Crescent Communities Inks Deal to Bring 346-Luxury Apartments to Historic Charlotte Neighborhood

CHARLOTTE, NC - EDENS, one of the leading retail real estate developers in the country, and Crescent Communities, one of the nation's top multifamily developers, are pleased to announce their partnership on the development of Atherton, a mixed-use center in the heart of Charlotte's Historic South End neighborhood.

"EDENS is excited for the opportunity to work with Crescent Communities on revitalizing this piece of Charlotte's history," Lyle Darnall, Managing Director of EDENS, says. "Their company values align well with EDENS, and our focus is to create a vibrant gathering place for the people of South End – one that fulfills a need and reflects the story of the community."

Atherton is evolving from a South End retail center, to a top Charlotte destination for dining, shopping and living – confirming Atherton as the soul of South End. The mixed-use project will offer 346 uniquely styled apartment homes, over 115,000 square feet of retail and will feature a significant expansion of the "Rail Trail" multi-use path that can accommodate public programming.

"EDENS has a track record of creating some of the most distinct community-oriented retail centers in the country and we are honored to have the opportunity to partner with them on this incredibly transformational development in Crescent's hometown of Charlotte," said Michael Tubridy, Managing Director of the Charlotte market for Crescent Communities. "As rich and authentic as the neighborhood itself, Atherton will be a storied community that celebrates the South End's history and future of industry, innovation and creativity."

EDENS owns and operates a number of other successful retail developments in the area, including Park Road Shopping Center, Kenilworth Commons and Myers Park. Crescent Communities has developed six multifamily communities in Charlotte since 2008 and currently has four multifamily developments under construction in the region including Crescent Stonewall Station, Crescent NoDa, Crescent Providence Farm and the recently announced Crescent Montford Park.