Press

PRESS

Stay up-to-date about what’s happening at Crescent Communities

Crescent Communities Breaks Ground on NOVEL River District

CHARLOTTE, North Carolina – (Nov. 11, 2024): Crescent Communities, a nationally recognized market-leading real estate investor, developer, and operator of mixed-use projects, officially celebrated the start of construction on the 318-unit NOVEL River District, a Class-A multifamily community within The River District, a 1,400-acre master-planned community in West Charlotte. Set to welcome residents in early 2026, NOVEL River District marks the first vertical construction and residential offering within the master plan. NOVEL River District was made possible by the Crescent Communities Real Estate Opportunities Fund (CREOF), the first in a series of funds that Crescent Communities will sponsor to fund the development and investment in real estate across its investment platforms. The construction debt financing was provided by UMB Bank.

Crescent Communities Announces Land Closing for Fourth RENDER Property in the Atlanta Market: RENDER Douglasville

Crescent Communities Announces Land Closing for Fourth RENDER Property in the Atlanta Market: RENDER Douglasville

Crescent Communities Named 2024 NAIOP Developer of the Year

Crescent Communities Named 2024 NAIOP Developer of the Year

Globally Inspired Apartment Community NOVEL Val Vista Celebrates Grand Opening

Globally Inspired Apartment Community NOVEL Val Vista Celebrates Grand Opening

Luxury Apartment Community with Local Flair NOVEL Scott’s Addition Celebrates Grand Opening

Luxury Apartment Community with Local Flair NOVEL Scott’s Addition Celebrates Grand Opening

Crescent Communities Celebrates Major Phase in The River District Development with New West Boulevard Corridor

Crescent Communities Celebrates Major Phase in The River District Development with New West Boulevard Corridor

Crescent Communities’ Elizabeth on Seventh Announces Near Complete Lease-Up with Nine New Commercial Tenants in Charlotte Urban Mixed-Use Destination

Crescent Communities’ Elizabeth on Seventh Announces Near Complete Lease-Up with Nine New Commercial Tenants in Charlotte Urban Mixed-Use Destination

Crescent Communities Begins Construction on Build-to-Rent HARMON West Meade

Crescent Communities Begins Construction on Build-to-Rent HARMON West Meade

AXIAL Industrial by Crescent Communities Announces Continued Lease-Up at AXIAL Crosspoint

AXIAL Industrial by Crescent Communities Announces Continued Lease-Up at AXIAL Crosspoint

Crescent Communities Celebrates Multifamily Community NOVEL Nona

Crescent Communities Celebrates Multifamily Community NOVEL Nona

Crescent Communities Announces Sale of Denver Multifamily Community to Equity Residential

Crescent Communities Announces Sale of Denver Multifamily Community to Equity Residential

Crescent Communities Announces First Phase Single-Family Homebuilders, New NOVEL Multifamily Development for The River District

Crescent Communities Announces First Phase Single-Family Homebuilders, New NOVEL Multifamily Development for The River District

Crescent Communities Named NAIOP 2024 Developer of the Year

Crescent Communities Named NAIOP 2024 Developer of the Year

NOW OPEN: NOVEL Beach Park by Crescent Communities

NOW OPEN: NOVEL Beach Park by Crescent Communities

Crescent Communities and Heitman Announce Joint Venture Partnership Under Crescent’s HARMON Portfolio

Crescent Communities and Heitman Announce Joint Venture Partnership Under Crescent’s HARMON Portfolio

Crescent Communities’ First-Ever Happy Givemore Invitational Raises Over $100,000 for Construction Career Mentorship, Programming at The ROC Charlotte

Crescent Communities’ First-Ever Happy Givemore Invitational Raises Over $100,000 for Construction Career Mentorship, Programming at The ROC Charlotte

Land Of A Thousand Hills Coffee & Social Now Open at NOVEL Edgehill

Land Of A Thousand Hills Coffee & Social Now Open at NOVEL Edgehill

Crescent Communities Completes Construction of Built-to-Suit Industrial Development for Structural Building Solutions

Crescent Communities Completes Construction of Built-to-Suit Industrial Development for Structural Building Solutions

Crescent Communities Continues Atlanta Growth with Opening of RENDER Covington, Activity Across Four Other Atlanta Properties

