Crescent Communities and Pretium have closed on the land for the development of HARMON Legacy Trail, the third build-to-rent (BTR) community under development as part of their previously announced joint venture and commitment to invest $1 billion in new single-family build-to-rent communities across 14 key strategic growth markets.
Construction for HARMON Legacy Trail is expected to commence in July 2022, with first units slated to be delivered in fall 2023.
"We are thrilled to announce our third development in partnership with Pretium and our first build-to-rent community in the Florida region," said Tony Chen, a managing director of single-family BTR at Crescent Communities. "HARMON Legacy Trail will provide residents the opportunity to live in new construction homes within a growing and vibrant community adjacent to the Legacy Trail connecting downtown Sarasota and Venice. This community highlights our commitment to growing strategically in Florida and the Sun Bel
