CHARLOTTE — Charlotte-based Crescent Resources was issued roughly $40 million in building permits last week for work on its $52 million Circle at SouthPark apartment project. The permits, awarded by Mecklenburg County Friday, were for $11.9 million in construction for Building 1, $7.9 million for Building 2, $11.6 million for Building 3, $3 million for [...]
As far as Charlotte's commercial construction industry goes, 2012, arguably, has been the year of the apartment. It seemed that nearly every day over the past 12 months, Mecklenburg County was issuing permits for apartment projects big and small.
For a developer of student housing, the numbers are encouraging. "Student housing is definitely a burgeoning and emerging successful business model," said Ken Szymanski, executive director of the Greater Charlotte Apartment Association. "The bottom line is it is profitable for the developers."
Squeezing student apartments between the University of North Carolina at Charlotte campus and College Downs -- one of Charlotte’s oldest single-family neighborhoods -- prompts doubts about the city's plan.
Charlotte-based Crescent Resources has sold its Circle at South End apartment complex for $74 million. That is easily a record for properties that were designed and built as multi-family rentals," said Ken Szymanski, executive director of the Greater Charlotte Apartment Association.
Charlotte-based real estate developer Crescent Resources is trying to fill an opening for a vice president of investments for its residential division.
With neighbors fuming over its plans to build homes at a higher density near Lake Wylie, Crescent Resources has asked for a deferment on its rezoning request.
Crescent Resources is planning to build apartments near SouthPark Mall, according to construction permits awarded this year by Mecklenburg County. 5725 Carnegie Blvd. is the project’s address, according to the permits.
Crescent Resources said it has hired a chief marketing officer. Tyler Niess worked for Denver, Colo.-based Playground Destination Properties as vice president of marketing, business development and corporate strategy before he joined Crescent, Crescent said in a press release. As vice president and chief marketing officer, Niess will develop and implement a marketing strategy to [...]
Following a national search, Andrew Carmody has been hired as president of Crescent Resources’ residential division, Crescent said this week. Crescent, a developer, said Carmody will start his new job Monday. Carmody’s most recent job was with Palm Beach Gardens, Fla.-based Kitson & Partners, a residential and commercial real estate investment and development company for [...]