Gwinnett's Discovery At River Bend To Get Major Renovations

DULUTH, GA – Multifamily developer and investment firm Pollack Shores Real Estate Group Tuesday announced the acquisition of Discovery at River Bend in Duluth. The 256-unit community is located at 3350 Peachtree Industrial Boulevard just minutes from Downtown Duluth, the area’s top employers, a grocery-anchored shopping center and several quality restaurants.

Interior unit renovations will include new appliances, washer and dryer systems, cabinets, solid-surface countertops, lighting fixtures, plumbing fixtures and new paint. Luxury vinyl plank wood flooring will be added throughout the kitchen and living room areas. All bedrooms will receive new carpet.

Other projects in Gwinnett the developer has taken on in recent months include:

• Menlo Creek (Acquisition, Duluth)
• Suwanee Town Center (New Mixed-Use Project, Groundbreaking later this year)
• Sugarloaf Summit (New Property Management Contract, Sugarloaf Mills)
• 1760 Apartment Homes (New Property Management Contract, Lawrenceville)

Discovery at River Bend features 40 one-bedroom units, 153 two-bedroom units and 64 three-bedroom units. Pollack Shores plans to renovate the amenities and interior units of the community.

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Amenity upgrades will include a new fitness center, an updated outdoor sports court and playground, a collaborative business center, new pool lounge furniture and the addition of an indoor recreation area. The outdoor park space will also get a revamp with new picnic tables, string lights and grilling areas.

The property is located near a Kroger-anchored shopping center and is also in close proximity to Downtown Duluth with multiple trendy shops and dining options. The community is also located near some of the area’s top employers including Genova Diagnostics, AGCO Global, Veristor and PossibleNOW. Between 2015 and 2016 the population of Duluth grew by 1.37 percent and its median income grew by 10.4 percent. The city also saw a 6.53 percent growth in number of employees.

“There's a clear demand for quality multifamily housing in suburban markets like Duluth with strong job and population growth as well as highly rated schools,” said Brendan Whalen, VP of Acquisitions for Pollack Shores. “We will continue to seek out similar value-add opportunities for our investors and look forward to enhancing the living experience for our residents.”

In North Atlanta’s suburban arc, Pollack Shores recently acquired Menlo Creek, and through its wholly owned subsidiary Matrix Residential, began managing two apartment communities, 1760 and Sugarloaf Summit in Gwinnett County.

Known for acquiring, developing, managing and investing in best-in-class multifamily communities, Pollack Shores is currently active in Atlanta, Orlando, Tampa, Jacksonville, South Florida, Montgomery, Raleigh, Charlotte, Charleston, Dallas, Austin, Memphis, Nashville and Richmond.

Photo courtesy Pollack Shores Real Estate Group