CRESCENT COMMUNITIES ANNOUNCES CONSTRUCTION OF CREATIVE OFFICE IN UNIVERSITY RESEARCH PARK

  • 10/17/2019

Charlotte, NC - (October 17, 2019) – Crescent Communities today announced plans for a 4-story 158,000 square foot Class-A creative office community in University Research Park.

Escent Research Park by Crescent Communities is located near the intersection of West Mallard Creek Church Road and David Taylor Drive in Charlotte’s University submarket.  The community will offer 158,000 sq. ft. of creative office space and feature an expansive lobby with two-story atrium, a comprehensive building amenity package, abundant green space and activated open outdoor gathering areas. With a focus on sustainability, wellness, and connectivity, Crescent Communities is pursuing related certifications including LEED, Fitwel and WiredScore. Situated on 20 acres, the community is located one mile from Interstate 85, providing easy access to Interstates 485 and 77.  

“We see a void in the marketplace for first generation creative office space in the growing University Research Park area of Charlotte,” said Sagar Rathie, Vice President with the Commercial business for Crescent Communities. “Escent Research Park will provide a dynamic working environment that fosters connection, collaboration, and creativity in the second largest employment center within our region.”

Crescent Communities previously developed five office communities in the University Research Park, as well as three multifamily communities totaling nearly 1,150 residences.

Site work commenced in October 2019, with an anticipated delivery in early 2021. BB+M Architecture is the project architect and ColeJenest & Stone is the civil engineer. Choate Construction has been selected as the general contractor.

Crescent Communities has awarded the leasing assignment for Escent Research Park to Joe Franco and Stephanie Spivey of CBRE.

Todd Mansfield, CEO of Crescent Communities, noted the company’s active commercial development portfolio, including two additional office-centric, mixed-use communities in Charlotte: Ally Charlotte Center, a 26-floor mixed-use office tower and a 5-star, 381-room JW Marriott is currently under construction in uptown Charlotte and slated to deliver in the first half of 2021. 101 North Tryon is a 20-story Class-A office tower located in the heart of Charlotte’s central business district and is currently undergoing capital improvements. Also under construction are a number of significant industrial projects consisting of more than 1 million sf across the Southeast.

About Crescent Communities

Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. Crescent Communities creates high-quality, differentiated multifamily and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 57 multifamily communities, 20 million square feet of commercial space and 60 single family master-planned communities. Its multifamily communities are branded NOVEL by Crescent Communities.

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