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Florida & Gulf Coast  + Central Florida  + Apartments  |  November 23, 2021
The Channel Club apartment tower in Tampa, FL
Lisa McDuffie
By: Lisa McDuffie

The Channel Club Apartment Tower in Tampa Changes Ownership for $136M

The Channel Club, a 22-story apartment community in Tampa, FL, has exchanged ownership for $136 million. The seller of the 324-unit high rise is Atlanta-based ECI Group; the buyer is Arlington-based Snell Properties.

Francesco Carriera of CBRE represented ECI Group.

The tower, anchored by a Publix Super Market (not part of the asset sale), was developed by ECI in 2019 and features one- and two-bedroom apartments averaging 911 square feet. Luxury touches include private balconies with Tampa skyline views while a resort-style pool boasts more panoramic views of downtown Tampa.

 The Channel Club is located in Tampa’s vibrant and walkable Channel District, a former industrial area. The ECI Group has started development on a Phase II property, the Parc Madison, with 351 apartment units, on the same block as the Channel Club and Madison Street Park.

Photo Courtesy ECI Group

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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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