 |
| Steven Shores |
ATLANTA, GA (Dec. 22,
2017) – Multifamily developer Pollack Shores announced today that it has closed
on the land purchase for its latest luxury apartment community in Lutz,
Florida, one of metro Tampa’s fastest-growing suburbs.
Design plans were recently
finalized for the development located off Suncoast Parkway, which will be known
as The Fountains at Northpointe. The project is within walking distance of one
of Lutz’s popular mixed-use retail centers, and is expected to break ground in
January 2018.
The 239,000-square-foot
community will include 252 units and provide residents with a spacious outdoor
living area, along with convenient access to several nearby shopping and dining
destinations.
The community features a
variety of floorplans for one, two and three-bedroom residences ranging from
700 to more than 1,300 square feet. Each home will feature granite countertops,
shaker-style cabinets, stainless steel appliances and luxury vinyl plank
flooring. The project is slated to open in May 2019.
Property amenities will
include a resort-style pool and courtyard, a large water feature with a
pedestrian bridge and a luxurious clubroom and seating area. The community is
also just one mile away from the popular Suncoast Trail, a 42-mile biking
greenway that covers Hernando, Hillsboro and Pasco counties.
“The Fountains at
Northpointe furthers our strategy to develop highly amenitized apartments in
strong suburban locations that have not seen new development in recent years,”
said Steven Shores, President and
Co-Founder of Pollack Shores. “Pollack Shores will continue to seek
opportunities that strengthen our portfolio in the Sunbelt and build long-term
value for stakeholders.”
The project is located
less than half a mile away from Northpointe Village, a 68,000-square-foot
development which features a variety of retailers, restaurants and specialty
shops anchored by Marriot’s Residence Inn.
Nearby restaurants include
Carrabba’s Grill, Brick City Eatery and International Beer Garden. The city of
Tampa is a less than half hour drive away for residents who commute or enjoy
the dynamic nightlife downtown.
NXT Capital is partnering
with Pollack Shores on the project. Matrix Residential, a subsidiary of Pollack
Shores, will add the development to its growing and diverse portfolio of
award-winning properties the company manages across the Sunbelt.
Known for acquiring,
developing, managing and investing in best-in-class multifamily communities,
Pollack Shores is currently active in Atlanta, Orlando, Tampa Bay, South
Florida, Raleigh, Charlotte, Dallas, Nashville and Richmond.
For
more information on this news release, please, contact:
Liz Maddux • The Wilbert
Group
Please note our new
address:
1718 Peachtree St., Suite
1048 • Atlanta, Ga. 30309
M: 478-972-3210
@liz_maddux
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Twitter
or
Liana Moran
The Wilbert Group
404-748-1367 (O)
770-905-9915 (C)
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