Pollack Shores Invests $130 million in Tampa’s North Hyde Park
Third multifamily development in neighborhood to break ground in June
ATLANTA (June 5, 2019) – Multifamily developer and investment firm Pollack Shores Real Estate Group announced today that it is returning to one of its favorite neighborhoods in Tampa, Florida with a new 226-unit apartment community at 510 North Rome Avenue.
In 2013, Pollack Shores catalyzed a renaissance of the area north of Kennedy Boulevard with the opening of NoHo Flats, then Havana Square in 2017. With its third community scheduled to open in fall 2020, more than 1,500 new residents will live within a block of the intersection of North Rome Avenue and West Gray Street in Tampa’s North Hyde Park.
“We’ve established a new market in Tampa by deploying new urbanist principles that attract future residents and ultimately facilitate growth,” said Anthony Everett, a Tampa native and Director of Central Florida for Pollack Shores. “With 800+ units developed in this three-block area, we have created a center of energy for residents who want to live close to Hyde Park, University of Tampa and the downtown area, which are all less than a mile away. The new community’s resort-style feel, thoughtful design and reasonable price point will deliver an exceptional experience for residents as we embark on our next chapter in North Hyde Park.”
Pollack Shores is known for its blueprint of creating an active, pedestrian-friendly environment through improved streetscaping, lighting and ground-level units that provide direct access to the street. This model continues to bring new energy and imagination to North Hyde Park. In summer 2020, residents of the three apartment communities and the neighborhood beyond will enjoy the convenience of a corner market opening on the ground floor of the new development.
“The Tampa Bay Area continues to display strong market fundamentals and healthy rent growth,” said Steven Shores, President and CEO of Pollack Shores Real Estate Group. “Renters have responded to our formula for creating a sense of place that is inviting and active, and we look forward to applying those principles for success again as we deepen our roots in North Hyde Park.”
The new apartment community on North Rome Avenue will offer residents a variety of floorplans for one-, two- and three-bedroom apartment homes ranging from 656 square feet to 1,489 square feet. Residences will feature stainless-steel appliances, granite countertops, modern cabinetry and doors, upgraded lighting and plank flooring.
Known for acquiring, developing, managing and investing in best-in-class multifamily communities, Pollack Shores is currently active in Atlanta, Orlando, Tampa, Jacksonville, South Florida, Raleigh, Charlotte, Charleston, Denver, Dallas, Austin, Nashville and Richmond.
About Pollack Shores Real Estate Group, LLC
Pollack Shores is an award-winning full service real estate company creating value through multifamily investment opportunities throughout the Sun Belt. Founded in 2006, the Atlanta-based company has acquired and developed more than 22,000 multifamily units since inception and currently owns $1.8 billion in total assets. Pollack Shores also owns and operates Matrix Residential, an innovative property management firm dedicated to creating exceptional experiences for every resident, property and client. Matrix Residential manages a balanced portfolio of nearly 31,000 multifamily units across eight states.
Together, Pollack Shores and Matrix Residential are rooted in their mission of maximizing the value and living experience for every community. For more information about Pollack Shores, visit pollackshores.com/. For more information about Matrix Residential, visit matrixresidential.com/.