Latest transaction marks firm’s debut in the Austin market
Multifamily developer Pollack Shores today announced its acquisition of Eastside Station, a luxury apartment community on East 4th Street in Austin, Texas. The property is located in East Austin, a vibrant and fast-growing neighborhood located just one mile east of downtown Austin. The transaction marks Pollack Shores’ first project in Austin since the Atlanta-based company opened its Southwest region office in Dallas earlier this year.
Eastside Station opened in 2016, and features a variety of floor plans and resort-style amenities that appeal to Austin’s burgeoning population of young professionals. The 255,858-square-foot development consists of one and two-bedroom units ranging from 560 to 1,247 square feet. The 330 residences at Eastside Station include first class finishes, such as stainless steel appliances, granite countertops, vinyl plank wood flooring and glass subway tile backsplash.
Eastside Station also features a high-end pool and fitness center with spin room, rooftop lounge, game room and coffee bar. The property’s location allows residents an easy bike ride to nearby retail and restaurant destinations such as Launderette, Salty Sow and Revelry Kitchen + Bar. Rainey Street, a popular Austin nightlife destination, is a little over one mile away from Eastside Station. Residents will also enjoy easy access to Austin’s MetroRail, which runs from downtown Austin to Leander, and includes a special late night schedule with the last train leaving Downtown Austin at 3 a.m.
“We are pleased to broaden our Southwest expansion into Austin with today’s acquisition of Eastside Station,” said Alex Seals, managing director and head of Pollack Shores’ Southwest office. “East Austin was a target submarket for us given the area’s continued growth, proximity to downtown and access to public transportation.”
Seals is spearheading the company’s entry into other target markets in the region, including Houston, Denver and Phoenix.
“Austin’s ongoing economic expansion will continue to fuel high demand for luxury multifamily communities, and we’re thrilled to enter the market,” said Steven Shores, president and co-founder of Pollack Shores. “Pollack Shores’ ability to identify assets and effectively reposition them in high-growth job markets will continue to be a top priority here in Texas and across the Southwest.”
For more information, please visit http://www.pollackshores.com./
About Pollack Shores Real Estate Group, LLC
Pollack Shores is an award-winning full service real estate company creating value through multifamily investment opportunities in the Southeast and Southwest. Founded in 2006, the Atlanta-based company currently manages a balanced portfolio of nearly 16,000 multifamily units representing in excess of $1.3 billion in total assets. Pollack Shores fully embraces the core value of service to its community, its residents and its clients.