• 12/15/2020

Cary, NC (December 15, 2020)Crescent Communities announced today the purchase of 14 acres of land on Petty Farm Road in Cary, NC, which was negotiated with Triangle Forest Products Inc. The land will be developed into a luxury multifamily community, NOVEL Cary, which will break ground this month. The first units are slated for delivery in spring 2022.

Situated with easy access to existing retail, commercial, hospitality, and residential offerings, including Research Triangle Park, NOVEL Cary will have 320 residential units, spread across four wood-framed buildings that feature elevators and conditioned corridors. An additional six townhomes will be split amongst three carriage houses above garages.

Inspired by Cary’s rich culinary culture, the community’s design will center around the idea of food being a conduit for connection among residents.

“All of our residences at NOVEL Cary are designed with the epicurean in mind,” said Ashley Peterson, Director of Development at Crescent Communities. “Each unit will offer elevated culinary amenities such as wi-fi enabled smart ranges, significant storage space in the refrigerators, pantry, and cabinets, as well as functional and beautiful cooking and eating spaces. Our goal is to allow our residents to experience the kind of space that is usually reserved for homeowners.”

In addition to the individual residence amenities, the community spaces will be designed around the joys of culinary creation. An industrial grade cooking kitchen will be the focal point of the main amenity space, with a cocktail lounge, coffee and hospitality bar, equipment share station, and more. Exterior amenities include shared planting beds for community gardening, outdoor kitchen and dining pavilions, as well as a heated saltwater pool and star gazing terrace.

A rendering for NOVEL Cary can be found here. Additional details available upon request.

About Crescent Communities
Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create 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 59 multifamily communities, 21 million square feet of commercial space and 60 single family master-planned communities. Headquartered in Charlotte, Crescent Communities has regional offices in Washington, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our multifamily communities are branded NOVEL by Crescent Communities.