Thursday, May 8, 2008

Pollack Partners’ First Project Nears Completion

ATLANTA, GA– Pollack Partners, a new multifamily development firm, is completing its first project. Two Blocks Apartment Homes, (rendering above) a $59 million suburban Atlanta apartment community, welcomes its first residents this month.

Pollack Partners developed the community in a joint venture with BHC Property Group. The mid-rise development includes 400 one and two bedroom luxury apartment homes on 10 acres in Dunwoody near the fast-growing Perimeter area.

Amenities include a pool, courtyards, elevators, state-of-the-art fitness center, business center, conference room, furnished guest suite, clubroom with TV lounge, media room with widescreen TV, coffee bar/cyber café and billiards room with bar.

The Web site, http://www.2batlanta.com/, lets visitors place furniture icons into interactive floorplans so they can see which works best. The Worthing Companies will lease and manage the community. The equity partner is Westplan Investors Inc.

This is just one of several communities Pollack Partners now has underway. Construction starts within a few weeks on a new $35 million luxury rental community in a prime in-town Atlanta location – I-85 and Shallowford Road. Groundbreaking is expected this summer on a $42 million luxury apartment community in Tampa.

Many more projects are also in the pipeline. Last year the firm entered into a partnership with an affiliate of Goldman Sachs to start a new real estate co-investment fund that, coupled with capital from other investors, will provide for some $1 billion in new developments and acquisitions across a wide geographic region.

Pollack Partners (http://www.pollackpartners.com/) focuses on the development, acquisition, finance and investment of high quality, community-enhancing multifamily, residential and mixed-use real estate projects. Founded in 2006, it is committed to the highest standards in all facets of its business. Its leadership team has more than 50 years combined experience on real estate projects in a dozen states.

Media contact for Pollack Partners:

Terri Thornton
404-932-4347

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