Crescent Communities Breaks Ground on Master-Planned Charlotte Development
Crescent Communities held a ceremonial groundbreaking for The River District, its master-planned development in Charlotte, NC. The project will include more than 5,000 homes and apartments as well as hotels, retirement units, and eight million square feet of commercial space.
The first phase of the project, Westrow, will feature a range of residential offerings including apartments, townhomes and single-family residential lots along with small retail spaces, restaurants, event space and office space. Crescent’s NOVEL brand will anchor Westrow with 514 market-rate apartments as well as 124 mixed-income units in partnership with Charlotte-based affordable housing developer Laurel Street Residential.
“The River District will show our commitment to creating a dynamic and sustainable community for future residents, office tenants, retail owners, and visitors alike,” said Brendan Pierce, president of commercial for Crescent Communities.
Partners for The River District include 505 Design, LandDesign, Thrift Commercial Real Estate Services and Blythe Construction.