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ECI Group Opens Pre-Leasing at $60M Savannah-Area Luxury Complex

Summarized from Real Estate

ECI Group has begun pre-leasing at The Averly Richmond Hill, a 291-unit, $60 million gated community near Savannah, Georgia.

ECI Group Opens Pre-Leasing at $60M Savannah-Area Luxury Complex

ECI Group has launched pre-leasing at The Averly Richmond Hill, a $60 million residential development located on Ford Avenue in Richmond Hill, Georgia, within the Savannah metropolitan statistical area. The Atlanta-based developer is bringing 291 residences to the gated community, which is designed to serve renters seeking upscale options in a fast-growing coastal Georgia corridor.

The development combines luxury apartments with spacious townhome-style units, rounding out the offering with resort-style amenities intended to compete with higher-end rental properties in the broader Savannah market. The combination of unit types signals a strategy to capture a range of renter profiles, from young professionals to families seeking more square footage than a standard apartment provides.

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Richmond Hill, situated roughly 20 miles southwest of downtown Savannah, has drawn increased residential development interest as the Savannah MSA expands beyond its historic core. Infrastructure investment and proximity to major employment centers have made the Bryan County submarket increasingly attractive to multifamily developers.

The Averly Richmond Hill represents one of the larger single-site multifamily investments announced recently in the submarket. Pre-leasing activity will offer an early gauge of rental demand and absorption pace in a region where housing supply has struggled to keep pace with population growth driven by the port economy and military presence at nearby Fort Stewart.

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Frequently Asked Questions

Q.How many units does The Averly Richmond Hill have?

The Averly Richmond Hill features 291 residences, including both luxury apartments and townhome-style units.

Q.Where is The Averly Richmond Hill located?

The development is located on Ford Avenue in Richmond Hill, Georgia, within the Savannah metropolitan statistical area, roughly 20 miles from downtown Savannah.

Q.How much did ECI Group invest in The Averly Richmond Hill?

ECI Group's investment in The Averly Richmond Hill is valued at $60 million.

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