Crescent Communities Continues Atlanta Growth with Opening of RENDER Covington, Activity Across Four Other Atlanta Properties

Crescent Communities Completes Construction of Goodwill Industries build-to-suit facility at AXIAL Southgate 77

Crescent Communities Completes Construction of Goodwill Industries build-to-suit facility at AXIAL Southgate 77

Crescent Communities Completes Construction of AXIAL Crosspoint’s Three Buildings

Crescent Communities Completes Construction of AXIAL Crosspoint’s Three Buildings

Crescent Communities Begins Construction on AXIAL Midway 321

Crescent Communities Begins Construction on AXIAL Midway 321

One Independence Center Rounds Out Retail Leasing, Ends 2023 with over 100,000 Square Feet Leased

One Independence Center Rounds Out Retail Leasing, Ends 2023 with over 100,000 Square Feet Leased

Crescent Communities Announces the Sale of NOVEL Turtle Creek to Goldrich Kest

Crescent Communities Announces the Sale of NOVEL Turtle Creek to Goldrich Kest

NOW OPEN: NOVEL West Midtown by Crescent Communities

NOW OPEN: NOVEL West Midtown by Crescent Communities

One University Place Attracts and Retains Top-Tier Tenants

One University Place Attracts and Retains Top-Tier Tenants

Monarch Market Celebrates Grand Opening As Uptown Charlotte's Elevated Culinary Experience

Monarch Market Celebrates Grand Opening As Uptown Charlotte's Elevated Culinary Experience

Crescent Communities Placemaking Continues at Award-Winning Mixed-Use Building

Crescent Communities Placemaking Continues at Award-Winning Mixed-Use Building

Now Open: NOVEL Daybreak by Crescent Communities

Now Open: NOVEL Daybreak by Crescent Communities

Crescent Communities Announces Opening Date, Additional Vendors at Monarch Market

Crescent Communities Announces Opening Date, Additional Vendors at Monarch Market

Crescent Communities Announces the Sale of Two Communities to TA Realty

Crescent Communities Announces the Sale of Two Communities to TA Realty

NOW OPEN: NOVEL White Fence Farm by Crescent Communities

NOW OPEN: NOVEL White Fence Farm by Crescent Communities

Now Leasing: NOVEL Ballantyne by Crescent Communities

Now Leasing: NOVEL Ballantyne by Crescent Communities

Monarch Market Announces Cocktail Bars and Additional Food Stall Vendors

Monarch Market Announces Cocktail Bars and Additional Food Stall Vendors

Axial Industrial by Crescent Communities Announces the Start of Construction of Axial Rapid Commerce

Axial Industrial by Crescent Communities Announces the Start of Construction of Axial Rapid Commerce

Monarch Market Announces First Food & Beverage Concepts

Monarch Market Announces First Food & Beverage Concepts

Officially Open: NOVEL Harpeth Heights by Crescent Communities

Officially Open: NOVEL Harpeth Heights by Crescent Communities

Now Open: NOVEL University Place

Now Open: NOVEL University Place

Crescent Communities Hosts Groundbreaking for New Multifamily Community in the Triangle

Crescent Communities Hosts Groundbreaking for New Multifamily Community in the Triangle

AXIAL Industrial by Crescent Communities Announces Significant Progress at AXIAL Gateway 95 and AXIAL Bonds Farm

AXIAL Industrial by Crescent Communities Announces Significant Progress at AXIAL Gateway 95 and AXIAL Bonds Farm

Crescent Communities Hosts Ceremonial Groundbreaking for The River District

Crescent Communities Hosts Ceremonial Groundbreaking for The River District

Crescent Communities Announces New Restaurant Tenant at Elizabeth on Seventh

Crescent Communities Announces New Restaurant Tenant at Elizabeth on Seventh

Crescent Communities Announces Award-Winning Restaurant Tenant at NOVEL RiNo

Crescent Communities Announces Award-Winning Restaurant Tenant at NOVEL RiNo

Crescent Communities Commemorated Groundbreaking for Multifamily and Build-To-Rent Communities in South Sarasota

Crescent Communities Commemorated Groundbreaking for Multifamily and Build-To-Rent Communities in South Sarasota

