CRESCENT COMMUNITIES WELCOMES FIRST RESIDENTS IN CHARLOTTE'S THRIVING MONTFORD PARK NEIGHBORHOOD

  • 04/16/2019

CHARLOTTE - (April 16, 2019) – Crescent Communities today welcomed the first residents home to NOVEL Montford Park by Crescent Communities. Featuring distinct mid-century design elements that reflect the architecture of the surrounding area including Park Road Shopping Center,  NOVEL Montford Park is designed to be a luxury retreat. While the style is distinctly mid-century, the amenities are contemporary and extensive in this community, which offers “Life, styled.”

NOVEL Montford Park is conveniently located only minutes from the heart of Southpark, and less than a half mile from Park Road Shopping Center.  The community features 337 apartment homes, 16,000 square feet of retail space fronting Park Road, and is within walking distance to the city’s planned 1.5-mile extension of the Cross Charlotte Trail. Its ideal location provides residents easy access to an abundance of established shopping and dining destinations on Park Road, Montford Drive, and at the Southpark Mall.

“NOVEL Montford Park is ideally situated to showcase Crescent’s approach of bringing distinctively crafted living opportunities to locations that feature the walkable amenities our residents are looking for. With more than fifty restaurants, retail shops, exciting nightlife, entertainment venues, parks and greenways, Montford Park has it all,” said Michael Tubridy, Managing Director of the Carolinas for Crescent Communities. “We are pleased to offer residents an array of unique amenities in a remarkable new mixed-use community right here in our hometown of Charlotte.”

 

NOVEL Montford Park offers resort-inspired amenities including an outdoor “Oasis” with a salt-water pool, chaise lounge shelf, and private cabanas with TVs. Additional outdoor offerings include a B-Cycle station, trellis patio with grill area, fire-pits, roofdeck terrace with indoor gathering space, and multi-function game lawn featuring badminton. The onsite fitness center, “Mod Movement,” includes cardio, weights, Peloton bikes, and Fitness-On-Demand options. The “Atomic” telework room is available for residents who wish to work from home in a café-style setting.  A truly unique amenity, the top level of the parking garage is reserved for drive-in movies at “Cosmic Theater.”   A pet-friendly community, residents can spend time with their canine companions in the “Bark-and-Brew” hang, which includes beer-garden style seating where pet owners can enjoy a beverage while their dogs are entertained in the dedicated small- and large-breed dog areas.

KTGY Architecture led the development of the inspired mid-century modern design at NOVEL Montford Park. Multifamily leasing is being managed by Greystar. Adam Williams with Legacy Real Estate Advisors is managing retail leasing in the development.

NOVEL Montford Park is one of five multifamily communities the company has under construction or in lease-up in Charlotte, totaling more than 1,700 units, all with a focus on access to walkable mixed-use and retail offerings. Both NOVEL Stonewall Station and NOVEL NoDa are located near Uptown Charlotte and are approaching stabilization. NOVEL Research Park in the University Area is leasing.  NOVEL Atherton in South End will be preleasing in Spring 2019. More broadly, the company has a growing multifamily footprint, including 6,400 units under construction and in operations, representing a total investment of $1.6 billion.

About Crescent Communities

Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of multifamily, commercial and mixed-use communities. Crescent creates high-quality, differentiated communities in desirable locations in many of the fastest growing markets in the Southeast and Southwest. Since the company was founded in 1963, Crescent’s development portfolio has included more than 60 single family master-planned communities, 43 multifamily communities and nearly 21 million square feet of commercial space. Its multifamily communities are branded NOVEL by Crescent Communities. For more information, visit www.crescentcommunities.com