Pollack Shores to Begin Construction of New Luxury Apartments on Lake Gem

Press Release

ATLANTA (April 18, 2017) – Multifamily developer Pollack Shores today announced plans to build a luxury apartment community on a premier lakeshore location in Maitland, Florida. Future residents will have ample views and access to the lake, including walking and biking trails, kayaks, canoes and paddle boats, and a newly rebuilt fishing dock

The Class A community will begin to rise within the next 60 days once demolition of the former Maitland Shores apartments is complete. Pollack Shores acquired the vacant 1960s-era complex next to Lake Gem from SES Group Maitland Shores Ltd., and is expected to launch the project within the next week. The 238,000-square-foot development on Lake Avenue will consist of three buildings that feature a variety of top-shelf amenities and stunning lakeshore views for residents. Plans also call for a new lighted biking and pedestrian trail that will connect to the city of Maitland’s trail just east of the property.

“This site checked all the boxes for our development strategy, and we’re pleased to offer a beautiful lakeside community that provides convenient access to a full range of lifestyle options for future residents,” said Pollack Shores President and Co-Founder Steven Shores. “The city of Maitland has been a great partner in this process, and we look forward to expanding our footprint in greater Orlando.”

All 237 residences will incorporate high-end finishes that include a mixture of quartz and granite countertops, vinyl plank flooring and stainless steel appliances. Recyclable materials will be used throughout the project, which is expected to take approximately 15 months to complete once construction begins.

Community amenities include a luxury resort-style pool that has an outdoor kitchen and bar area offering picturesque views of the lake. Residents will also be able to use kayaks, canoes and paddle boats on Lake Gem, along with access to a newly rebuilt fishing dock and multiple gathering areas containing fire pits. Approximately 20 private garages will be available for use as well.

Poole & Poole Architecture is handling design for the project, while Oxford Construction will serve as general contractor. Matrix Residential, a subsidiary of Pollack Shores, will add the development to its award-winning portfolio of luxury properties the company manages across the Sunbelt.

About Pollack Shores Real Estate Group, LLC
Pollack Shores is an award-winning full service real estate company creating value through multifamily investment opportunities in the Southeast. Founded in 2006, the Atlanta-based company currently manages a balanced portfolio of nearly 16,000 multifamily units representing in excess of $1.3 billion in total assets. Pollack Shores fully embraces the core value of service to its community, its residents and its clients.

For more information, please visit www.pollackshores.com.