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Atlanta & Southeast  + Southeast  + Apartments  |  July 30, 2019
David Cohen
By: David Cohen

Pollack Shores Acquires 494-Unit MF Community in Charlotte

Multifamily developer and investment firm Pollack Shores Real Estate Group has acquired The Bryce North Charlotte apartments, a 494-unit apartment community in Charlotte’s University City neighborhood. The seller and sales price were not disclosed.

Located at 4101 Double Creek Crossing Dr., the community was formerly known as Bexely Creekside. Pollack Shores plans a $6.6-million capital improvement project that will upgrade amenities at the community. Planned improvements include a conversion of the existing volleyball court into a greenspace that will host an outdoor beer garden and grilling area, as well as a three-hole golf course, tennis court and a resort-style pool.

“The Bryce presents a rare value-add opportunity allowing us to continue to invest in Charlotte and its’ surrounding neighborhoods,” said Steven Shores, CEO of Pollack Shores. “We will fill an existing void for renovated communities that appeal to Class A renters seeking hotel-quality amenities and experiences at a competitive price point.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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