June 15, 2017

Pollack Shores Acquires Two Apartment Buildings in Uptown Dallas

DALLAS (June 15, 2017) – Multifamily developer Pollack Shores today announced its acquisition of 3636 McKinney and West Village Uptown, with plans to fully renovate and modernize the two apartment buildings located in Uptown Dallas, one of the city’s most vibrant and upscale neighborhoods. Along with full interior and exterior renovations, the communities will be rebranded and named Flats at The Sawyer and Lofts at The Sawyer. The transaction marks Pollack Shores’ first acquisition in Texas since the Atlanta-based company opened its Dallas office last November.

Located in the heart of West Village, the apartment communities were originally developed by Gables in 2006 and will undergo renovations beginning this summer. The 167,152-square-foot development consists of two buildings with units ranging from 600 to 1,300 square feet. All 178 residences will incorporate top-tier finishes that include quartz countertops, upgraded flooring and new fixtures.

Both properties feature a high-end pool and fitness center, and puts residents within walking distance to several Dallas retail destinations such as the Magnolia Theatre, Mi Cocina and Soul Cycle. Residents will also enjoy easy access to the McKinney Avenue Trolley, which runs from downtown Dallas to Cityplace Station, and includes multiple stops around West Village, a popular mixed-use development located in the northern edge of Uptown Dallas.

“We are excited to begin our Southwest expansion with these two value-add assets located in West Village Uptown, which we believe to be one of the most desirable locations in Dallas,” said Alex Seals, managing director and head of Pollack Shores’ Southwest office.

Seals is spearheading the company’s efforts to facilitate Pollack Shores’ entry into other target markets in the region, including the major Texas markets, Denver and Phoenix.

“Dallas’ strong economy and healthy population growth are driving demand for high-end multifamily projects,” said Steven Shores, president of Pollack Shores.  “We look forward to expanding our footprint in Texas and beyond as Pollack Shores continues to build a portfolio that creates value for stakeholders and delivers a superior quality of life for residents across the Southwest.”

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.