Crescent Communities Announces New Community in Iredell County
Charlotte, N.C., June 28, 2007 … Crescent Communities will open its newest community, Falls Cove, in Iredell County this month.
Falls Cove is located off exit 36 of Interstate 77 in Troutman, N.C. This ideal location near both I-77 and Interstate 40 makes it a short trip to the surrounding cities of Hickory, Statesville, Charlotte and Winston-Salem.
The community will officially open for sales June 30. Homesites will range from one-half acre to two acres and start in the high $60s for interior homesites; homes will range from the high $400s to $1 million.
Falls Cove’s planned 10-acre amenity area will feature a community activities center and full-time activities director. Residents will enjoy access to a junior Olympic pool, kids’ splash pool, six tennis courts, a playground and nature trails. Nearby Lake Norman State Park also offers recreational opportunities.
“Family activities will be a big part of everyday life at Falls Cove,” said Mike Burnett, senior vice president for Crescent Communities. “In addition to an extensive amenities center, a full-time activities director will ensure that there’s always something fun to do.”
Architect Tom Wright and land planner Oldham Planning & Design are calling the architectural style of the community “Southern Artisan.” This style is an adaptation of the Craftsman and Arts-and-Crafts style. Homes will incorporate warm, earth-tone colors and feature porches and Craftsman-style details such as columns, shutters and dark trim.
The community will feature two distinct neighborhoods – Streamwood and Parkwood. Streamwood features meandering streams and nature trails throughout the community, as well as easy access to the amenity area. Parkwood is adjacent to Lake Norman State Park and includes 60 waterfront homesites with the opportunity to build a private dock.
Buyers will be able to select a homesite and choose from the community’s Builder Guild to construct their new home. Architectural guidelines and covenants will ensure the aesthetic standards of the community are maintained.
The following builders have been selected to join the builder program at Falls Cove: Craig Carter Builder, Inc.; D.S. Rushing, Inc.; EFC Associates, Inc.; E.S. Johnson Builders, LLC; G.P. Kon Custom Builders, Inc.; Graham Builders; Greg Robbins Custom Homes, Inc.; John R. Poore, Builder, Inc.; J&K Developers, LLC; J.S. Testa, LLC; Kearey Builders, Inc.; L. Shaun Ogden Construction, LLC; North Star Building Group, LLC; Simonini Builders of North Carolina, LLC; Stonebridge Luxury Homes, Inc.; Strom Construction, Inc.; Tony Forouzad Construction Co., Inc.; T. Whelan Homes, Inc.; and Whitley Construction, LLC.
More information on Falls Cove will soon be available at www.FallsCove-Crescent.com.
In addition to Falls Cove, other Crescent communities in the Charlotte area include The Farms, The Peninsula, The Point, NorthView Harbour and SailView on Lake Norman; Ballantyne Country Club and Highgrove in south Charlotte; the Sanctuary on Lake Wylie; and Springfield in Fort Mill, S.C.
Crescent communities can also be found at Lake James near Morganton, N.C.; in South Carolina at Lake Keowee near Clemson, and Oldfield and Palmetto Bluff near Hilton Head; and Sugarloaf Country Club and The River Club near Atlanta.
Crescent Communities is a division of Crescent Resources, LLC, a joint venture between Morgan Stanley Real Estate Fund (MSREF) V U.S. and Duke Energy. Formed more than 35 years ago by Duke Energy, Crescent Resources has land interests in 10 states and creates award-winning master planned communities, apartment and condominium communities, Class A office space, business and industrial parks and shopping centers. More information about Crescent Resources is available at www.crescent-resources.com.
