ECI Group of Atlanta, GA has broken ground on their new luxury apartment complex adjacent the South Point shopping center in McDonough. The project, entitled Columns at South Point, is a $45 million dollar 260-unit residential development.
The 28.31 +/- acre tract accessible from South Point Blvd was rezoned by the McDonough city council in December 2019. Zoning conditions limit the number of three-bedroom units to five percent, require a completed intersection evaluation for SR 81 West at South Point Blvd, and include a twenty foot streetscape buffer along South Point Blvd.
The Columns at South Point will be constructed by ECI Construction with construction financing provided by Wells Fargo Bank. The first units are expected to be delivered by the end of 2021 with project completion in the first quarter of 2022.
â€œECI is excited to begin construction on the Columns at South Point and is proud to be creating needed homes and jobs even as the pandemic continues,â€ said ECI Capital President, James â€œJimmyâ€ Baugnon. â€œResidents of this community will be able to walk to over 700,000+ square feet of retail, dining and entertainment amenities at the nearby South Point shopping area while enjoying the finishes and quality of our newly developed apartments.â€
The apartment complex will offer one, two, and three-bedroom units. Community amenities include a zero-entry pool, fitness center, 3,000 square foot clubhouse, dog park, automated package lockers, pet care center and community garden.
The project plans to build ten multistory buildings. Brick and / or stone materials are required to comprise a minimum of fifty percent of each facade for the two buildings fronting South Point Blvd, with a minimum of twenty percent coverage for the remaining buildings on site.
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, brokerage and 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, ECI is strategically positioned to continue to be a leader in the multifamily industry. For more information, visit www.ecigroups.com.
Portions of this article were copied from the companyâ€™s press release.