Crescent Communities has withdrawn plans that would have remade a 25-acre site in NoDa with hundreds of residences, according to city documents.
The rezoning petition, filed in July, covered an industrial site at Craighead Road and North Davidson Street near the planned Sugar Creek light rail station.
The plans would have included up to 450 residential units, including single-family, for-sale houses and multifamily units, as well as retail. Charlotte City Council would have had to approve the rezoning petition, and a hearing was scheduled for later this month.
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A Crescent representative didn’t immediately respond to a message seeking more information Thursday. UPDATE: “Unfortunately, during due diligence Crescent determined that this specific property was not the right fit for this proposed development plan,” said spokeswoman Heather Tamol.
The Charlotte-based company is one of the most active developers in the region, with high-profile projects including a Whole Foods, apartments, hotels and an office tower uptown.
Crescent is still moving forward with a separate plan in NoDa a few blocks away. The company is planning a mixed-use development that would include up to 350 apartments, a hotel and possibly a boutique grocer at 36th Street, adjacent to the Blue Line light rail extension. Construction is set to start by the end of the year, and the first units should be open in 2017, timed with the light rail extension opening.