Crescent Communities and Nuveen Real Estate Announce Construction Start for New Food Hall, Monarch Market, at One Independence Center

Crescent Communities and Nuveen Real Estate Announce Construction Start for New Food Hall, Monarch Market, at One Independence Center

Crescent Communities and Nuveen Real Estate Break Ground on Phase 2 of THE YIELD Holly Springs

Crescent Communities and Nuveen Real Estate Break Ground on Phase 2 of THE YIELD Holly Springs

Crescent Communities Celebrates 60 Years Of Excellence Without Exception

Crescent Communities Celebrates 60 Years Of Excellence Without Exception

Crescent Communities and Project Destined Announce Expanded Strategic Partnership to Provide Mentorship and Opportunity to Students in Charlotte

Crescent Communities and Project Destined Announce Expanded Strategic Partnership to Provide Mentorship and Opportunity to Students in Charlotte

Crescent Communities Begins Renovations on SouthCourt Building

Crescent Communities Begins Renovations on SouthCourt Building

Crescent Communities Announces Life Science Brand, THE YIELD, Celebrates Key Milestones at North Carolina Project

Crescent Communities Announces New Multifamily Development in Washington, D.C.

Crescent Communities Announces New Multifamily Development in Washington, D.C.

HARMON Five Points Leasing Soon

HARMON Five Points Leasing Soon

Crescent Communities Announces Sale of Multifamily Community in Washington, D.C.

Crescent Communities Announces Sale of Multifamily Community in Washington, D.C.

Crescent Communities Completes Construction of Phase 1 at THE YIELD Holly Springs

Crescent Communities Completes Construction of Phase 1 at THE YIELD Holly Springs

Crescent Communities and Sumitomo Forestry America, Inc. Announce New Manufacturing and Distribution Project in North Carolina

Crescent Communities and Sumitomo Forestry America, Inc. Announce New Manufacturing and Distribution Project in North Carolina

Crescent Communities Unveils New Details on Carson & Tryon, Its Newest Transformative Mixed-Use Community

Crescent Communities Unveils New Details on Carson & Tryon, Its Newest Transformative Mixed-Use Community

Now Open: NOVEL Midtown

Now Open: NOVEL Midtown

Crescent Communities Breaks Ground on New Multifamily Community in Tampa

Crescent Communities Breaks Ground on New Multifamily Community in Tampa

AXIAL Industrial By Crescent Communities Announces Land Closing at AXIAL Southgate 77

AXIAL Industrial By Crescent Communities Announces Land Closing at AXIAL Southgate 77

Crescent Communities Hosts Groundbreaking Event for Build-to-Rent Communities in Charlotte

Crescent Communities Hosts Groundbreaking Event for Build-to-Rent Communities in Charlotte

NOW OPEN: LTH Coffee & Social at NOVEL Midtown Atlanta

NOW OPEN: LTH Coffee & Social at NOVEL Midtown Atlanta

Now Open: NOVEL Turtle Creek

Now Open: NOVEL Turtle Creek

Crescent Communities Announces Sale of a Multifamily Community in Charlotte

Crescent Communities Announces Sale of a Multifamily Community in Charlotte

Crescent Communities Hosts Ceremonial Groundbreaking for Multifamily Community in Tampa’s Beach Park Neighborhood

Crescent Communities Hosts Ceremonial Groundbreaking for Multifamily Community in Tampa’s Beach Park Neighborhood

Crescent Communities Announces New Multifamily Community in the Triangle

Crescent Communities Announces New Multifamily Community in the Triangle

One Independence Center Welcomes The Bank Of London To Charlotte

One Independence Center Welcomes The Bank Of London To Charlotte

One Independence Center Welcomes Stays By Walker

One Independence Center Welcomes Stays By Walker

Crescent Communities’ First Multifamily Community in Richmond Officially Breaks Ground

Crescent Communities’ First Multifamily Community in Richmond Officially Breaks Ground

Crescent Communities And KB Venture Partners Announce Transformation of Alpharetta's Historic Bailey- Johnson School

Crescent Communities And KB Venture Partners Announce Transformation of Alpharetta's Historic Bailey- Johnson School

Crescent Communities And Nuveen Real Estate Turn To The Spectrum Cos. To Manage Leasing Of Carson & Tryon Mixed-Use Development In Charlotte’s South End

