ECI Building Apartment, Retail Project in Savannah

ECI Building Apartment, Retail Project in Savannah
News| August 26, 2025| Mike Boyd
Atlanta & Southeast + Apartment Buildings

ECI Group (ECI) broke ground on The Averly Richmond Hill, a $60 million, 291-unit, mixed-use development with retail acreage along Ford Avenue in Richmond Hill, GA. ECI Construction is the general contractor, with construction financing provided by Synovus and CIBC, and will deliver pad-ready retail sites in Q1 2026 for tenants.

Ashley Smith and Tyler Mouchet of Colliers | Savannah will market the 3.5+ acres of retail pad sites, which are available for ground lease. Behind the commercial acreage, ECI is constructing 291 residential units, including 243 one-, two-, and three-bedroom apartment residences and 48 three-bedroom, two-car garage townhome residences. 

The Averly Richmond Hill will feature an 8,400-square-foot clubhouse with a clubroom, state-of-the-art fitness center, co-working space, automated package facilities, pool and dog park.

ECI has been active in the Savannah Metro since 2015, having constructed one project and purchased another.

From capital markets and financing trends to development, acquisitions, and property management strategies, Connect Apartments on September 11 dives into the issues shaping today’s multifamily landscape. Join the experts leading conversations on affordability, innovation, market dynamics, and investment opportunities—all in one day, under one roof. If you want the latest insights that drive decisions in apartments, this is where you’ll find them: www.connectapts2025.com

      Other News

      MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage

      Boston & New England + Apartment Buildings

      The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...

      Learn more

      Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla

      Seattle & Northwest + Apartment Buildings

      Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...

      Learn more

      Brightshore Acquires Newly Built Long Island City Luxury Apartments

      New York & Tri-State + Apartment Buildings

      Brightshore Capital LP, formerly GTIS Partners, has acquired DŌMI, a newly constructed, 190-unit luxury multifamily property located at 29-24 40th Ave. in Long Island City, for slightly more than $143 million. The acquisition through Brightshore’s Opportunity Zone Fund II was financed with a $98.5-million loan from Affinius Capital. The seller was a joint venture of...

      Learn more
      New call-to-action

      Brokers

      View All

      Lenders

      View All

      Management

      View All
      Login
      or
      Sign up