Crescent Communities Expands Nashville Presence with Land Closing at NOVEL Richland Creek
NASHVILLE, Tennessee (Jan. 7, 2025): Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities, today announced the land closing at NOVEL Richland Creek, a new multifamily community in West Nashville. Featuring 277 apartment homes and 4,800 square feet of ground-floor retail space, NOVEL Richland Creek will offer a distinctive residential experience that celebrates creativity, wellness, and connection to nature.
The five- to seven-story community places residents at the center of one of Nashville’s most dynamic and desirable neighborhoods, offering immediate access to Richland Creek Greenway, Belle Meade, and Sylvan Park, all while being within minutes of major employment centers such as Vanderbilt University, Ascension Saint Thomas West, and Nashville State Community College.
Adjacent to the established Trader Joe’s in Lions Head Village, NOVEL Richland Creek will feature activated ground-floor retail that builds upon the existing infrastructure. Lions Head Village will undergo a series of future enhancements – including a new parking deck, traffic signal, expanded sidewalks, upgraded landscaping, new signage, and other connectivity improvements – that will transform it from a traditional shopping center into a vibrant mixed-use community.
Strategically located near the intersection of White Bridge Pike and Harding Road in Lion’s Head Village, NOVEL Richland Creek is part of Stockbridge Capital Group’s long-term vision to enhance and reimagine the shopping center. As NOVEL Richland Creek is built, Lion’s Head Village will be enhanced with a new parking deck near Trader Joe’s, a traffic signal, and connectivity with sidewalks, landscaping, and more.
“NOVEL Richland Creek will bring a fresh, inspired living experience to one of West Nashville’s most special settings, nestled alongside the Richland Creek Greenway – just four miles from downtown yet surrounded by refined neighborhoods and recreation opportunities,” said Simcha Ward, Director of Development at Crescent Communities. “This community is designed for creators and doers, our residents who seek balance between everyday responsibility and living life to the fullest. From our maker space and wellness suite to our book club room and greenway trailhead, NOVEL Richland Creek will be a place that both fuels and recharges their passions.”
Inspired by the energy and individuality of Nashville’s residents, NOVEL Richland Creek will deliver studio, one-, two-, and three-bedroom apartment homes with high-end finishes and functional layouts. The building’s design embraces Crescent’s hallmark attention to local detail, offering spaces that are both beautiful and practical. Planned community amenities include:
- Lobby and leasing area with a café and wine bar
- Café patio and private dining terrace
- Access to an extension of the four-mile Richland Creek Greenway and its new trailhead
- Communal courtyard for social gatherings
- Maker space for hands-on projects and artistic pursuits
- Wellness suite featuring a sauna and salt den
- Fitness studio, music room, and book club room
- Library and coworking spaces for remote work and quiet reflection
- Rooftop pool with fire pit and outdoor kitchen
- Private garden with a back porch and linear lawn
NOVEL Richland Creek builds on Crescent Communities’ strong presence in the Nashville metropolitan area. The company’s legacy communities include NOVEL Edgehill, NOVEL Harpeth Heights, NOVEL West Nashville, NOVEL Music Row, NOVEL Bellevue Place, NOVEL Lockwood Glen, and Crescent Cool Springs. Additional communities under construction include RENDER Manchester Farms in Murfreesboro and HARMON West Meade, further expanding Crescent’s multifamily footprint across the region. Crescent’s residential offerings include three distinct brands tailored to diverse lifestyles and locations: NOVEL, focused on luxury residences in urban environments; HARMON, dedicated to build-to-rent communities; and RENDER, which delivers high-quality, suburban multifamily communities with local character.
Stockbridge Capital Group is the investment partner for the community and J.P. Morgan is the lender. Additional partners include KTGY (architect), ESG (interior design), EM Structural (structural engineer), Lighthouse Engineering (MEP engineer), Barge Civil Associates (civil engineering), and Hawkins Partners (landscape architect).
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 renderings of NOVEL Richland Creek here.
###
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.
