Crescent Communities Announces Plans for Mixed Use, Transit-Oriented Development in Charlotte’s NoDa

01/11/2016

Charlotte, N.C. – The planned 36th Street Lynx Blue Line light rail stop in Charlotte’s North Davidson Arts and Entertainment District is turning in to more than a simple train stop. Crescent Communities is developing a dynamic, transit oriented development that will serve as a gateway to the extended neighborhood thanks to an extended light rail platform, apartment community, locally flavored retail, flexible open plazas and an infusion of the area’s cultural personality. The transformation begins when Crescent starts construction in January.
 
“When people get off the light rail at 36th Street they will immediately experience the essence of the NoDa neighborhood,” said Ben Collins, senior vice president of Crescent Communities’ multifamily group, which expects to open Crescent NoDa in 2017, in line with the opening of the city’s light rail extension.
 
“We are working with the NoDa neighborhood, designers and transit to ensure that we plan the community and activate the 36th Street Station in a way that reflects the Art and Entertainment District’s distinctive personality. We look forward to welcoming walkers, riders and bikers to the living spaces, work places, studios, restaurants and retail of this vibrant neighborhood.”
 
With a careful eye on the preservation of NoDa’s unique culture, Crescent is designing Crescent NoDa to quickly connect thousands of new visitors traveling by light rail to one of Charlotte’s most cherished neighborhoods.
 
“I’m excited about this new development because Crescent actively engaged with community leaders, local business owners, and NoDa neighbors from the earliest design stage like no other developer that we've had the opportunity to work with in the past,” said NoDa Neighborhood and Business Association Vice President Matt Lemere. “They sought our ideas and encouraged honest and open feedback on the project. They clearly hope to create a design that incorporates the spirit of NoDa's current residents while fostering a welcoming environment for those who will move to the neighborhood.”
 
Up to 7,500 square feet of street level retail within the Crescent NoDa apartment community will be tailored to local retailers that reflect the lifestyles and needs of visitors and guests. Sidewalks, the extension of 35th Street, an above-ground parking deck, and an adjacent future commercial development will further enhance connectivity, accessibility and activity of NoDa. The future commercial development – a commercial parcel immediately adjacent to Crescent NoDa – could include a mixed use development with up to 80 feet in height and up to an additional 28,000 square feet of street level retail. Crescent has engaged CBRE to market the parcel.
 
“The commercial parcel connects NoDa’s 36th Street Lynx station to popular North Davidson Street and is perfect in size and location for a wide range of commercial and retail opportunities,” said Michael Tubridy, senior development manager with Crescent Communities.
 
“With its indoor and outdoor transit lounge, parking, retail and expansive public spaces, Crescent NoDa will serve the greater NoDa neighborhood and enhance the ‘live, work, play’ experience of the future commercial development,” Tubridy said.
 
Crescent NoDa, which will commission local artists to create interior and exterior artwork and sculptures for the community, will have flexible public spaces. With the ability to close off the new street to vehicular traffic, Crescent NoDa’s expansive open space can bring the community together for food truck festivals, Farmer’s Markets, small concerts and gallery crawls.
 
Those who live at Crescent NoDa also will have access to modern conveniences and customized amenities, such as an outdoor terrace with views of Uptown, dog wash, resident workshop, club room, fitness center, and private courtyards with pool, grilling area, green space and fire pits.  
 
Reflecting the neighborhood’s diverse culture, the 344 studio, one- and two-bedroom apartments are designed for every personality with choices in open and flexible floor plans, and unit personalization. Exterior design elements complement the area’s historic and eclectic homes and buildings with looks of tumbled brick, corrugated metal and glass.
 
“Crescent NoDa enhances the neighborhood’s distinct culture and vibe,” said Crescent Development Manager Katie Maloomian. “From its active streetscape to its walkability from the light rail Station to N. Davidson, and flexible amenity areas to adaptive unit features, Crescent NoDa is a living experience at the gateway to the thriving NoDa Arts and Entertainment District.”
 
The architect for Crescent NoDa is Lord Aeck Sargent, and Land Design is providing landscape architecture. Interior design is by Charlotte-based Vignette Interior Design, which is a long-time design partner for Crescent Communities throughout the country. Crescent NoDa is financed with an equity investment by Crescent Communities and the lenders are Synovus Bank and Citizens Bank.
 
The ground breaking ceremony will take place January 27, 2015 at 5:00 p.m. at the development site. Neighbors and guests are welcome to attend the ceremony. 

About Crescent Communities

Founded in 1969 in Charlotte, Crescent Communities is a diversified real estate investment, development and operating company dedicated to enhancing the quality of life for people through sustainable multifamily, single family and commercial / mixed-use communities and responsible land management. Crescent’s portfolio today includes 18 master-planned communities, including its signature Palmetto Bluff community, as well as 10 active multifamily projects with 3,500 units under construction or stabilized and 18 multifamily projects in planning/pre-development totaling ~5,400 units. The company owns and manages approximately ~40,000 acres, including ~1,300 acres zoned for commercial / mixed-use.