A new 280-home apartment community has opened its doors in Venice, Florida, welcoming its first residents to five four-story buildings tucked near Jacaranda Boulevard and Interstate 75. Wood Partners announced the grand opening of Altera Jacaranda on Tuesday, positioning the project as part of its push to bring newly built rentals to the region at what the developer calls more attainable price points.
The community, professionally managed by Greystar, sits at 2305 Frederick Drive in Sarasota County, according to Florida YIMBY. The 280 one-, two- and three-bedroom apartment homes mark the completion of a project Wood Partners first detailed in 2024, when the firm said in a release that the development was expected to deliver to the community in the second quarter of 2026 and described it as a cost-effective design aimed at renters seeking new construction without Class A pricing, according to Wood Partners.
A ribbon-cutting ceremony and mural unveiling are scheduled for November 18 at 4 p.m., an event meant to bring together residents, local officials, Venice Area Chamber of Commerce representatives and community partners, per a company announcement distributed through GlobeNewswire. The mural, created by artist Adam Podber and his team, depicts a jacaranda tree and was designed in a palette selected by Wood Partners and EuroInvestor, known as EIG. Podber’s team used virtual reality technology to sketch the composition directly onto the building exterior, a method that let the artwork scale across the wall while keeping its proportions intact.
A Mural Meant to Root the Community in Venice
Cheryl Carroll said the mural captures the development’s spirit of beauty, balance and what she called a memorable sense of place, adding that residents should feel connected both to their home and to Venice itself. Altera Jacaranda is part of Wood Partners’ broader Altera housing program, developed with Axiom Architecture, which the firm has used to create prototype residential buildings and clubhouses across several developments on the East Coast, according to Axiom Architecture…