Multifamily developer plans demolition, new apartment construction in Maitland
By By Mike Salinero
Dec 26, 2016 at 8:31 AM
Pollack Shores Real Estate Group, a multifamily developer growing its presence in the greater Orlando area, is planning a new apartment complex on the shores of Lake Gem in Maitland.
The Atlanta-based company, which specializes in acquiring, developing and financing multifamily communities across the Southeast, has proposed building three new apartment buildings at 304 Lake Ave., according to documents filed with the St. Johns River Water Management District.
Pollack Shores will first have to demolish the existing Maitland Shores Apartments, a five-building, 128-unit complex built in 1964. The new project, which has gotten preliminary sufficiency approval from Maitland city planners, would include biking and pedestrian trails on the 12-acre site.
The project could later be expanded. In May, Pollack Shores presented a pre-application, preliminary review request to Maitland's Development Review Committee for six -- not three -- new apartment buildings with a total of 310 units.
The company did not respond to requests for comments from GrowthSpotter.
The current owners of the property, SES Group Maitland Shores Ltd., also could not be reached for comment. The SES Group is led by Dennis I Reeser, owner of Cross-Florida Management Corp. of Altamonte Springs and chief executive officer of Sugar Mill Partners Inc. of Orlando.
Maitland officials say the newest Pollack Shores project does not require rezoning or changes to the city's comprehensive plan. So far, the project has passed early development review by the city with no date set for further action.
Late last year, Pollack Shores finished construction on Millenia North, a 288-unit complex located at John Young Parkway and Millenia Boulevard, near The Mall at Millenia in Orlando. The complex is now called M North.
Pollack Shores was founded in 2006 by Marc S. Pollack, chairman, and Steven L. Shores, president. The privately held company boasts a portfolio of roughly $1 billion in assets, according to the company website.