DALLAS – (Realty News Report) – Multifamily developer and investment firm Pollack Shores Real Estate Group acquired land at 4302 Ross Avenue in Old East Dallas where it will build a multifamily community.
This project marks a continuation of the company’s expansion into Texas that began several years ago with the purchase of several existing communities in Dallas and Austin. No plans have been announced for the firm to enter the Houston market, where 19,992 units are under construction, according to CBRE.
Pollack Shores will begin construction later this month on a site formerly occupied by an auto dealership and located less than a mile from downtown Dallas. The site represents the largest remaining tract along one of Dallas’ fastest-growing corridors.
Pollack Shores was drawn to Old East Dallas because of a recent renaissance that includes redevelopment along the Ross Avenue corridor. This transformation has attracted popular shops and restaurants such as Fiction Coffee and Ross & Hall Beer Garten + Kitchen, creating a magnet for young professionals.
“Our company focuses on creating communities that connect residents with vibrant neighborhoods that have strong existing amenities like Ross Avenue,” said Steven Shores, President and CEO of Pollack Shores. “We believe this connection creates authentic experiences which offer a higher quality of life for our future residents.”
The 240-unit, four-story project will offer studio, one- and two-bedroom residences ranging from 500 to 1,400 SF when it opens in early 2021.
July 19, 2019 Realty News Report Copyright 2019
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