NOW OPEN: NOVEL Beach Park by Crescent Communities
TAMPA, Fla. (June 3, 2024): Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities, is celebrating the official grand opening of NOVEL Beach Park. Located on the banks of Old Tampa Bay in Tampa’s urban core, NOVEL Beach Park is intentionally designed to promote wellness, community, and a vibrant lifestyle for discerning renters.
The high-rise apartment community includes 289 for-rent residences, with the vast majority offering unobstructed views of Old Tampa Bay. Each studio, one-, two-, or three-bedroom home features keyless entry; an oversized kitchen; and bright, airy design. Additional community amenities include an infinity-edge sunset saltwater pool; a gear room where residents can borrow stand-up paddle boards, kayaks, and other great gear to enjoy all the incredible outdoor activities that Tampa has to offer; a coworking lounge with a large conference room and complimentary tea, coffee, and snacks; a top-of-the-line fitness club complete with Peloton bikes and lululemon Studio Mirrors; a pet spa; a ninth-floor Sunset Lounge with a retractable window wall and terrace overlooking Old Tampa Bay; and more.
“NOVEL Beach Park embraces the best of relaxed waterfront living while remaining a short drive from Tampa’s trendiest shopping, dining, and employment hubs,” said Ricky DeCamps, Crescent Communities’ Director of Development. “Our goal is to offer residents a serene, luxurious lifestyle with unparalleled access to the vibrant experiences and opportunities that Tampa has to offer. With its thoughtfully designed residences and top-notch community amenities, NOVEL Beach Park is a testament to Crescent Communities’ broader commitment to creating exceptional living experiences, and we look forward to welcoming new residents soon.”
Central Florida-based FINFROCK served as the architect and contractor. Additional partners include Kimley-Horn for civil engineering, DIX•HITE + Partners for landscape architecture, and ID & Design International for interior design. TD Bank provided debt financing for the community. NOVEL Beach Park was made possible by the Crescent Communities Real Estate Opportunities Fund, the first in a series of funds that Crescent Communities will sponsor to support the development and investment in real estate across its investment platforms.
Crescent Communities continues to expand its multifamily footprint throughout Florida, including NOVEL Nona and NOVEL Parkway in Orlando, both of which are currently leasing. NOVEL Independence Park is also leasing and welcoming our first residents nearby in Tampa, while RENDER Legacy Trail is under construction just outside of Sarasota and set to start occupancy in just a few months. RENDER is Crescent Communities’ multifamily brand focused best-in-class suburban multifamily communities with thoughtful design, functional space, and local character all at a more approachable cost.
Nationwide, Crescent Communities continues to experience significant growth with $7.2 billion of residential and commercial investments and developments in various stages of construction, operations, and planning. That pipeline includes 15,300 multi- and single-family build-to-rent units; 58,000 square feet of complementary retail space; and 7.5 million square feet of office, industrial, and life-sciences facilities. With a focus on environmental sustainability and wellness, Crescent Communities is a leading recipient of LEED, NGBS (National Green Building Standard), Fitwel, and WELL certifications.
Photography of NOVEL Beach Park can be found here, and photos of the Grand Opening celebration are linked here.
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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 85 multifamily communities and 24 million square feet of commercial space. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, and Phoenix. Our multifamily communities are branded NOVEL, RENDER, and HARMON by Crescent Communities, our industrial developments are branded AXIAL by Crescent Communities, and our life science developments are branded THE YIELD by Crescent Communities.
