Crescent Communities says has started building a four-story 158,000 sq. ft. creative office community in University Research Park.
Site work commenced this month, with an anticipated delivery in early 2021. BB+M Architecture is the project architect and ColeJenest & Stone is the civil engineer. Choate Construction has been selected as the general contractor.
Escent Research Park is located near the intersection of West Mallard Creek Church Road and David Taylor Drive in Charlotte’s University submarket. The developer says the community will feature a lobby with two-story atrium, a comprehensive building amenity package, green space and activated open outdoor gathering areas.
“With a focus on sustainability, wellness, and connectivity, Crescent Communities is pursuing related certifications including LEED, Fitwel and WiredScore,” says a news release.
“We see a void in the marketplace for first generation creative office space in the growing University Research Park area of Charlotte,” said Sagar Rathie, vice-president with Crescent Communities’ commercial business. “Escent Research Park will provide a dynamic working environment that fosters connection, collaboration, and creativity in the second largest employment center within our region.”
Crescent previously developed five office communities in the University Research Park, as well as three multifamily communities totaling nearly 1,150 residences.
Todd Mansfield, CEO of Crescent Communities, noted the company’s active commercial development portfolio, including two additional office-centric, mixed-use communities in Charlotte: Ally Charlotte Center, a 26-floor mixed-use office tower and a 381-room JW Marriott is currently under construction in uptown Charlotte and slated to deliver in the first half of 2021. 101 North Tryon is a 20-story Class-A office tower located in the heart of Charlotte’s central business district and is currently undergoing capital improvements. Also under construction are a number of significant industrial projects consisting of more than 1 million sq. ft. across the Southeast.