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ECI Group and Phoenix Capital have started construction on Averly East Village apartment and townhome development in Roswell, GA.

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


Inside The Story

ECI Group's Baugnon

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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