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Yearly Archives: 2017
ATLANTA-BASED COMPANY PLANNING $5 MILLION RENOVATION FOR DULUTH-AREA APARTMENTS
By Curt Yeomans, Gwinnett Daily Post An apartment complex near Gwinnett Place Mall got new owners this week and is expected to receive a $5 million facelift in the new year. Atlanta-based Pollack Shores Real Estate Group purchased Menlo Creek on Satellite Boulevard with plans to rename it Howell House in honor of a founding […]
Read More...Pollack Shores Completes Land Purchase for New Luxury Apartment Community in Lutz, Florida
ATLANTA (Dec. 22, 2017) – Multifamily developer Pollack Shores announced today that it has closed on the land purchase for its latest luxury apartment community in Lutz, Florida, one of metro Tampa’s fastest-growing suburbs. Design plans were recently finalized for the development located off Suncoast Parkway, which will be known as The Fountains at Northpointe. […]
Read More...Pollack Shores Real Estate Group Purchases Menlo Creek in Metro Atlanta
ATLANTA (Dec. 21, 2017) – Multifamily investor and operator Pollack Shores today announced its acquisition of Menlo Creek, a Class A apartment community in Duluth, Georgia that offers a stylish blend of contemporary design, resort-style amenities and an exceptional live-work-play experience for residents. The firm is planning more than $5 million in renovations and improvements […]
Read More...Pollack Shores Real Estate Group Announces New Jacksonville Acquisition
JACKSONVILLE, Fla. (Nov. 13, 2017) – Multifamily investor and operator Pollack Shores today announced its acquisition of The Retreat at St. Johns, a 420-unit garden-style apartment community in Jacksonville, Florida featuring premier access to local beaches, major employers and the region’s dominant retail destination. The firm is planning $4 million in renovations and improvements to […]
Read More...Sunday Notebook: Apartment sales, Armada store and Wawa openings
Several Jacksonville apartment complexes have sold for big dollars, Jacksonville Armada is opening its own store store at the Town Center and the first Wawa stores in the area will be opening in a week and a half. First, a few of the apartment sales. Blackstone Real Estate Income Trust of New York has paid […]
Read More...Continental Realty Acquires Apartment Community in Atlanta’s West Midtown District for $80M
ATLANTA — Continental Realty Corp. (CRC) has acquired Millworks, a 345-unit apartment community located at 1888 Emery St. in Atlanta’s West Midtown district, for $80 million. The Baltimore-based company acquired the asset on behalf of Continental Realty Fund IV LP, a $164 million fund focused on the acquisition of retail and multifamily properties throughout the […]
Read More...Pollack Shores Returns to Jacksonville After Acquiring The Retreat at St Johns
Pollack Shores, a multifamily investor and operator headquartered in Atlanta, on Tuesday announced the purchase of The Retreat at St. Johns, a 420-unit garden-style apartment community off Kernan Boulevard adjacent to the University of North Florida. Pollack Shores paid nearly $58.8 million, or $140,000 per unit. It borrowed $40.5 million for the purchase from Jones […]
Read More...Pollack Shores Acquires Luxury Apartment Building in Austin
AUSTIN, Texas (Nov. 15, 2017) – Multifamily developer Pollack Shores today announced its acquisition of Eastside Station, a luxury apartment community on East 4th Street in Austin, Texas. The property is located in East Austin, a vibrant and fast-growing neighborhood located just one mile east of downtown Austin. The transaction marks Pollack Shores’ first project […]
Read More...ARC Selects The Battery Atlanta For Development Of Excellence Award
The Atlanta Regional Commission (ARC) today announced the winners of this year’s Developments of Excellence awards during the agency’s State of the Region Breakfast. The awards recognize the developments and places that are improving quality of life in the 10-county Atlanta region. Among this year’s winners are The Battery Atlanta, a mixed-use development by the […]
Read More...Pollack Shores to Break Ground on 200-Unit Apartment Community in Metro Atlanta
By Camren Skelton, REBusiness Online Pollack Shores will break ground this month on The Barrett, a 200-unit multifamily community in Kennesaw, roughly 30 miles northwest of Atlanta. The 192,000-square-foot property will include one- to three-bedroom units ranging in size from 700 to more than 1,600 square feet. Apartment units will features granite countertops, shaker-style cabinets, stainless […]
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