Crescent Communities And Nuveen Real Estate Turn To The Spectrum Cos. To Manage Leasing Of Carson & Tryon Mixed-Use Development In Charlotte’s South End

Crescent Communities Announces Two New Retail Tenants at NOVEL Edgehill

Crescent Communities Announces Two New Retail Tenants at NOVEL Edgehill

Axial Industrial By Crescent Communities Announces Construction Start At Axial Crosspoint And Axial 301 Manatee

Axial Industrial By Crescent Communities Announces Construction Start At Axial Crosspoint And Axial 301 Manatee

Crescent Communities Announces Sale of Multifamily Community In Orlando

Crescent Communities Announces Sale of Multifamily Community In Orlando

Crescent Communities and Pretium Announce Second Harmon Build-To-Rent Community In Growing Charlotte Market

Crescent Communities and Pretium Announce Second Harmon Build-To-Rent Community In Growing Charlotte Market

Crescent Communities Announces the Sale of Novel Midtown Tampa to CBRE Investment Management Fund

Crescent Communities Announces the Sale of Novel Midtown Tampa to CBRE Investment Management Fund

Crescent Communities and ParkProperty Capital Announce New Multifamily Community In Richmond

Crescent Communities and ParkProperty Capital Announce New Multifamily Community In Richmond

Crescent Communities To Develop Novel Independence Park In Tampa, Florida With CP Capital US

Crescent Communities To Develop Novel Independence Park In Tampa, Florida With CP Capital US

Crescent Communities And Oxford Properties Group Announce New Luxury Multifamily Community In Denver

Crescent Communities And Oxford Properties Group Announce New Luxury Multifamily Community In Denver

New Multifamily Community in the Beach Park Neighborhood Of Tampa

New Multifamily Community in the Beach Park Neighborhood Of Tampa

Crescent Communities And FCP Announce New Multifamily Community In South Sarasota

Crescent Communities And FCP Announce New Multifamily Community In South Sarasota

New Harmon Build-To-Rent Community In Growing Gulf Coast Market

New Harmon Build-To-Rent Community In Growing Gulf Coast Market

The River District is Taking Shape

The River District is Taking Shape

Crescent Communities Launches Real Estate Investment Management Business

Crescent Communities Launches Real Estate Investment Management Business

Crescent Communities Announces Sale of NOVEL Midtown Phoenix

Crescent Communities Announces Sale of NOVEL Midtown Phoenix

Land Close for Transformative Mixed-Use Project, Carson South End

Land Close for Transformative Mixed-Use Project, Carson South End

Crescent Communities' Elizabeth on Seventh Announces First Restaurant

Crescent Communities' Elizabeth on Seventh Announces First Restaurant

Crescent Communities' AXIAL Industrial Closes Sale Lakeland North Business Center

Crescent Communities' AXIAL Industrial Closes Sale Lakeland North Business Center

Design and Zoning Approved for Heritage Park in Gilbert, AZ

Design and Zoning Approved for Heritage Park in Gilbert, AZ

Crescent Communities Adds Another Multifamily Community to University City Portfolio

Crescent Communities Adds Another Multifamily Community to University City Portfolio

Crescent Communities Debuts New Industrial Brand: AXIAL by Crescent Communities

Crescent Communities and Nuveen Real Estate acquire 120 acres in Holly Springs, NC

Crescent Communities and Nuveen Real Estate acquire 120 acres in Holly Springs, NC

