Crescent Opens Model Home at 83-Site Master-Planned Community

By Eliza Theiss, Associate Editor

Chapel Cove, Crescent Communities’ master-planned community on the shores of a Lake Wylie cove, is progressing with development. The project’s 5,000-square-foot amenities center opened in spring. And one of two model homes completed construction in early-July, with the second model home expected to be built before the summer is out.

The 83-home site residential project started development in 2007, but Crescent stayed the project until a resurgence in the home buying market allowed for a feasible execution of the master-planned community. “Crescent Communities is a patient land owner, and Standard Pacific Homes has been a great partner throughout the development of the Chapel Cove community,” said James Martin, vice president of Crescent’s residential group.

Standard Pacific, Crescent’s partner in Chapel Cove will be developing single-family homes ranging between from 2,670 to 3,665 square feet, with prices ranging in the $300,000s to $500,000s. Homes will sit on lots 70 or 90 feet wide and feature a range of amenities such as gourmet kitchens, stainless steel appliances, granite countertops, spa-style bath and guest suites.

The community aims to attract residents from a wide variety of market segments. “Chapel Cove wasn’t developed with any one market segment in mind; it’s an ideal community for everyone from young families to empty nesters. That’s part of the beauty of our master-planned developments. They’re designed to encourage connections between residents and foster a sense of community,” James Martin told MHN.

Chapel Cove’s wide range of appeal is also reflected in the community’s recently opened amenities center. The 5,000-square-foot facility blends indoor and outdoor space, featuring a state-of-the-art fitness center, pool deck lounge areas, multi-use clubroom and kitchen, outdoor swimming pool with children’s splash area, and adult gathering area. Other amenities include tennis courts, activity lawn, hard and soft surface trails, a lakeside park, boat storage area and a canoe and kayak launch.

The community also boasts the advantage of being within a short drive of Charlotte and its many employment option, hip neighborhoods such as Ballantyne and SouthPark, Charlotte-Douglas International Airport and a bevy of retail options such as Carolina Place Mall, The Rivergate Shopping Center and Tanger Outlet Center.

“The popularity of multifamily communities may be surging, but we haven’t experienced decreased demand for master-planned communities that offer a balanced lifestyle and easy access to work, school and recreational activities. Chapel Cove is located just outside Charlotte on the edge of a dynamic, growing area,” James Martin said.

At the recently organized 29^th Annual Major Achievement in Market Excellence (MAME) Awards presented by the Home Builders Association of Charlotte (HBAC), Crescent Communities received a “silver” award in the community signage-developer category for Chapel Cove. It also took home awards for master-planned community of the year category for its Springfield community in Fort Mill, S.C. and was named developer of the year.

Click here for further Charlotte market data

Images courtesy of Crescent Communities