Complete with unique architectural styling and landscape design, NOVEL Ballantyne will consist of three five-story buildings, totaling 285 homes made up of a mix of studios, 1- and 2-bedroom plans. Onsite amenities include a large clubroom with work-from-home spaces, fitness center, outdoor social lawn, active lawn, dog park, gathering spaces, and resort pool with covered lounge spaces. The development of NOVEL Ballantyne underscores Crescent Communities’ anticipated return to the Ballantyne area, which has experienced noticeable growth over the years and is known for its luxury real estate, shopping, dining, and recreation opportunities.
NOVEL Ballantyne is Crescent Communities’ 14th multifamily investment in the Charlotte market, where the company also is headquartered.
In addition, NOVEL LoSo Station is now leasing, and NOVEL University Place recently broke ground. More broadly, Crescent Communities continues to experience significant growth with $6.0 billion of multifamily and commercial investments and developments currently under construction, operations and planning including 13,000 units of multifamily, 260,000 square feet of complementary retail and 8.0 million square feet of office, industrial and life-sciences.
With a focus on sustainable development practices, the organization pursues USGBC LEED certification for commercial spaces and NGBS certification for multifamily residences.