An Atlanta-based real estate company is building a multifamily apartment complex in an area of the city that will sit near the future southeast portion of the Atlanta Beltline.
Pollack Shores’ latest development, Skylark, is located on 1099 Boulevard and is set to open in the fall, according to a news release.
The 319-unit apartment complex will range from 500 square foot micro apartments to large two-story, three-bedroom apartments. The larger apartments will be 1,500 square feet.
Rent starts at $1,100; the average rent cost will be $1,500. The cost of the development was not released.
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The apartment complex is one of the company's first to be constructed in an Opportunity Zone, an area consisting of economically disadvantaged communities, according to the release. The zones were created to strengthen distressed neighborhoods through economic development and job creation.
“As a long-term property owner, business operator and good neighbor in these districts, we will be a proactive partner committed to supporting local businesses and residents, while also adding energy and economic vitality through our projects,” president and CEO of the real estate company Steven Shores said in the release.
Skylark is one of two developments Pollack Shores is building in a defined Opportunity Zone. The other is the Merchant apartment complex in Charleston, South Carolina.
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