Pollack Shores to Open 175-Unit Active Adult Community Near Jacksonville

PONTE VEDRA, Fla. — Multifamily developer and investment firm Pollack Shores Real Estate Group has announced plans for Olea at Nocatee, a 175-unit active adult apartment community in of Ponte Vedra.

The community marks the second project under Pollack Shores’ newly launched, age-targeted Olea brand. Construction will start this month, with first move-ins scheduled for July 2020.

The property is situated within the master-planned community of Nocatee, near Ponte Vedra’s beaches and approximately 20 miles southeast of Jacksonville. The PARC Group is currently developing the Nocatee community, which will include shopping, restaurants, golf courses, hospitals and schools. The community is also located near Flagler Center, which is home to leading employers such as Baptist Medical Center South and Citicorp.

“Nocatee’s rapid growth and exceptional quality of life make it the ideal setting for our second addition to our Olea portfolio,” says Steven Shores, president and CEO of Pollack Shores. “[The] development will be tailored to the growing population of Class A renters moving to the area. The Olea brand will continue to be a top focus for Pollack Shores as we expand in key markets across the Sun Belt.”

Olea at Nocatee will offer one-, two-, and three-bedroom apartment homes ranging from 625 to 1,535 square feet.