Crescent Communities

NOVEL Mallard Creek, our latest multifamily community in Charlotte’s University area, is set to fully deliver this December with first units available now! This four-building, 298-unit community brings a mountain lodge aesthetic to University Research Park, offering a serene, nature-inspired setting for residents to enjoy a quiet lifestyle only moments away from one of Charlotte's largest employment hubs. “We’re bullish in the changing dynamics we feel we can take advantage of with the light rail coming in, which certainly spurred more economic development and more jobs coming into (the submarket). University often gets overlooked, though it’s easily the city’s second-largest employment center, next to Uptown,” Michael Tubridy, our Senior Managing Director of Multifamily Development, told the Charlotte Business Journal. As the expansion of Charlotte's light rail system drives further growth in the region, we are excited to develop communities that offer an elevated lifestyle to new residents and contribute to the vibrant and thriving University neighborhood. Read more in the Charlotte Business Journal: https://lnkd.in/eq93n2v6

We’re excited to announce that One Independence Center’s Monarch Market has been awarded Top Hospitality/Entertainment Development at the Charlotte Business Journal's 11th Annual Heavy Hitters Commercial Real Estate Awards! This recognition celebrates top developments in the Greater Charlotte region with special attention to contributions to the Charlotte business community, design, and economic impact. We are incredibly grateful for our colleagues and partners for their hard work bringing this destination to life and helping Monarch Market shine! 🦋 🏢 Read more in the Charlotte Business Journal's Heavy Hitters Special Edition: https://lnkd.in/eZHTf4b2

Last week, our team officially received NAIOP’s 2024 Developer of the Year award! 🎉 Since 1979, the Developer of the Year award has been presented to a development company that best exemplifies leadership and innovation in the commercial real estate industry. Our mission of creating sustainable, transformative communities has guided our success and led us to this tremendous achievement. "In an industry often driven by short-term gains, Crescent Communities stands apart by prioritizing long-term sustainability and community well-being,” said Commercial President Brendan Pierce. This award is an honor and we want to thank our incredible colleagues and partners. Your hard work and dedication has created exceptional and authentic communities that exemplify our mission to Build Community and Better People's lives. Read more from the Charlotte Business Journal: https://lnkd.in/e8Jgt69B

Last week, we celebrated the grand opening of NOVEL Val Vista in Phoenix, AZ! Inspired by the diverse cultural spirit found throughout Phoenix’s most eclectic and desirable neighborhoods, NOVEL Val Vista is designed to offer residents a distinctly local, high-energy living experience, with amenities including: 🧁 Community market featuring boutique bakery Too Sweet Cakes 🌊 Pool, spa and cabana area 🌇 Sky lounge with panoramic views 🎮 Hidden game room and speakeasy 🔥 Outdoor covered grilling and collaboration spaces 💻 Laid-back lobby and coworking lounge 🐾 Shaded pet park and “scrub suite” Thank you to our partners MAA, Craine Architecture, ESG | Architecture & Design, Given and Associates, Inc., Kimley-Horn, Martino & Luth, Inc., McShane Construction Company and Norris Design for all of your work in bringing this community to life. We’re excited to continue our activity in the Phoenix market and look forward to continue building vibrant communities that echo the unique culture of this region.

Listen to our very own Brian Natwick talk about the strategy, culture and moments that have shaped Crescent Communities on the NAIOP podcast! 👇

We are thrilled to announce the grand opening of NOVEL Scott's Addition — our first multifamily development in Richmond, VA! 🎉 Designed to reflect the charming, historical essence of the vibrant Scott’s Addition neighborhood, this community offers a peaceful retreat from its lively surroundings with unique amenities like: 🌊 Saltwater pool and cabana area 🎧 Record listening lounge 🌇 Top-floor sky lounge with panoramic views of the city 🍸 Hidden cocktail club, inspired by local speakeasies 🔥 Two courtyards with grilling stations, gaming areas, firepits, and seating 💻 Remote coworking spaces 🐾 Spacious dog park and spa Thank you to our partners KTGY, Kimley-Horn, LandDesign, CID Design Group and Clancy & Theys Construction Company for all of your work in bringing this community to life. This marks another key milestone for Crescent Communities as we expand our presence in Richmond and beyond.

Crescent Communities colleagues recently had the privilege to learn about critical issues facing our education system and how to take action in our community. In August and September, our team supported local education through two impactful initiatives: 📝 A powerful panel on “Education: Challenges and Opportunities in CMS and Beyond,” where we explored innovative solutions and collaborations to improve education in Charlotte. Attendees heard from key community leaders like:  🗣️ Darren Ash from The ROC Charlotte 🗣️ Karen Calder from Classroom Central 🗣️ Ashelyn James from the CMS Foundation 🗣️ Alyssa Sharpe from Digi-Bridge 🗣️ Kenyatta Wheeler, MSW from Communities In Schools of Charlotte Mecklenburg, Inc 📝 Our annual school supply drive through Classroom Central. Thanks to our amazing team and partners, we collected over 3,600 essential items—everything from notebooks to markers—that will equip local students and teachers for success this school year. There’s nothing like the smell of new school supplies to inspire a bright start!

Yesterday, we celebrated the opening of the West Boulevard extension, marking a pivotal milestone in the development of The River District. We appreciate the partnership with the City of Charlotte and the kind words shared by Mayor Vi Lyles at the ribbon-cutting ceremony. The opening of West Boulevard represents a key infrastructural achievement as the Crescent Communities development team advances work on single-family homes, multifamily projects like NOVEL River District, and affordable housing from Laurel Street Residential. Read more about this master-planned community in the Charlotte Business Journal: https://lnkd.in/gktYmHCp

Crescent Communities is pleased to announce that Elizabeth on Seventh is nearly 90% leased! We are excited to welcome nine new businesses to this dynamic retail and office development in Charlotte’s historic Elizabeth neighborhood. Here's a look at our newest tenants: ✨Adams Beverages of NC, LLC ✨Brown Brothers Harriman ✨Luquire ✨Abry Partners ✨The Abundant Power Group ✨Becker Morgan Group ✨Bowman and Brooke ✨Influenceable ✨TurnPoint Services With its stunning design, prime location, and LEED, Fitwell, and WiredScore Platinum certifications, Elizabeth on Seventh is thoughtfully integrated into the commercial core of the neighborhood and the surrounding residential area, making it a go-to destination for both businesses and locals alike. Read more here: https://lnkd.in/ePv4DhWz

Last month, we celebrated the grand opening of NOVEL Ballantyne in Charlotte, NC. 🎉 Our latest multifamily community is designed to create a bespoke living experience in a laid-back suburban setting. NOVEL Ballantyne offers residents a unique living experience that blends artisanal features and community spaces to inspire creativity and serenity. Community Highlights: 🏡 Thoughtfully designed studio, one, and two-bedroom residences 🏡 Proximity to shopping, dining, and recreation opportunities 🏡 Veranda with a putting green On-Site Amenities: 🏋️♂️ State-of-the-art fitness club with TRX® trainers and yoga studio 🌊 Saltwater pool with cabanas and hammocks overlooking a serene pond 🔥 Wine station, coworking spaces, and courtyards with fire pits Thank you to our partners Tifa Gelato, Popbar, Well & Welded, Evergreen Baking, Spirits of Alchemy, Live Grund, HOTWORX, The Plant Man, Trope Bookshop, The Spotted Dog, Nivea Romanini, Mondae Designs, Ari's Body Serum, ISI® Elite Training Franchise Ballantyne, Semper Laser, Bentley’s Buds and Brews, Blackfinn, and King of Fire Pizza for bringing a local flair to our grand opening!