This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Crescent Communities Breaks Ground On Multi-Use Development Alexander Village

CHARLOTTE, N.C., April 10, 2013 /PRNewswire/ -- Crescent Communities today celebrated breaking ground on Alexander Village, a 63-acre multi-use development at the gateway to Charlotte's fast-growing University Research Park. A 320-unit luxury garden-style apartment community marks the first phase of development and features design elements inspired by Crescent's signature Palmetto Bluff Resort in the Lowcountry of South Carolina as well as the history of the property. 

(Logo: http://photos.prnewswire.com/prnh/20130402/CL87220LOGO )

Plans for Alexander Village include a hotel, up to 75,000 square feet of retail, 250,000 square feet of office and Crescent Alexander Village (formerly Circle Alexander Village), the luxury apartment community that sits on 27 acres of the site.

"The design for Crescent Alexander Village combines elements of resort-style living with classic designs, resulting in a great new addition to the vibrancy of this submarket," said Ben Collins, vice president with Crescent's multifamily group, which expects to begin preleasing Crescent Alexander Village this fall with the first units available in early 2014.

Named for one of Charlotte's founding families and the previous land owners, Crescent Alexander Village is located on Senator Royall Drive, just south of Mallard Creek Church Road.  The 'main street' in the village-style community, Graham Ridge Drive, was named in honor of Graham Alexander, who granted the land to the University Research Park for the purposes of expansion.

The vernacular classical design of the buildings, including the clubhouse's center stonework, is designed to be reminiscent of how stone homes originally built in the 1700s looked as they were expanded to make room for families growing in wealth and size.

Crescent also turned to its award-winning Palmetto Bluff resort community, located in Bluffton, S.C., for conceptual inspiration of several elements of the $33.6 million Alexander Village community, including a state-of-the-art health club whose numerous windows and outdoor yoga lawn reflect the seaside resort's approach to incorporating the outdoors into a fitness environment.

The health club overlooks a scenic pond with a fitness trail, as do eight cottage units, which are modeled after cottage-style living at Palmetto Bluff. The cottages at Crescent Alexander Village are perfect for working professionals or corporate apartments.  An amphitheater and expansive, wooded dog park add to the amenities near the health club.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs