Home / Inside Tract / Crescent Resources issued $30M in permits for University City apartments

Crescent Resources issued $30M in permits for University City apartments

CHARLOTTE — Mecklenburg County last week issued 10 building permits, with a total value of roughly $30 million, to Charlotte-based Crescent Resources for its $36 million Circle University City apartment project.

Crescent announced the project in December. It is planned for a site across University City Boulevard from the main entrance to the University of North Carolina at Charlotte.

The project will have 546 beds in 187 units, the company said in December. Crescent wasn’t available for comment Monday.

Charlotte-based Adolfson & Peterson Construction, the project’s general contractor, has erected fences around a set of apartment buildings that are standing on the site and that, apparently, will have to be razed to make way for Crescent’s project. Adolfson & Peterson did not return calls.

The permits, which were issued Thursday, were for five buildings, a clubhouse, a parking deck and three retaining walls, according to Mecklenburg County records. Crescent has said the first units in Circle University City will be available by the fall semester of 2014.

GUION can be reached at payton.guion@mecktimes.com, (704) 817-1344 or on Twitter at @paytonguion.

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