Tampa apartment tower sells for $136m

Snell Properties has paid $136 million for the Channel Club, a 324-unit, high-rise apartment community in Tampa, Fla. The seller was ECI Group.

The 22-story 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, and 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.