Daniel Webster, dWeb.News Publisher
ATLANTA, Nov. 19, 2021 /PRNewswire/ — ECI Group has announced the $136 million sale of the Channel Club, a 324-unit, high rise apartment community in Tampa, FL, to Arlington, VA-based Snell Properties.
ECI Group has announced the $136 million sale of the Channel Club, a 324-unit, high rise apartment community in Tampa, FL, to Arlington, VA-based Snell Properties. The 22-story trophy 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.
The 22-story trophy 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. Private balconies offer stunning views of the Tampa skyline and are finished in stainless steel or granite. The resort-style pool offers more views of downtown Tampa . Residents have access to a state–of-the–art fitness center, covered parking lot, and a business centre. The Channel Club celebrated the transformation of an old industrial area into a vibrant, walkable neighborhood. While exiting the Channel Club, the ECI Group continues to invest in the Channel District, recently starting 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.
“ECI Group is incredibly proud of the Channel Club and the execution of our development and operations plan by our team,” said ECI CEO, Seth Greenberg. “We are thrilled to continue to invest in one the most transformative downtowns in the country with Parc Madison. We also congratulate Snell for their acquisition of Channel Club. This is a fantastic addition to their expanding Southeast portfolio.
ECI Group would like to extend its gratitude to Francesco Carriera from CBRE for his representation in the sale.
About ECI Group
For more than 50 years, ECI Group has been one of the most highly regarded, privately owned real estate organizations in the United States. ECI Group is fully integrated and includes development, construction and management groups. These groups have received national recognition for their innovation and performance in multifamily. With a portfolio of more than 7,500 units located throughout the Southeast, ECI is strategically positioned to continue to be a leader in the multifamily industry. For more information, visit www.ecigroups.com.
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SOURCE ECI Group
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