Acquisition of 134,000 SF Office Investment: Southcourt

Acquisition of 134,000 SF Office Investment: Southcourt

Crescent Communities Completes Lakemont Logistics Center

Crescent Communities Completes Lakemont Logistics Center

Crescent Communities Announces New Suburban Market Multifamily Brand

Crescent Communities Announces Sale of Multifamily Community in Charlotte

Crescent Communities Announces Sale of Multifamily Community in Charlotte

Crescent Communities Breaks Ground on Holly Springs Life Science Campus

Crescent Communities Breaks Ground on Holly Springs Life Science Campus

Start of Construction for Build-to-Rent Community Harmon Ballantyne

Start of Construction for Build-to-Rent Community Harmon Ballantyne

Crescent Communities Announces New Multifamily Community Ballantyne

Crescent Communities Announces New Multifamily Community Ballantyne

Crescent Communities Celebrates Groundbreaking on New Multifamily Community

Crescent Communities Celebrates Groundbreaking on New Multifamily Community

Crescent Communities Celebrates Groundbreaking of First Build-to-Rent Community

Crescent Communities Celebrates Groundbreaking of First Build-to-Rent Community

Crescent Communities Announces New Multifamily Community in University City

Crescent Communities Announces New Multifamily Community in University City

Crescent Communities Announces New Retail Tenant at NOVEL Edgehill

Crescent Communities Announces New Retail Tenant at NOVEL Edgehill

Crescent Communities Announces Sale of Two Multifamily Communities in Dallas

Crescent Communities Announces Sale of Two Multifamily Communities in Dallas

Crescent Communities Names Brian Natwick as CEO

Crescent Communities Names Brian Natwick as CEO

Crescent Communities and Pretium Announce Joint Venture

Crescent Communities Closes Sale of ALLY Charlotte Center

Crescent Communities Closes Sale of ALLY Charlotte Center

NOVEL LoSo Station and LTH Coffee Now Open

NOVEL LoSo Station and LTH Coffee Now Open

Accolades

We’re both honored and humbled by the accolades with which our team members and communities have been recognized.

2022 USGBC Green Gala Awards: Ally Charlotte Center 'Most Sustainable & WELL' and 'People's Choice Award'

ACCOLADES

2022 USGBC Green Gala Awards: Ally Charlotte Center 'Most Sustainable & WELL' and 'People's Choice Award'

2022 Charlotte Center City Partners Vision Award: NOVEL Stonewall Station

ACCOLADES

2022 Charlotte Center City Partners Vision Award: NOVEL Stonewall Station

2021 NMHC Top 25 Developers

ACCOLADES

2021 NMHC Top 25 Developers

2021 NAHB Best Community Amenities: NOVEL West Nashville

ACCOLADES

2021 NAHB Best Community Amenities: NOVEL West Nashville

2021 Multi-Housing News Silver Winner for Development Company of the Year: Crescent Communities

ACCOLADES

2021 Multi-Housing News Silver Winner for Development Company of the Year: Crescent Communities

2021 ULI Crane Watch: Elizabeth on Seventh

ACCOLADES

2021 ULI Crane Watch: Elizabeth on Seventh

2021 Charlotte Business Journal Top Mixed-Use Development: Ally Charlotte Center

ACCOLADES

2021 Charlotte Business Journal Top Mixed-Use Development: Ally Charlotte Center

2021 NAHB Best Leasing or Sales Campaign: NOVEL LoSo Station

ACCOLADES

2021 NAHB Best Leasing or Sales Campaign: NOVEL LoSo Station

2021 Building NC Awards: Ally Charlotte Center

ACCOLADES

2021 Building NC Awards: Ally Charlotte Center

2021 Sustain Charlotte Sustainability Finalist Inspiring Building Project: NOVEL Atherton

ACCOLADES

2021 Sustain Charlotte Sustainability Finalist Inspiring Building Project: NOVEL Atherton

2021 Multi-Housing News Gold Winner for Best Marketing & Advertising: NOVEL Upper Westside

ACCOLADES

2021 Multi-Housing News Gold Winner for Best Marketing & Advertising: NOVEL Upper Westside

2021 Southeast Building Conference Aurora Awards for Best Commercial 20,0000sqft & Best Mixed-Use Project: Ally Charlotte Center

ACCOLADES

2021 Southeast Building Conference Aurora Awards for Best Commercial 20,0000sqft & Best Mixed-Use Project: Ally Charlotte Center

