Crescent Communities Breaks Ground for $47 Million Crescent Howell Mill
ATLANTA, Nov. 19, 2013 /PRNewswire/ Crescent Communities has broken ground on Crescent Howell Mill, a $47 million, 256-unit luxury apartment community between Atlanta's Buckhead and Midtown districts that will help create a new residence and lifestyle destination. Crescent Howell Mill is expected to open in Spring 2015.
"Today's groundbreaking ceremony for Crescent Howell Mill marks the beginning of a new era for an incredible stretch of Atlanta's Howell Mill Road," said Jay Curran, vice president of Crescent's multifamily group.
This community marks Crescent's second multifamily development in Atlanta; Crescent Terminus, the first apartment-living option in Buckhead's Terminus master development, will open in March 2014. Crescent has been an active developer in the metro area for more than two decades.
"The Howell Mill site has a prime location between two of Atlanta's top business and cultural districts. With a unique restaurant and retail landscape of its own, this area will become a place that gives people an exceptional lifestyle experience," Curran said.
Crescent Howell Mill will be built on 2.2 acres adjacent to future restaurant and retail development on Howell Mill Road. Located at the intersection of Howell Mill Road NW and Collier Road near Interstate 75, residents will have a direct drive to Midtown and Downtown and a quick walk to retail, entertainment and dining options.
The community serves as the residential component of an eight-acre mixed-use environment being developed by Healey Weatherholtz Properties. The first phase, currently under construction, will include shops and three boutique restaurants with garden courtyards around a cobblestoned entry drive in addition to the residential community. Additional phases are planned and will focus on fashion, home furnishings, and additional food & beverage.
"Our goal is to create a community gathering place for the surrounding neighborhoods a place where nearby residents can have a coffee, push their strollers, meet friends for dinner and drinks, or simply people watch," said Quill Healey II, co-founder of Healey Weatherholtz Properties. "The project blends old and new buildings and a mix of architectural styles with the common goal of creating a timeless and human scale neighborhood destination."
Crescent's five-story building will feature a best-in-class amenity package including an open lawn courtyard, state-of-the-art athletic club, saltwater resort-style pool with sun deck, outdoor kitchen with grilling stations, fire pit social deck and dog walk park. The studios, one- and two-bedroom units' interiors will feature details including granite countertops, stainless steel appliances and designer light fixtures for modern-day luxuries. On the exterior, the building architecture will resemble an old textile mill, complementing the design of the mixed-use community.
Crescent Howell Mill is financed by equity from Crescent Communities, with construction loans from Capital One and Nationwide. DPR Hardin Construction is the builder. The design team consists of Atlanta-based firms including The Preston Partnership, Historical Concepts and Southern Civil Engineers, Inc. as well as two Charlotte-based firms, LandDesign and Vignette Interior Design.
About Crescent Communities
Founded in 1969 in Charlotte, Crescent Communities is a diversified real estate investment, development and operating company dedicated to enhancing the quality of life for people through sustainable multifamily, residential and commercial communities and responsible land management. Crescent's portfolio today includes 27 master-planned communities, including its signature Palmetto Bluff, as well as 19 multifamily projects with 5,420 units under construction or in pre-development. The company owns and manages approximately 45,000 acres, including 1,400 acres zoned for commercial use. www.CrescentCommunities.com.
SOURCE Crescent Communities