ECI Group, Phoenix Capital Start $101M Multifamily Mixed-Use in Roswell
ECI Group and joint venture partner Phoenix Capital have started construction of a $101-million apartment and townhome development in Roswell, GA. Averly East Village is designed by Rule Joy Trammell Rubio Architects; Truist has provided construction financing.
Averly East Village will include 335 one-, two-, and three-bedroom apartments as part of the larger East Village mixed use development that will ultimately include 74 townhomes, 75,000 square feet of retail and a large public central green with pavilion.
“The development of Averly East Village comes at a particularly opportune time, with North Atlanta experiencing explosive growth in jobs and residents,” said Jimmy Baugnon, CIO at ECI Group. “We are excited to play our part in helping to address the shortage of new housing by building luxury residential units on what was a mostly vacant strip center in the middle of the affluent Roswell area.”
Photo courtesy ECI Group
- ◦Development
