CRESCENT COMMUNITIES HOSTS OFFICIAL GROUNDBREAKING FOR MULTIFAMILY COMMUNITY IN NASHVILLE'S BELLEVUE NEIGHBORHOOD

  • 06/15/2021

Nashville, TN (June 15, 2021)Crescent Communities proudly announces the groundbreaking of a new multifamily community in Nashville’s Bellevue neighborhood in partnership with Pearl Street Partners of Brentwood. NOVEL Harpeth Heights by Crescent Communities will include 322 residences and is located just 15 minutes from downtown Nashville. The groundbreaking will be held today, June 15 at 5 p.m. CT.

NOVEL Harpeth Heights will set a new standard for luxury in Bellevue. The community will consist of four residential buildings with elevators and conditioned corridors, inclusive of a variety of studios, one-, two-, and three-bedroom apartment homes. Crescent Communities and local development partner Pearl Street Partners purchased the property in January 2021. Preleasing will begin in early 2022, with first residences available in spring 2022.

“We look forward to breaking ground on NOVEL Harpeth Heights, a community that will enhance Nashville’s growing market and the desirability of the Bellevue neighborhood,” said Ben Collins, Executive Managing Director for Crescent Communities’ East Region. “Not only is NOVEL Harpeth Heights close to downtown, top shopping and restaurants, and I-40, but the community will raise the bar for residential quality and experience in Bellevue, continuing to establish this as one of the premier suburban submarkets in Nashville.”

“NOVEL Harpeth Heights marks our third community on the west side of Nashville in five years,” said Khris Pascarella, Principal of Pearl Street Partners. “The area continues to be a sought-after destination to live, work, and play, and we are excited to provide residents with a truly differentiated upscale living experience within this community.”

The vision for the community’s design centers around the idea of “Tennessee Heritage,” and was inspired by the history and rural architecture found in and around the Middle Tennessee area. The main clubhouse will resemble a country farmhouse with modern luxury with outdoor spaces and lap pools that lend to entertainment and leisure for NOVEL Harpeth Heights’ residents. The community will also feature a state-of-the-art fitness and movement studio, game room patio with fire pit, dog spa, gear lounge, library, business center with micro-offices, demonstration kitchen with bar and dining lounge, and a dog park. Design and construction partners include HEDK Architects, 906 Studio Architects, SJL Design Group, 505 Design, EDGE, Barge Cauthen & Associates, and McShane Construction. Construction financing will be provided by CIT Bank.

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 NOVEL Lockwood Glen, NOVEL Music Row, and NOVEL Bellevue Place. NOVEL West Nashville is now leasing, 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.

A rendering is available here. Imagery and logos of NOVEL Harpeth Heights 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 multifamily 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.