KNOXVILLE, TN - Crest Residential has broken ground on The Sheldon, a 267-unit luxury apartment community in the Powell submarket of Knoxville, Tennessee, marking the company’s latest addition to its growing Southeast portfolio.
Located just north of downtown Knoxville, The Sheldon is designed to meet the area’s increasing demand for high-quality rental housing. The community will feature seven three- and four-story apartment buildings, two carriage homes, and a suite of upscale amenities, including a resort-style pool, state-of-the-art fitness center, pickleball court, coffee bar, business center with private conference rooms, and outdoor entertainment areas. A pet spa and park, as well as an electric car charging station, round out the community’s lifestyle offerings.
Inside, residents will find one-, two-, and three-bedroom floor plans with quartz countertops, stainless steel appliances, walk-in closets, private screened balconies, luxury wood-style flooring, and full-size washers and dryers.
“Powell is one of Knoxville’s fastest-growing submarkets, offering residents the convenience of downtown access with the comfort of a connected suburban community,” said Matt Benak, principal of Crest Residential. “At Crest, we design every community with our residents in mind — The Sheldon reflects that focus through its thoughtful design, modern amenities, and attention to detail.”
Strategically situated near the I-75 corridor, The Sheldon provides quick access to downtown Knoxville, major employment hubs, and the North Knoxville Medical Center. The site also benefits from proximity to Powell’s expanding retail and dining scene, positioning the development at the center of one of the region’s most active growth areas.
The project team includes architect Fifth Dimension Design, civil engineer Cannon & Cannon, Inc., general contractor Crest Building Group, and interior designer Catori Design House. Property management will be handled by Carter Haston.
Construction began in November 2025, with pre-leasing scheduled to begin in early 2027.
About Crest Residential: Crest Residential is a vertically integrated multifamily development, construction, and investment firm headquartered in Birmingham, Alabama. The company focuses on ground-up development and acquisition opportunities across the Southeast, with a portfolio exceeding 6,500 units and a total investment value of $850 million. Learn more at www.crestres.com