July 30, 2019
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.”
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