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Crescent Communities begins construction on $55 million Dilworth apartments

DILWORTH – Crescent Communities, the Charlotte-based commercial developer, has started construction on the 296-unit Crescent Dilworth apartment project.

Construction started this week on Crescent Dilworth, a 296-unit apartment community. Photo by Payton Gui

Construction started this week on Crescent Dilworth, a 296-unit apartment community. Photo by Payton Guion

Permits were issued for the project earlier this month, but construction started just this week on the $55 million apartment community, according to a release from the developer. In addition to the 296 multifamily units, the project will also have about 2,200 square feet of retail space, the release says.

Crescent Dilworth, on the corner of East Morehead Street and Harding Place, will sit adjacent to the Little Sugar Creek Greenway and the main campus of Carolinas Medical Center. The façade of the seven-story structure will contain elements of the historic neighborhood and the community is based around renters’ active lifestyles.

“Steps away from the area’s parks, employers, shopping and dining, Crescent Dilworth will provide the lifestyle experience consumers seek today,” Ben Collins, vice president for Crescent Communities’ multifamily group, said in the release.

Crescent Dilworth will have a Charlotte B-cycle station, the city’s bike-sharing program. It will also have an onsite bicycle repair center, indoor and outdoor bike storage, a 3,500-square-foot athletic center featuring a CrossFit gym, interactive Fitness-on-Demand, and an outdoor yoga terrace, the release shows.

“Crescent Dilworth will provide residents with everything they need to enjoy an active lifestyle through a mix of amenities and green space that they won’t find anywhere else in Charlotte,” Collins said.

The community will have a terrace on the seventh floor with a bar, grill and outdoor fireplace. It also will have a saltwater pool, and a courtyard with an outdoor kitchen, a large fire pit and outdoor seating overlooking the greenway, according to the release.

Crescent Dilworth will be a mix of studio, one- and two-bedroom apartments in a variety of floor plans, all with granite countertops, stainless steel appliances, washers and dryers, and walk-out patios. Square footages will range from about 500 square feet for the smallest studio to 2,600 square feet for two-bedroom penthouses, Collins said. Those penthouses will have walnut flooring, marble bathrooms, custom closets, and 215-square-foot private terraces with indoor and outdoor fireplaces, the release says. Rents will range from $1,000 to $3,500, Collins has said.

Walk-up units along Morehead Street will have a residential look in keeping with the Dilworth streetscape. The project will use Tennessee fieldstone, which is used in many of the Greenway’s structures, as well as traditional brick and cedar trellis elements found throughout the Dilworth area, according to the release.

Construction is set to be completed in spring 2015.

Crescent has partnered with Charlotte-based Southern Apartment Group for the project’s development. Balfour Beatty Construction is the general contractor and construction financing is being provided by JP Morgan Chase. Property management firm Greystar plans to begin preleasing at Crescent Dilworth by the end of next year.

The project design team includes architect BB+M Architecture, interiors by Vignette Interior Design, civil engineer and landscape architect LandDesign and conceptual design consultant Historical Concepts.

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