Charlotte’s Crescent Communities Announces New $1 Billion Build-to-Rent Venture
Charlotte’s very own Crescent Communities has just introduced options to devote over $1 billion in a new create-to-lease local community concept in key sun belt towns. Their to start with undertaking will be in Charleston, followed carefully by a massive-scale growth in Charlotte.
“Single-family members build-to-rent allows Crescent Communities to be a part of the solution to the incredible under-supply of rental housing in the U.S., and this partnership allows us to establish far more than 3,000 new rental households,” stated Tony Chen, Handling Director of Crescent Communities’ new HARMON model.
The 1st neighborhood will consist of 109 townhomes, found 25 miles from downtown Charleston in the city of Moncks Corner, SC, and will be termed ‘HARMON Foxbank’. Building is slated to get started in Oct 2021 with first units readily available to rent in early 2022.
Below in Charlotte, the organization is preparing a 300-townhome HARMON growth both in Ballantyne, north Charlotte, or Gastonia, in accordance to Chen. They hope to crack floor on the Charlotte community someday up coming 12 months.
In accordance to a push release from the company, they hope to give “a gateway chance to possessing houses in excellent neighborhoods” and are promised to offer you “privacy, further house, and feeling of group pleasure – devoid of the friction of homeownership.”
What do you believe about the new make-to-lease idea?
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