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Crescent Communities announces sale of multifamily community
Transactions - FEBRUARY 12, 2025

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Crescent Communities announces sale of multifamily community

by Released

Crescent Communities announced the sale of its interest in NOVEL Ballantyne. Located at 14011 Bespoke Road, NOVEL Ballantyne is part of a master-planned residential community, Crescent Communities, developed in Charlotte, N.C.’s Ballantyne neighborhood. The development also includes Laurel Street’s mixed-income 55-plus active adult housing complex, The Balmore at Ballantyne, and a future townhome community.

Spanning three five-story buildings, the community offers 285 studio and one- and two-bedroom apartment homes, each crafted with a focus on luxury and comfort, featuring bright quartz countertops, sleek stainless steel appliances and expansive windows that invite natural light.

“NOVEL Ballantyne is a testament to Crescent Communities’ dedication to enriching the lives of residents through style, creativity and purpose,” said Michael Tubridy, managing director at Crescent Communities. “Its art-inspired design and thoughtfully crafted spaces provide a seam

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