ECI Group Celebrates Opening of 335-Unit Averly East Village Apartments in Roswell, GA

Whats Happening:

ECI Group and Phoenix Capital have opened the $101 million luxury apartment development, Averly East Village, in Roswell, GA. The 335-unit complex has already achieved 70% leasing and 55% occupancy, indicating strong market demand. The development is part of a larger mixed-use project that has revitalized the East Roswell community.

Key Moves:

• ECI Group and Phoenix Capital open $101M Averly East Village apartments

• Development achieves 70% leasing and 55% occupancy

• Project revitalizes East Roswell with mixed-use development

By The Numbers:

• $101 million investment in Averly East Village

• 335 luxury apartment units

• 70% leasing and 55% occupancy achieved

Key Quotes:

• "The Averly East Village, our first Averly-branded luxury apartment development to deliver, has reinvigorated the East Village center that now features Five Guys, Zama Mexican Cuisine, Panda Express, amongst others." - Stephen Stover, ECI Development Vice President

• "The strong response from residents has validated our decision to build a heavily amenitized community with top-of-market apartment finishes."

• "We also appreciate the cooperation and assistance from our neighbors, capital partners, and the project team to bring this community to life."

Bottom Line:

The successful opening and rapid leasing of Averly East Village demonstrates the strong demand for luxury apartments in the Roswell area. This development not only provides high-end housing options but also contributes to the revitalization of the East Roswell community, potentially setting a precedent for future mixed-use developments in the region.

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