2021 NAHB Finalist for Best Garden Apartment Community (4 stories or less): NOVEL West Nashville

ACCOLADES

2021 NAHB Finalist for Best Garden Apartment Community (4 stories or less): NOVEL West Nashville

2021 Multi-Housing News Silver Winner for Best Marketing Campaign: NOVEL Deep Ellum

ACCOLADES

2021 Multi-Housing News Silver Winner for Best Marketing Campaign: NOVEL Deep Ellum

2021 ABC Carolinas Eagle Award: Ally Charlotte Center

ACCOLADES

2021 ABC Carolinas Eagle Award: Ally Charlotte Center

2021 IIDA Carolinas Designworks Awards Honorable Mention: Escent Research Park

ACCOLADES

2021 IIDA Carolinas Designworks Awards Honorable Mention: Escent Research Park

2021 ENRSoutheast Office/Retail/Mixed-Use Merit Award: Ally Charlotte Center

ACCOLADES

2021 ENRSoutheast Office/Retail/Mixed-Use Merit Award: Ally Charlotte Center

2020 Charlotte Business Journal Top Mixed-use Development: NOVEL Atherton

ACCOLADES

2020 Charlotte Business Journal Top Mixed-use Development: NOVEL Atherton

2020 NAHB Silver for Best Overall Advertising Campaign: NOVEL Atherton

ACCOLADES

2020 NAHB Silver for Best Overall Advertising Campaign: NOVEL Atherton

2020 Greater Charlotte Apartment Association Property of the Year: NOVEL Atherton

ACCOLADES

2020 Greater Charlotte Apartment Association Property of the Year: NOVEL Atherton

2020 Multi-Housing News Gold Winner for Best Marketing Program: NOVEL Deep Ellum

ACCOLADES

2020 Multi-Housing News Gold Winner for Best Marketing Program: NOVEL Deep Ellum

2020 Southeast Building Conference Best Overall Advertising Campaign, Best Mixed-Use Project and Residential Community of the Year Multifamily: NOVEL ATHERTON

ACCOLADES

2020 Southeast Building Conference Best Overall Advertising Campaign, Best Mixed-Use Project and Residential Community of the Year Multifamily: NOVEL ATHERTON

2020 Multifamily Executive Merit Winner Best Marketing & Advertising: NOVEL Deep Ellum

ACCOLADES

2020 Multifamily Executive Merit Winner Best Marketing & Advertising: NOVEL Deep Ellum

2020 Multi-Housing News Honorable Mention for Best Marketing Program: NOVEL South Capitol

ACCOLADES

2020 Multi-Housing News Honorable Mention for Best Marketing Program: NOVEL South Capitol

2019 NAHB Multifamily Development Firm of the Year: Crescent Communities, Inc.

ACCOLADES

2019 NAHB Multifamily Development Firm of the Year: Crescent Communities, Inc.

2019 NAHB Best Overall Leasing or Sales Campaign: NOVEL South Capitol

ACCOLADES

2019 NAHB Best Overall Leasing or Sales Campaign: NOVEL South Capitol

2019 NAHB Finalist for Best Interior Merchandising of a Common Area: NOVEL Bishop Arts

ACCOLADES

2019 NAHB Finalist for Best Interior Merchandising of a Common Area: NOVEL Bishop Arts

2019 NAHB Finalist for Best Low-Rise Apartment Community: NOVEL Rio

ACCOLADES

2019 NAHB Finalist for Best Low-Rise Apartment Community: NOVEL Rio

2019 Home Innovation Research Labs NGBS Green Partners of Excellence: Crescent Communities, Inc.

ACCOLADES

2019 Home Innovation Research Labs NGBS Green Partners of Excellence: Crescent Communities, Inc.

2019 Charlotte Business Journal Top Mixed-Use Development: NOVEL Stonewall Station

ACCOLADES

2019 Charlotte Business Journal Top Mixed-Use Development: NOVEL Stonewall Station

2019 Multi-Housing News Honorable Mention for Development & Design Low-Rise: NOVEL Providence Farm

ACCOLADES

2019 Multi-Housing News Honorable Mention for Development & Design Low-Rise: NOVEL Providence Farm

2018 Charlotte Business Journal Top Apartment Development: NOVEL NoDa

ACCOLADES

2018 Charlotte Business Journal Top Apartment Development: NOVEL NoDa

2018 Charlotte Business Journal Honorable Mention Top Apartment Development: NOVEL Providence Farm

ACCOLADES

2018 Charlotte Business Journal Honorable Mention Top Apartment Development: NOVEL Providence Farm

2018 Greater Charlotte Apartment Association Community of the Year: NOVEL Stonewall Station

ACCOLADES

2018 Greater Charlotte Apartment Association Community of the Year: NOVEL Stonewall Station