Apartment Homes Groundbreaking Marks First Multifamily Residence at Cameron Village

July 29, 2011 / Russell Legato, Residential Property Analyst

Crescent Resources, LLC has marked the beginning of Gallery at Cameron Village with a groundbreaking ceremony for the 16,000 square feet of apartment homes at Clark Avenue and Oberlin Road in Raleigh, North Carolina.

Apartment Homes Groundbreaking Marks First Multifamily Residence at Cameron Village

The $50 million project that features 282 apartment homes will bring the first multifamily residential experience to Raleigh’s premier shopping and dining district. The first apartments are scheduled to be available in spring 2013.

“Cameron Village is the ultimate shopping and dining destination in Raleigh, and we are excited to deliver the first multifamily experience in Cameron Village,” said Brian Natwick, president of Crescent’s Multifamily Division.

“Gallery at Cameron Village will bring luxury apartment homes with a unique design to complement this extraordinary location.”

Gallery is designed with an exceptional resident amenity space featuring a wine bar, demonstration kitchen, gaming area, business center and entertaining areas, as well as a health-club-caliber fitness center.

Additionally, Gallery will include a resort-style pool plaza with a sun deck, grilling stations and ample lounging and social areas. Crescent will seek Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council upon completion.

Cline Design Associates, PA of Raleigh is the architect, Historical Concepts of Atlanta is the design consultant, Stewart Engineering, Inc. of Raleigh is the planner and civil engineer, and LandDesign of Charlotte, N.C., is the landscape architect. Kettler, Inc. will be the residential property manager, and Cox Schepp Construction, Inc. is the general contractor.

“Regency Centers is delighted to celebrate the ground breaking of Gallery at Cameron Village,” said John Pharr, senior vice president of the Southeast with Cameron Village owner Regency Centers of Jacksonville, Fla.

“It will certainly add distinction and a sense of place to what is already a unique and vibrant destination in Raleigh.”

Crescent’s existing apartment homes include Circle at South End in Charlotte, N.C.; Circle at Concord Mills in Concord, N.C.; Circle at Crosstown in Tampa, Fla.; and Circle at Bartram Park in Jacksonville, Fla. Multifamily communities under construction include The Venue at Cool Springs in Nashville, Tenn., and Circle West Campus in Austin, Texas.

Crescent’s multifamily communities that are underway include Circle at Ninth Street in Durham, N.C.; Circle at South Park in Charlotte; and Circle at Bay Shore in Tampa.

Crescent Resources is a real estate development company with interests throughout the southeastern United States. Based in Charlotte and established in 1969, Crescent Resources has been known for its single-family, multifamily and resort residential communities.

In addition to apartment homes, Crescent also owns and manages business and industrial parks and shopping centers.

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