Pre-leasing underway at University-area multifamily project


Charlotte-based Crescent Communities has begun pre-leasing another multifamily development in the local market.

Novel Research Park, at the intersection of West Mallard Creek Church Road and Senator Royall Place, is now leasing, according to Crescent. The 280-unit, garden-style development is something of a second multifamily phase for Crescent at the site, which delivered what was formerly called Crescent Alexander Village in 2013 adjacent to Novel Research Park.

Novel Research Park has one-,…

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