Echelon International Unveils New Apartment Home Community in Gateway Area of St. Petersburg.ST. PETERSBURG, Fla.--(BUSINESS WIRE)--May 14, 1998--
First Community Opening for the Company's Core Multi-Family Real Estate Division
Echelon International Corporation (NYSE NYSE
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Echelon at Bay Isle Key marks the first community for Echelon's multi-family division and the first new multi-family development in the Gateway area since the early 1990's. The 369-unit community of one-, two- and three-bedroom apartment homes is spread over 28 acres, surrounds a 3.8-acre lake and is adjacent to a wetland preserve.
Designed in the architectural style of classic coastal Savannah Savannah, city, United States
Savannah, city (1990 pop. 137,560), seat of Chatham co., SE Ga., a port of entry on the Savannah River near its mouth; inc. 1789. , the community blends the very latest in amenities with old southern charm. Residents have access to a state-of-the-art business center, fully-equipped conference room and concierge services. There are pools, a spa, cardio/fitness rooms and a tennis court all blended in an environment with deep porches, ceiling fans and rocking chairs.
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3. Tim Tinsley, vice president, Echelon Residential Inc., "Echelon at Bay Isle Key is setting the high standard for multi-family development at Echelon. This is the beginning of a strategic growth plan for Echelon in the southeast and southwest United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In addition to our next project here in St. Petersburg, Echelon at The Reserve located at Carillon carillon, in music: see bell.
Musical instrument consisting of at least 23 cast bronze bells tuned in chromatic order. Usually located in a tower, it is played from a keyboard. Most carillons encompass three to four octaves. , we are looking forward to new Echelon communities in Atlanta, Dallas, Denver, Tulsa, Tampa, and Orlando."
Looney Ricks Kiss Architects, based in Memphis, Tenn., designed Echelon at Bay Isle Key to reflect a "new urbanism New urbanism is an American urban design movement that arose in the early 1980s. Its goal is to reform all aspects of real estate development and urban planning, from urban retrofits to suburban infill. " in apartment communities. Favoring traditional neighborhood settings, the apartment homes feature buildings with end-loaded garages allowing for maximum views of the interior lake or preservation area. Winding paths and indigenous landscaping create a walkable environment that encourages a sense of community.
Echelon International Corporation is a real estate company involved in the development, ownership and management of multi-family residential Multi-family residential is a classification of housing where multiple separate housing units are contained within one building. The most common form is an apartment building.
Many intentional communities incorporate multi-family residences, such as in cohousing projects. and commercial real estate. The Company also owns and manages a portfolio of aircraft leases along with aircraft and real estate loans. Echelon plans to gradually withdraw from the aircraft and real estate lending business and focus on its core real estate operations.
CONTACT: Susan Glatthorn Johnson
Echelon International Corporation
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