s proximity to Jacaranda Boulevard. Wood Partners and its investment partner, EuroInvestor (EIG), selected the design and color palette. Podber and his team used virtual reality technology to sketch the composition directly onto the building’s exterior, allowing the artwork to be scaled and its proportions maintained across the wall.
“Altera Jacaranda was designed to bring beauty, balance, and a memorable sense of place to everyday living, and this mural captures that spirit perfectly,” said Cheryl Carroll, Director, Real Estate for Greystar. “From the moment residents arrive, we wanted them to feel connected, not just to their home, but to Venice itself. This property, and now this mural, reflect that commitment.”
The development contains a mix of one-, two-, and three-bedroom apartments distributed across its five residential buildings. Interiors feature open-concept floor plans, wood-inspired flooring, granite countertops, stainless steel appliances, and matte white cabinetry with brushed nickel finishes. Additional features include walk-in closets, pantry storage, ceiling fans, and optional garage rentals.
Residential amenities include a saltwater swimming pool with a sun deck and shaded seating areas, outdoor grilling stations, gaming areas, and a social lounge with an entertainment bar and coffee service. The property also contains dedicated coworking facilities with a private day office and conference room, a 24-hour fitness center, and a dog park with a washing station. The buildings feature air-conditioned interior corridors.
Altera Jacaranda was developed under Wood Partners’ Altera program, which focuses on newly constructed rental housing positioned at more attainable price points than conventional Class A multifamily developments. Axiom Architecture collaborated with Wood Partners on the design of prototype residential buildings and clubhouses for the program, which has been implemented at several developments across the eastern United States.
YIMBY last covered the development in October 2024, when Wood Partners announced plans to begin construction. At the time, the developer also outlined plans to work with local officials on modifications to the intersection of Commerce Drive and Jacaranda Boulevard to improve access to the property.
The community is situated near Interstate 75, providing connections to surrounding employment centers, including healthcare, education, hospitality, and professional services. Downtown Venice, area beaches, recreational trails, and other commercial destinations are located west of the development.
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Venice has gotten a lot busier the last few years, and plenty of people working down there have a hard time finding a place to rent. A big new rental building seems like a good fit for that area.
Too bad it looks like low income housing with poor landscaping. How depressing and a missed opportunity for a Florida lifestyle. There must be no design review committee at the City. Looks like zoning codes need improvement.
Beyond unattractive… a real sensory assault. Condescending offer to anyone who is considering affordable housing. This could easily be mistaken for a self storage facility.