Crescent Communities Plans Mixed-Use Development in Charlotte

By Adelina Osan, Associate Editor

Charlotte, N.C.—Crescent Communities recently announced plans for a new mixed-use, transit-oriented development (TOD) in Queen City. The project will bring luxury apartments and a Whole Foods Market to Uptown Charlotte, on a 5.4-acre site.

A rendering of Crescent Communities Stonewall Station

Crescent’s Stonewall Station mixed-use project will feature a 47,000-square-foot Whole Foods Market, 459 upscale apartments and a parking deck to serve the community, along with future hotels. Expected to open in 2017, the development is located nearby Lynx Light Rail and the iconic SouthEnd and NoDa districts. Amenities include a saltwater swimming pool with private cabanas, outdoor living spaces and fireplaces. The bottom floor of the high rise will feature a contemporary clubroom for entertaining and social events, a tech lounger with computer stations, and an adjacent amenity building includes a state-of-the-art fitness center and yoga room, and an outdoor kitchen with grilling stations. Residents will also have access to an amenity terrace with panoramic views of Uptown Charlotte.

“With a vibrant mix of development including crafted retail, thoughtful amenities, vibrant public spaces and enhanced connectivity, this community will allow residents, commuters and visitors to experience Charlotte like never before,” said Ben Collins, senior vice president for Crescent’s multifamily business.

This development will also complement the plans for Crescent’s Tryon Place, just west from the site. As MHN previously reported, Tryon Place, a 3-acre site on the corner of Stonewall and Tryon streets, is a planned mixed-use community with Class A office, restaurants, retail and a full-service hotel.

Crescent Stonewall Station is financed by an equity investment from Crescent Communities and the Melissaris family. JP Morgan Chase and Emigrant Realty Finance provided construction debt. The Preston Partnership was in charge of architecture, Vignette Interior Design of interior design, LandDesign of civil engineering and landscape design, and Whiting-Turner was chosen as the general contractor.

Rendering courtesy of Crescent Communities