New development will set the tone for future projects in the Chosewood Park neighborhood
ATLANTA (Sept. 19, 2018) – Multifamily developer and investment firm Pollack Shores Real Estate Group announced today it has closed on the land purchase for an apartment community next to the future Southeast Beltline trail. The project also features approximately 15,000 square feet of retail and office space and will break ground in October.
Located at 1099 Boulevard SE in the Chosewood Park neighborhood, the 319-unit Class A apartment community is expected to open its first units in Fall 2019 and will be one of the first projects completed south of the Beltline. Officials expect to develop the Southeast portion of the trail by 2023, which will link to the existing Eastside and Westside trails.
Leading up to the official completion, this section of the Beltline will soon emerge as a jogging trail and be accessible to the public before paving takes place. The trail will provide connectivity with Glenwood Park, Krog Street Market and the existing Beltline network, creating a new gateway for residents to enjoy the trail’s diverse offering of walk-up patios and breweries, art installations and entertainment destinations.
“There is significant demand for new multifamily product on the next leg of the Atlanta Beltline, which is a proven catalyst for economic growth and development,” said Steven Shores, CEO and President of Pollack Shores Real Estate Group. “The project’s location will provide residents access to a variety of walkable amenities within an active, urban environment.”
The future community will offer a wide array of price points and living options, ranging from 500-square-foot micro units to large two-story, three-bedroom units with more than 1,500 square feet of living space. The assortment in pricing and unit sizes will appeal to a variety of residents and creates a new model for diversity that will set the tone for future developments in the neighborhood. Pollack Shores purposefully designed the project without a parking deck to lower building costs and allow for the unique spread of units and price points.
“Old Fourth Ward became a success story in large part because of the Beltline, and we see the same potential for this new neighborhood that will rise on the future Southeast trail,” said Tyler Gaines, Vice President of Development at Pollack Shores. “There are no comparable rents in this area, so we have the opportunity to offer affordable micro-units that address existing market demand, as well as larger three-bedroom options.”
The site for the development is also located on a future transit stop, and is one of the last on grade crossings with the Beltline. The buildings will be oriented to maximize visibility and connectivity with the Beltline, with approximately fifty units offering trail-front views.
Interior amenities will include granite countertops and stainless-steel appliances in each residence. The project will also feature a community clubhouse, state-of-the-art fitness center with CrossFit and yoga studios, and a pool and lounge area complete with an outdoor grilling area.
Matrix Residential, a subsidiary of Pollack Shores, will add the development to its growing and diverse portfolio of award-winning luxury properties the company manages across the Sunbelt. Surber Barber Choate + Hertlein Architects is designing the project, while Juneau Constructionis serving as general contractor.
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, Montgomery, Raleigh, Charlotte, Charleston, Dallas, Austin, Memphis, 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 currently owns $1.6 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 26,000 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/.