CHARLOTTE, NC (November 15, 2021) – Crescent Communities is pleased to announce the expansion of its Charlotte footprint with the construction of a new multifamily community, NOVEL Ballantyne, this month. The development will be in Charlotte’s Ballantyne neighborhood, located at 15825 Marvin Road, 13 miles south of the city’s central business district.
“NOVEL Ballantyne is part of a master-planned residential community bringing a mix of new housing options, including market-rate and age-restricted affordable apartment homes, as well as townhomes for rent,” said Michael Tubridy, Managing Director of Multifamily Development for the Carolinas and Tennessee at Crescent Communities. “The community is directly adjacent to two existing retail centers featuring Sprouts and Publix grocery stores, restaurants and office space, along with other convenience retail and neighborhood services.”
Construction for NOVEL Ballantyne is anticipated to begin later this month with first units slated to be delivered, along with the leasing office, in March 2023.
Design partners include architecture firm 505 Design, landscape architect and civil engineer LandDesign, interior designer Vignette, MEP engineer McVeigh + Mangum, and structural engineer Ellinwood + Machado.
Each aspect surrounding NOVEL Ballantyne demonstrates Crescent Communities’ commitment to creating a one-of-a-kind community that feels like home and celebrates a life filled with quality, excitement, beauty, inspiration, and discovery. Coined as a bespoke “Residential Atelier,” NOVEL Ballantyne will bring curated design and artful experiences to life for residents.
Complete with unique architectural styling and landscape design, NOVEL Ballantyne will consist of three five-story buildings, totaling 285 homes made up of a mix of studios, 1- and 2-bedroom plans. Onsite amenities include a large clubroom with work-from-home spaces, fitness center, outdoor social lawn, active lawn, dog park, gathering spaces, and resort pool with covered lounge spaces.
The development of NOVEL Ballantyne underscores Crescent Communities’ anticipated return to the Ballantyne area, which has experienced noticeable growth over the years and is known for its luxury real estate, shopping, dining, and recreation opportunities. NOVEL Ballantyne is Crescent Communities’ 14th multifamily investment in the Charlotte market, where the company also is headquartered. In addition, NOVEL LoSo Station is now leasing, and NOVEL University Place recently broke ground. More broadly, Crescent Communities continues to experience significant growth with $6.0 billion of multifamily and commercial investments and developments currently under construction, operations and planning including 13,000 units of multifamily, 260,000 square feet of complementary retail and 8.0 million square feet of office, industrial and life-sciences. With a focus on sustainable development practices, the organization pursues USGBC LEED certification for commercial spaces and NGBS certification for multifamily residences.
Additional details surrounding the communities will be announced at a later date. A rendering is available here. Forthcoming imagery and logos 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 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.