Crescent Communities and Pearl Street Partners Announce the Groundbreaking of NOVEL Nashville West Multifamily Community

10/15/2018

NASHVILLE (October 15, 2018)– Crescent Communities and Pearl Street Partners have teamed up again to announce plans for their latest multifamily community, NOVEL Nashville West by Crescent Communities. Teams will break ground on the 436-apartment home, 17-acre community this fall and welcome their first residents by spring 2020.  
 
Located just a quick ten-minute drive from the heart of downtown and down the street from a variety of retail shops and restaurants at the Nashville West lifestyle center, NOVEL Nashville West will feature an expansive array of amenities along with creative co-working space. The community, designed to be the social hub of West Nashville, will provide exceptional places to be and things to do to suit every mood. Residents will be able to join friends and neighbors for high-energy fun in the main amenity area, hang out with pets while enjoying outdoor living and play or retreat to the refined, quiet pool and lounge.  
 
“West Nashville is a thriving corridor centrally located amid the area’s major healthcare employers, and we’re eager to develop a NOVEL concept that will complement the fun atmosphere of Nashville and provide residents with premier lifestyle amenities for work and play,” said Benjamin Collins, senior managing director, west region at Crescent Communities. 
 
Apartments at NOVEL Nashville West will be available in studio, one-, two- and three-bedroom layouts ranging from 537 to 1340 square feet. Within the community, residents will have access to exclusive amenities and spaces designed to connect, including a resort-styled pool with cabanas and submerged seating and a ‘gear lounge,’ complete with a kegerator, large TVs, pet washing station and work bench to service outdoor sports equipment. In addition, the community will boast 150 covered parking spaces, a refrigerated package storage center and a state-of-the-art fitness center featuring CrossFit cages and TRX machines.   
 
This will be the fifth community where Crescent Communities and Pearl Street Partners have collaborated.  They have successfully completed multifamily and mixed use communities throughout middle Tennessee, the most recent of which is Novel Bellevue Place located in the vibrant mixed use commercial center of One Bellevue Place.  
 
“Our two companies collaborate so well because our cultures and vision are so similar. We are very excited about our newest community here in west Nashville and are taking our best experiences from our past communities and incorporating them with some of our newest ideas and innovations to create what we believe will be an unparalleled offering for our residents.” said Khris Pascarella Principal of Pearl Street Partners.  “Novel Nashville West will set the bar for our area of town and we believe for most of Nashville.”
 
Crescent Communities currently has 20 multifamily communities under construction or in operation across the U.S. and has been actively investing in the Nashville mixed-use, office and multifamily market for the last two decades. Most recently, Crescent and Pearl Street Partners launched NOVEL Music RowNOVEL Lockwood Glen and NOVEL Bellevue Place. Additionally, Crescent has announced plans for Bigby, a mixed use development that will include 350,000 square feet of Class A office and retail space in the heart of the Cool Springs submarket.  

About Crescent Communities

Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of multifamily, commercial and mixed use communities. Crescent creates high-quality, differentiated communities in desirable locations in many of the fastest growing markets in the Southeast and Southwest. Since the company was founded in 1963, Crescent’s development portfolio has included more than 60 single family master-planned communities,  43 multifamily communities and more than 21 million square feet of commercial space. Its multifamily communities are branded NOVEL by Crescent Communities.