{"id":1004070659,"date":"2013-04-12T05:39:06","date_gmt":"2013-04-12T13:39:06","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=117193"},"modified":"2020-04-15T23:46:44","modified_gmt":"2020-04-16T07:46:44","slug":"crescent-communities-breaks-ground-on-63-acre-mixed-use-alexander-village-in-charlotte","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crescent-communities-breaks-ground-on-63-acre-mixed-use-alexander-village-in-charlotte\/","title":{"rendered":"Crescent Communities Breaks Ground on 63-Acre Mixed-Use Alexander Village in Charlotte"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p>Crescent Communities (formerly known as Crescent Resources) has announced <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/Alexander-Village-Courtyard-Perspectivesmall1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-117195\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/Alexander-Village-Courtyard-Perspectivesmall1.jpg\" alt=\"\" width=\"300\" height=\"141\" \/><\/a>breaking ground on the 63-acre health club-inspired Alexander Village. The ambitious project is being developed on Senator Royall Drive close to University Research Park, an area presenting high growth numbers. The mixed-use development is set to be constructed in several phases and is inspired by Crescent Communities\u2019 award-winning Palmetto Bluff Resort located in Bluffton, S.C.<\/p>\n<p>The $33.6 million Phase One of Crescent Alexander Village is the multi-use development\u2019s 27-acre residential component. The garden-style luxury apartment community will <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/supply-demand-marcus-millichap-nar-2013.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-117196\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/04\/supply-demand-marcus-millichap-nar-2013.jpg\" alt=\"\" width=\"253\" height=\"189\" \/><\/a>comprise 320 units. Buildings will feature a vernacular classical design, such as stonework reminiscent of 18th-century stone homes\u2014present in the community\u2019s clubhouse, as well as several seaside resort-type elements such as an outdoor yoga lawn. Eight of the 320 units will be cottages intended as corporate apartments.<\/p>\n<p>Community amenities include a clubhouse that will target LEED certification, a state-of-the-art health club, business center, clubroom, gaming area, catering kitchen, outdoor kitchen, outdoor fireplace, lounging areas, resort-style saltwater pool, aqua sundeck, bocce courts, amphitheater, scenic pond with fitness trail, and an expansive, wooded dog park.<\/p>\n<p>&#8220;We are creating a community that will be an ideal complement to the continued growth in high-level career opportunities within University Research Park,&#8221; declared Brian Natwick, president of Crescent&#8217;s multifamily group, in a news release.<\/p>\n<p>Further development phases include 250,000 square feet of office space, up to 75,000 square feet of retail, and a hotel. The project is a registered member of the Audubon International Signature Program and is working towards becoming \u00a0a Certified Signature Sanctuary. Regions Bank is project construction lender.<\/p>\n<p>For more market data from Charlotte, <a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-demand-in-charlotte-remains-strong-as-population-surges\/1004077290.html\" target=\"_blank\" rel=\"nofollow\">click here<\/a>.<\/p>\n<p><em>Image courtesy of <em>Crescent Communities<\/em><\/em><\/p>\n<p><em>Chart courtesy of Marcus &amp; Millichap<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crescent Communities (formerly known as Crescent Resources) has announced breaking ground on the 63-acre health club-inspired Alexander Village.<\/p>\n","protected":false},"author":49,"featured_media":1004507221,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[],"class_list":["post-1004070659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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