TAMPA, FL – 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-tale 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 plot 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 buy of Channel Club, a wonderful addition to their growing Southeast portfolio.”

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HOUSTON, TX – A partnership consisting of Better World Holdings and Crown Capital Ventures has bought Skylar Pointe Apartments, a 449-unit rental development situated at 110 El Camino Village Drive in the Clear Lake neighborhood of Houston, TX for $49.1 million.
The property is located in close proximity to the NASA Johnson Space Center, Lockheed Martin, the Boeing Company, HCA Houston Healthcare Clear Lake and Memorial Hermann Southeast Hospital.
Constructed in 1979, Skylar Pointe Apartments comprise 162 one-bedroom apartments, 255 two-bedroom apartments, and 32 three-bedroom apartments. The overall development is 423,240 square feet in size.
The new owners plot a modernization initiative valued at a total of $4.6 million. The improvements will consist of a $2.9 million investment in interior upgrades within all units, as well as $1.7 million in upgrades to exterior amenities.
“Located in one of Houston’s most desirable neighborhoods, Skylar Pointe Apartments presents a prime value-add opportunity, with rents presently trailing the submarket,” said Reuven Bisk, president and managing member of Better World Holdings. “The partnership is poised to launch a wide spectrum of improvements that will lead to increased rents and will maximize the property’s value.”
“Skylar Pointe Apartments is situated amid a diverse economy based around booming, recession-resistant industries and a growing population of young, professional workers,” said Shia Grunzweig, founder and principal of Crown Capital Ventures. “Crown Capital Ventures believes that real estate development can be a force for excellent in the world, and the best deals result in wins for all stakeholders.”
Better World Holdings will manage the properties and renovations through its management arm, Better World Properties LLC. Crown Capital Ventures and Better World Holdings will jointly assume asset management responsibilities.

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VERNON HILLS, IL – Greystar, a global leader in the investment, development, and management of high-quality rental housing communities, recently announced the groundbreaking of Everleigh Vernon Hills, a new 55+ Active Adult community.
“Everleigh Vernon Hills will deliver the lifestyle active adults are looking for with endless opportunity to meet like-minded people in a similar stage of life,” Nathan Wetmore, Regional Property Manager said. “The community offers a silent, private setting while also maintaining accessibility to entertainment, dining, nature and outdoor activities. It is perfect for adults looking to right-size or relocate from an urban environment.”
Floorplans come in one- and two-bedroom layouts, as well as two-bedrooms with a den and cottage homes, which are separate homes that surround the apartment building and include their own garage, patios and upgraded finishes with access to all the amenities. Amenities feature elegant furniture and fixtures with deep teal, rich browns and cool gray colors in the design.
Everleigh Vernon Hills will have more outdoor amenity space than most active adult communities. Amenities include a heated swimming pool and spa, event lawn, game lawn, outdoor lounge with firepits, pool cabanas and plenty of green space for pets. Indoor amenities include a fantastic room, demonstration kitchen, creative arts studio, movie theater, game room, business center, fitness center and group exercise room.
The community will feature a contemporary building style situated on a two-acre landscaped setting. Everleigh Vernon Hills is walkable to every major retailer, dozens of restaurants and is a small train ride or drive to downtown Chicago.

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