Le Lézard
Classified in: Business
Subject: RLE

ECI Group Announces $136 Million Sale of Channel Club Apartment Tower in Tampa, FL

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.

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. Luxury touches include private balconies with Tampa skyline views along with stainless steel and granite finishes. A resort-style pool boasts more panoramic views of downtown Tampa and residents have access to a state-of-the-art fitness center, covered parking garage, and a business center. The Channel Club celebrates the emergence of the Channel District, a former industrial district, as an exciting and vibrant walkable location. 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 excited to be continuing to invest in one of the most transformational downtowns in the nation with the Parc Madison and congratulate Snell on their purchase of Channel Club, a wonderful addition to their growing Southeast portfolio."

ECI Group extends its appreciation to Francesco Carriera of CBRE for his representation on 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. The firm is fully integrated, with development, construction, and management groups that have garnered national recognition for innovation and performance in the multifamily industry. 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.

Media Contact:
Karen Widmayer
KW Communications, LLC 


These press releases may also interest you

at 14:20
The Professional Fighters League (PFL), the fastest growing and most innovative sports league, today announced the matchups for the inaugural PFL Challenger Series. The PFL Challenger Series will be held at Universal Studios in Orlando, FL beginning...

at 14:15
Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies: The Good Shroom Co CEO says quality of cannabis and mushroom products will help gain significant...

at 14:10
Mental health supports, technology and the digital delivery of services, and strategic plan design to keep benefit plans affordable will be key trends in group benefits in 2022 according to Stephen Frank, President and CEO of the Canadian Life and...

at 14:05
Griffon Corporation ("Griffon" or the "Company") has successfully completed its previously announced acquisition of Hunter Fan Company ("Hunter Fan" or "Hunter"), the leading U.S. brand of residential ceiling fans for $845 million, subject to...

at 14:04
Sony Music Entertainment (SME) today announced it has fully acquired Bob Dylan's entire back catalog of recorded music, as well as the rights to multiple future new releases, in a major expansion of SME's six-decade relationship with the artist. This...

at 14:01
Spades announces Ecofittm, a biotech fostering forest vitality and hardiness. Trees are nature's solution for removing greenhouse gases and slowing global warming. Ecofit selects trees for resilience to improve investor returns, mitigate climate...

News published on 19 november 2021 at 08:06 and distributed by: