Crescent Communities Closes on Land for RENDER Weddington Ridge, Introducing its Suburban Multifamily Brand to Charlotte
CHARLOTTE, North Carolina (Jan. 7, 2026): Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities, today announced the land closing at its newest multifamily community, RENDER Weddington Ridge, as part of a joint venture with CP Capital, a leading U.S. real estate investment manager specializing in multifamily investments. Set to include 297 for-rent residences with the first homes delivering in 2027, the community is located off Weddington Road in Concord just north of the I-85 and I-485 interchange. Crescent’s RENDER communities are best-in-class, high-quality suburban multifamily communities with local character.
Offering residents the charm and comfortability of suburban living with convenient proximity to Charlotte’s urban core, RENDER Weddington Ridge provides access to the region’s major retail, entertainment, and dining destinations, including Concord Mills, Charlotte Motor Speedway, Downtown Concord, PNC Music Pavilion, and Charlotte’s bustling University City neighborhood. The community will be situated atop a ridge offering residents panoramic views of the Charlotte skyline. With three stories and a mix of one- and two-bedroom residences, each garden-style building will blend seamlessly with the surrounding landscape, offering residents a tranquil retreat that embraces the serenity of nature.
Additionally, its curated amenities are designed to enhance residents’ lifestyles, fostering a dynamic, social environment. Features will include a 24-hour self-service package center, a state-of-the-art fitness facility, a centrally located lobby and leasing hub, and an inviting club and game room. A café and coworking lounge will offer residents and guests a blend of productivity and relaxation, while expansive outdoor spaces will provide opportunities for al fresco dining, social gatherings, swimming, and leisurely retreats. The community will also feature a fully amenitized dog park.
“Concord’s strong population growth, expanding employment opportunities, and high demand for quality housing made it a natural fit for this new community,” said Michael Tubridy, Crescent Communities’ Senior Managing Director for the Carolinas. “RENDER Weddington Ridge will provide a well-designed, character-rich community at an accessible price point, addressing a critical need in this rapidly growing suburban market.”
RENDER Weddington Ridge marks Crescent Communities’ 21st multifamily investment in the Charlotte region. Most recently, Crescent celebrated the sale of NOVEL Ballantyne and the groundbreaking at NOVEL River District, set to open in early 2026 as part of The River District, Crescent’s 1,400-acre master-planned community in west Charlotte. Its currently leasing multifamily communities in the market include NOVEL University Place, NOVEL Mallard Creek, and HARMON Five Points, and its legacy properties include The Atherton, formerly NOVEL Atherton; MAA LoSo, formerly NOVEL LoSo Station; Pointe at Research Park, formerly NOVEL Research Park; 30Six NoDa, formerly NOVEL NoDa; and Emerson Montford Park, formerly NOVEL Montford Place; amongst many others.
CP Capital and Comerica Bank are the financial partners on the project. “We’re thrilled to continue our partnership with Crescent Communities on this project. Together, we’re meeting the growing demand for high-quality, accessible rental options in the Charlotte region while creating long-term value for our investors and the local community,” said Jay Remillard, Executive Managing Director at CP Capital.
Additional partners include CESO Inc. (civil engineering and land planning), Dwell Design Studio (project design and architecture), Focus Design Interiors (interior design), Crescent Communities Construction (general contractor), and LandDesign (landscape design).
Nationwide, Crescent Communities continues to experience significant growth with $7.2 billion of residential and commercial investments and developments in various stages of construction, operations, and planning. That pipeline includes 15,300 multi- and single-family build-to-rent units; 58,000 square feet of complementary retail space; and 7.5 million square feet of office, industrial, and life-sciences facilities. With a focus on environmental sustainability and wellness, Crescent Communities is a leading recipient of LEED, NGBS (National Green Building Standard), Fitwel, and WELL certifications.
View photos of RENDER properties here.
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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 95 multifamily communities and 26 million square feet of commercial space. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, and Phoenix. Our multifamily communities are branded NOVEL, RENDER, and HARMON by Crescent Communities, our industrial developments are branded AXIAL by Crescent Communities, and our life science developments are branded THE YIELD by Crescent Communities.
About CP Capital:
CP Capital is a highly disciplined U.S. real estate investment manager focused on the multifamily sector. Founded in 1989, the firm has invested in nearly $16 billion of U.S. real estate on behalf of global institutions, family offices and ultra-high net worth individuals. These investments total more than 70,000 residential units and 21 million square feet of commercial space. In-house capabilities of CP Capital also include asset and construction management, capital markets, reporting, and tax structuring expertise. Through its consistent participation in the market over the past three decades, the firm has developed deep relationships across the real estate industry. CP Capital’s primary investment strategy focuses on opportunistic and value-add rental apartment investments with best-in-class joint venture partners in growth markets throughout the U.S., which has resulted in a strong track record of more than 235 realized multifamily fund investments as of June 30, 2025. Visit cpcapitalus.com for more information.
