More luxury apartments will be available in the downtown area soon when Charlotte, N.C.-based Crescent Communities breaks ground on a new 280-unit luxury apartment development off Division Street, according to the Tennessean. Crescent reportedly has plans to purchase the project’s needed properties, including a building at 1205 Division St. where property management firm First Management Services is headquartered.
The development will include five levels of residential apartments over 7,500 square feet of retail space on the first level. There will be 195 one-bedroom units, 84 two-bedroom units and one large three-bedroom apartment. The area is seemingly becoming the hot new area for housing, with several other apartment projects planned or already going up in the area. A luxury complex helmed by Ray Hensler is now under construction in the Gulch, and SoBro is getting a similar project from Tony Giarrantana as well.
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