Pollack Shores Unveils Plans for New Apartment Community in Southwest Charlotte, NC

Steven Shores

ATLANTA, GA – Multifamily developer and investment firm Pollack Shores Real Estate Group announced it has closed on the land purchase for a 350-unit apartment community near Charlotte Premium Outlets in Charlotte, North Carolina.

Located near Dixie River Road and Shopton Road, the project will break ground in May and expand Pollack Shores’ footprint in metro Charlotte to more than 1,200 units after the firm entered the market less than five years ago.

 The new community reflects the firm’s strategy to bolster its presence in growing suburban markets throughout the Sun Belt.

Situated within the fast-growing Steele Creek submarket, the project will serve the second largest employment base in Mecklenburg County, which includes the area’s largest employer, Charlotte-Douglas International Airport.

Other top employers in the area include Time Warner Cable, Compass Group, Siemens, Frito-Lay and Microsoft. Approximately 80,000 jobs are located within 5 miles of the development.

 “A booming employment market and walkable retail make this the ideal environment for a Class A apartment community,” said Steven Shores, President and CEO of Pollack Shores.

Palmer McArthur

 “Demand for new multifamily product in Steele Creek continues to grow, and we look forward to expanding our footprint in Charlotte as we develop a community that delivers exceptional experiences for residents and builds long-term value for our investment partners.”

The apartment community is within a ten-minute walk of Berewick Town Center and is also close to I-485. In addition, residents will be able to enjoy a variety of high-end retailers and restaurants found at Berewick Town Center, including Harris Teeter, Enrico’s Italian Restaurant, Clean Juice and Turn & Burn Fitness.

“This community is poised to capitalize on the tremendous growth happening in Southwest Charlotte,” said Palmer McArthur, Vice President of Development at Pollack Shores and Charlotte native.

 Rendering of Steele Creek Apartments to be located near Dixie River Road and Shopton Road, Metro Charlotte, NC 4-28-19

“Pollack Shores now has 1,000 units under construction across the Charlotte metro area, and we are excited to bring our latest development to Berewick and Steele Creek.”

For more information about Pollack Shores, please visit pollackshores.com/.

For more information about Matrix Residential, please visit matrixresidential.com/.

Contact:

Nick Banaszak

The Wilbert Group

256-457-5384 (C)

nbanaszak@thewilbertgroup.com