Crescent Delivers 237-Unit Charlotte-Area Rental Community
Crescent Communities has opened NOVEL Davidson, a 237-unit multifamily property in Davidson, N.C. The developer broke ground on the project last year.
Financing for this community included a $48.8 million construction loan provided by Sumitomo Mitsui Bank in 2023.
The architect on the project is Cline Design. Crescent’s in-house construction company served as the general contractor.
The 15-acre property came online at 19020 Potts Park Lane, 1 mile from downtown Davidson. Downtown Charlotte is within 21 miles, while Charlotte Douglas International Airport is 25 miles away.The community encompasses seven three- and four-story residential buildings. The unit mix consists of one-, two- and three-bedroom floorplans ranging from 691 to 1,561 square feet. Apartments have private balconies or patios.
Common-area amenities include a fitness center, a clubhouse, a swimming pool with a deck, and a resident lounge with workspaces, outdoor patios, and a fireplace. Crescent is closing in on 100 communities built since its founding in 1963.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout