Nashville, TN (June 15, 2021) – Crescent Communities is pleased to announce the grand opening event for NOVEL West Nashville, located just a short drive from the city’s bustling downtown. The event, in partnership with Pearl Street Partners, will be held on Wednesday, June 16 at 6pm, and will feature a ribbon cutting ceremony, live music, food & beverage offerings, and a volleyball tournament.
“We are thrilled to host the official grand opening for NOVEL West Nashville and have seen an exciting level of interest from the community and prospective residents,” said Ben Collins, Executive Managing Director for the East Region of Crescent Communities. “We are pleased to share that we’ve reached close to 65% occupancy in just a short amount of time, and we look forward to welcoming more residents to this vibrant social hub in the coming months.”
Located 10 minutes from the heart of downtown and down the street from a variety of retail shops and restaurants, NOVEL West Nashville features an array of desirable amenities along with creative co-working spaces. The community, designed to be the social hub of West Nashville, provides residents a place to join friends and neighbors for high-energy fun in the main amenity area, spend time with pets while enjoying outdoor living, retreat to the refined, pool and lounge, or grab a beverage at the popular onsite retail offering, LTH Coffee and Social, which transitions from a café and workspace during the day to a lounge and gathering space in the evenings.
Featuring 435 residences, NOVEL West Nashville’s residents have the choice between studio, one-, two-, and three-bedroom apartment homes, accompanied by the “urban suburban” architectural backdrop. Within the community, residents have access to exclusive amenities and spaces designed to connect, including a resort-styled pool with cabanas and submerged seating, a ‘gear lounge,’ complete with a kegerator, large TVs, pet washing station, and a “makers” work bench to service outdoor sports equipment. In addition, the community boasts 150 covered parking spaces, a refrigerated package storage center, and a state-of-the-art fitness center featuring a TRX bridge, Peloton bikes, and Matrix equipment.
“We are excited to officially open the doors of NOVEL West Nashville in partnership with Crescent Communities,” said Khris Pascarella, Principal of Pearl Street Partners. “The combination of high-end amenities and our unparalleled passion for creating resort-style living at NOVEL West Nashville has allowed us the opportunity to create a top-notch experience for residents. We look forward to Wednesday’s grand opening and the continued positive impact NOVEL West Nashville brings to the community.”
Project partners for NOVEL West Nashville included Summit Contracting Group of Jacksonville serving as the general contractor and Atlanta-based Dwell Design Studio serving as the architect. Additional design partners include interior designer CID, Kimley Horn civil engineers and landscape design firm Edge.
For the last two decades, Crescent Communities has been actively investing in the Nashville mixed-use, office, and multifamily market and continues to be one of the largest developers in Nashville with over 2,236 multifamily units and 3.0MM SF of office developed and a total investment of $764.5 million. This will be the seventh multifamily community where Crescent Communities and Pearl Street Partners have collaborated. They have successfully completed multifamily and mixed-use communities throughout middle Tennessee, including Crescent Cool Springs, NOVEL Lockwood Glen, NOVEL Music Row, and NOVEL Bellevue Place. NOVEL Harpeth Heights is set to break ground this week, and NOVEL Edgehill is currently under construction.
Crescent Communities continues planning for Bigby, a mixed-use development that will include up to 350,000 square feet of Class A office and retail space and 330 planned multifamily units in the heart of the Cool Springs submarket. Crescent Communities has a longstanding history of development in Cool Springs, with One Corporate Centre being the first community developed there by Crescent Communities in 1997.
Photos available here. Imagery and logos of NOVEL West Nashville are 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 residential and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 63 multifamily communities, 21 million square feet of commercial space and 60 single family master-planned communities. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our multifamily communities are branded NOVEL by Crescent Communities.
About Pearl Street Partners
Pearl Street was started in 2005 by Khris Pascarella, a development professional with 30+ years of experience creating communities throughout the southeast United States. Since the company’s beginning, Pearl Street has contributed to the planning, construction and completion of over 800 million dollars of real estate investments in the Nashville metropolitan area.