Charlotte-based Crescent Communities is planning a major mixed-use development on Providence Road south of Interstate 485, adding to a building boom in the southeast corner of the city.
In a rezoning application, Crescent is applying to build on 72 acres on the east side of Providence Road, just north of the Waverly mixed-use development that’s under construction.
The rezoning petition would allow for up to 30,000 square feet of office space, restaurants, a 150-room hotel and 600 residences. The residences would be of multiple types, including duplex, three- and four-unit designs. The land is currently vacant and is zoned for a residential subdivision.
The largest portion of the land in question, a 66-acre parcel, is owned by a company affiliated with Bahakel Communications. The Bahakel family owns and operates the radio and television broadcast company, and also owns a 211-acre parcel directly south of the development.
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The Providence Road corridor just south of I-485 stands to be completely transformed in the next several years. Across Providence Road from the Crescent development, Lincoln Harris plans to soon begin construction on a 194-acre mixed-use community on the site of the former Charlotte Golf Links course. And Waverly, a 90-acre mixed-use development by Childress Klein and Crosland Southeast, is under construction now.
In addition to apartments and houses, those developments will add hundreds of thousands of square feet of retail and office space, a new K-8 school and a Whole Foods.
With the addition of Crescent’s development, more than 2,100 housing units – including apartments and single-family houses – are planned along that stretch of Providence. Altogether, about 356 acres of vacant or unused land are now under development.
Traffic has been an area of concern for neighbors. The corridor is already often congested, and though there will be more signals, some widening of roads and an extension of Ardrey Kell Road, the increased traffic will likely be an issue for some in the area.
The Crescent plan is scheduled for a rezoning hearing in front of Charlotte City Council on July 20.
A Crescent representative said the company wouldn’t provide further information on their plans Thursday. The rezoning plan is signed by Benjamin Collins, a Crescent vice president who has led other major mixed use projects for the company, including their planned Crescent Uptown development that is supposed to bring two hotels, hundreds of apartments and a Whole Foods to Stonewall Street uptown.
Highlights of Crescent’s plan
▪ 72.2 acres
▪ Up to 600 residential units, including some duplexes, triplexes and quadraplexes
▪ 30,000 square feet of office, retail and restaurant space
▪ 150-room hotel