October 10, 2017

Pollack Shores Acquires Prestigious South Florida Apartment Community

Miramar, FL (Oct. 10, 2017) – Multifamily developer Pollack Shores today announced its acquisition of Solano at Miramar, a vibrant community featuring high-end apartments and townhomes located just minutes away from the bustling downtowns of Miami and Fort Lauderdale in South Florida. Pollack Shores’ purchase of the 22-acre development marks the latest Florida acquisition for the Atlanta-based real estate firm.

Originally built in 2008, Solano at Miramar features a modern coastal design that includes 364 garden apartment units and 148 townhouses. The community offers numerous top-tier amenities such as a resort-style pool with spacious sundeck, executive business center with high-speed internet and a pristine lakeside jogging trail.

Units at Solano at Miramar range from 823 to 1,677 square feet.  Plans call for several improvements that will incorporate modern finishes and a fresh look into the residences, with the list of upgrades including new granite countertops and tile backsplash, vinyl plank wood flooring, white shaker cabinets and new plumbing and light fixtures throughout.

Enhancements to the common areas will include a full renovation of the clubhouse area, conversion of an existing indoor basketball court to a state-of-the-art fitness center, and the addition of a new outdoor lounge to the pool area that will feature new furniture and directly connect to the clubhouse. An emphasis on new classic elements and resort living highlight design guidelines for the project. Renovations are expected to begin in October. Rents currently range from $1,961 to $3,185 per month.

“Solano at Miramar is a fantastic addition to our portfolio at Pollack Shores, and is a textbook example of the properties we seek to acquire,” said Steven Shores, president of Pollack Shores. “The area’s top employers are all nearby, along with premier dining and entertainment destinations. The strategic location combined with our team’s ability to upgrade assets through focused management and marketing will make this community one of the most desirable places to live in South Florida.”

ARA Newmark brokered the deal. Matrix Residential, a subsidiary of Pollack Shores, will add the development to its award-winning portfolio of luxury properties the company manages across the Southeast. Pollack Shores also acquired nearby One Boynton earlier this year, which was formerly known as Las Ventanas.

Since opening in 2006, Pollack Shores has invested in, acquired and developed over 14,500 units representing in excess of $2 billion of total capitalization exclusively in a number of Sun Belt cities. For more information, please visit http://www.pollackshores.com./

 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.