Pollack Shores Real Estate Group launched an initiative focused on developing and operating multifamily communities in Opportunity Zones.
The Atlanta-based firm currently has two multifamily developments underway in Atlanta and Charleston, and several other deals in the works in markets across the Sun Belt.
“Through this new initiative, we are connecting capital with communities in need of investment by structuring quality deals that add value for both our investors and the surrounding neighborhoods,” said Pollack Shores’ Steven Shores.
One project is Skylark, a 319-unit Class A apartment community at 1099 Blvd. SE in Atlanta’s Chosewood Park neighborhood. The site overlooks the future Southeast BeltLine trail, and is expected to deliver this fall. Pollack Shores has also started construction on The Merchant, a 231-unit apartment community in Charleston’s North Morrison neighborhood. Located at 102 Sottile St., the community sits on a former steel yard and will deliver this fall.