Crescent Communities says it building a four-story 158,000 sq. ft. Class-A creative office community in Charlotte’s University Research Park.
Escent Research Park is located on a 20-acre site near the intersection of West Mallard Creek Church Road and David Taylor Drive in the University submarket. The developer says it is pursuing LEED, Fitwel and WiredScore certifications.
Site work commenced in October, 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.
“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 the commercial business for Crescent Communities. “Escent Research Park will provide a dynamic working environment that fosters connection, collaboration, and creativity in the second largest employment center within our region.”
The developer says it previously developed five office communities in the University Research Park, as well as three multifamily communities totalling nearly 1,150 residences.
Crescent Communities CEO Todd Mansfield outlined in a statement 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 5-star, 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.