The Stratford Apartments, located across Park Road from the Park Selwyn Terrace Shopping Center, are about to be bulldozed to make way for a 273-unit luxury apartment complex. Atlanta-based Pollack Shores Real Estate Group announced Thursday that it has bought the 6.75 acre property and plans to break ground on its new project in April. The firm said it expects delivery of the first units in the third quarter of 2015.
A Pollack Shores subsidiary bought the property Wednesday for $6.4 million, county property records show. Residents living at the Stratford Apartments, which front onto Park Road near Selwyn Avenue, were given 30-day notices, said Elyse Hammett, a spokeswoman for the developers.
The new community will include a path connecting it northward to Freedom Park and eventually southward to the Little Sugar Creek Greenway. It will feature interiors with designer finishes, granite and stone countertops, and a club room with a catering kitchen. Pollack Shores sees the property as "a unique opportunity for us to provide a high-design, high-quality multifamily community," said Michael Blair, managing director of development for the company.