ECI Group (ECI), with joint venture partner, The Griffin Fund, has started construction on The Averly Collins Hill, a $76 million, eight-building, 300-unit, Class A apartment development on 22 acres at 700 Collins Road in Lawrenceville just 40 minutes outside of Atlanta, Georgia.
ECI Construction is the general contractor and construction financing was provided by Synovus.
“ECI is excited to partner once again with The Griffin Fund to build premier housing near downtown Lawrenceville,” said ECI Vice President of Development, Stephen Stover. “We very much appreciate the collaboration and support we received from the City of Lawrenceville, particularly Mayor David Still, City Manager Chuck Warbington, and Planning and Development Director, Todd Hargrave. With their perspective and vision, The Averly Collins Hill will provide residents coming to the City for its jobs, amenities, schools, and resources with convenient and quality housing in a mixed-use neighborhood.”
The $46 million construction loan provided by Synovus comes amidst a challenging financing environment. Seth Greenberg, ECI Group CEO, added, “We are particularly appreciative of the confidence that Synovus demonstrated in this well-located and thoughtfully conceived development, providing ECI with the construction financing needed to start this project immediately and in the best window for delivery.”
The Averly Collins Hill will feature a 7,000 square foot clubhouse with clubroom, gathering spaces, fitness center, and remote work area. Outside amenities include a large dog play area, expansive pool with cabanas and extensive greenery and landscaping, and a coffee bar.
One, two, and three-bedroom floor plans feature open-concept design, with full-size washers and dryers plus large walk-in closets. Upscale apartment features include luxury wood-style flooring, quartz countertops with undermount sinks, white shaker-style cabinetry, designer lighting and plumbing fixtures. In the kitchen, residents will enjoy tiled kitchen backsplashes and bathroom surrounds plus stainless steel appliances. Ceiling fans in bedrooms and living area will bring residents extra comfort. Every unit will include a private porch or balcony.
The Averly Collins Hill is located adjacent to University Parkway (SR-316) and Collins Hill Road and within walking distance of an existing Walmart Supercenter-anchored shopping center. Major local employers include Northside Hospital Gwinnett, Georgia Gwinnett College, and the 2,000-acre Rowan technology and research project.
