Crescent Communities today announced that it will be donating a significant parcel of land at The River District, its 1,200-acre master-planned community in West Charlotte, to Laurel Street, for affordable housing.
Laurel Street Residential will use the property to develop 87 mixed-income housing multi-family units. Construction on the new housing is anticipated to begin in 2026, with delivery expected in 2027.
“The River District represents the best of what thoughtful, inclusive development can be, and we are honored to play a role in helping bring it to life,” said Dionne Nelson, President and CEO at Laurel Street. “Crescent Communities’ commitment to creating a place where people of all backgrounds can live, connect, and thrive aligns fully with our mission, and we’re excited to build high-quality homes that will welcome new families and strengthen the fabric of this community.”
Earlier this fall, The River District welcomed its first resident to a David Weekley-designed single-family home in Westrow, the community’s 70-acre town center that will feature sidewalks connected to tree-lined streets and storefronts. Additional single-family homes and townhomes in Westrow are now under construction and available for purchase. Crescent Communities also recently broke ground on a set of 140 single-family lots in its Basswood neighborhood and Forge Village in Westrow, which will include a playground, a two-acre working farm, a pavilion with an event lawn, and a community building with a café and store selling produce from the farm.
The community also features NOVEL River District, a currently pre-leasing 318-unit multifamily development under Crescent Communities’ Class A NOVEL brand offering world-class amenities, engaging resident programming and events, and contemporary design. The initial builder phase includes more than 260 lots, with long-term plans for up to 2,300 single-family homes and 2,350 multifamily residential units.
Conceptualized through a thoughtful multi-year development process and nestled between the banks of the Catawba River and Charlotte-Douglas International Airport, The River District will integrate the primary components of urban life – a connected network of homes, retail shops, restaurants, office buildings, schools, and public spaces – with the allure of the parks, trails, forests, river access, and open spaces abound in nature.
