Land Close for Transformative Mixed-Use Project, Carson South End
Charlotte, NC – (February 22, 2022) – Crescent Communities, a nationally-recognized, market-leading real estate investor, developer, and operator of mixed-use communities, in partnership with Nuveen Real Estate, today announces the land closing for a forthcoming commercial project: Carson South End. This 31-story mixed-use building is uniquely positioned between the thriving South End neighborhood and Uptown’s Central Business District; both key professional and residential hubs in Charlotte’s metropolitan area.
“With Carson South End, connectivity is at the core of this exciting and transformative new opportunity,” said Sagar Rathie, Managing Director of Office at Crescent Communities’ Commercial business unit. “Office employees, hotel guests, apartment residents, and pedestrians will all find community within the eclectic mix of green space, restaurants, and amenities planned for this highly integrated mixed-use community.”
Anchored at the South Tryon Street and Carson Street intersection, Carson South End is set on three acres and will provide an attractive location for office tenants seeking a convenient South End location with Uptown business sophistication – not to mention incredible skyline views from all floors. With unparalleled walkability to on-site restaurants and retail, other nearby retail offerings, and the Carson Street Blue Line Light Rail Station, both just steps away, Carson South End also offers easy and direct access to major highways I-277 and I-77. The project will boast nearly 560,000 square feet LEED-certified Class A office space, 10,000 square feet of retail space, a 200-key luxury boutique hotel (being developed in partnership with ABC Investments & Management Company), and over 100 multifamily units. Adding to its exceptional convenience, Carson South End will feature design flexibility and unmatched visibility and signage potential for prospective office and retail tenants.
This announcement is the latest in Crescent Communities’ portfolio of over 22MM square feet of office, mixed-use, and industrial developments representing nearly $2.4BN of total investment, cementing their footprint as a leader in the commercial space. Crescent Communities’ Commercial sector currently offers three business lines: Office, Industrial, and Life Science. Beyond this soon-to-be Carson Street project, Crescent Communities’ office and mixed-use developments recently completed or currently under construction in Charlotte include Ally Charlotte Center, Elizabeth on Seventh, and Escent Research Park, among many others.
Key partners involved in the development of Crescent Communities’ Carson South End project include Nuveen Real Estate, Cooper Carry, and LandDesign.
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 69 multifamily communities, 22 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 residential communities are branded NOVEL, RENDER, and HARMON by Crescent Communities.