ECI Group Celebrates Opening of 335-Unit Averly East Village Apartments in Roswell, GA
Redevelopment of Critical Infill Site in Roswell Achieving Rapid 70% Leasing and 55% Occupancy
ATLANTA, June 26, 2025 /PRNewswire/ -- ECI Group (ECI), with joint venture partner Phoenix Capital, recently celebrated the grand opening of the $101 million luxury apartment development, Averly East Village, in the rapidly growing northern Atlanta city of Roswell near Alpharetta, GA. ECI leaders and team members were joined by Morgan Pierce from economic development organization, Roswell, Inc., to celebrate the opening of the redeveloped centerpiece of the East Roswell community.
ECI Development Vice President, Stephen Stover noted, "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. 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."
The opening celebration, held on May 22nd, celebrated the Averly brand colors of teal and charcoal in a 'Blue Retro' themed party, complete with a live peacock displaying shimmering shades of blues, a branded wall, and a bar featuring vibrant color-themed cocktails.
A selection of images from the event is available here.
Averly East Village includes 335 one-, two-, and three-bedroom apartments as part of the larger East Village mixed-use development. The community features resort-quality landscaping, architecture, and interior finishes.
Averly East Village features:
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Individual apartments include:
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Interested potential residents can explore unit availability by contacting the Averly East Village team at https://www.averlyeastvillage.com/.
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, investment, and property 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 and Texas, ECI is strategically positioned to continue to be a leader in the multifamily industry. For more information, visit www.ecigroups.com.
About Phoenix Capital Management, LLC
Phoenix Capital Management is a private equity fund manager headquartered in Dallas, TX with a focus on providing joint venture equity for Class A multifamily developments throughout the U.S. Over the course of the firm's 29-year history, Phoenix has invested $2.1 billion of capital in more than 280 joint ventures with sponsors across the U.S. Phoenix's large, diverse investor base allows the firm to be a consistent partner to its roster of developers and operators. For more information, visit www.pcpre.com.
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SOURCE ECI Group