Development

Crane coming soon to Crescent’s Stonewall construction site

The Crescent Stonewall Station construction site on Friday, March 25, 2016. Notice the tower crane base in the lower right.
The Crescent Stonewall Station construction site on Friday, March 25, 2016. Notice the tower crane base in the lower right.

It won’t be long before another crane joins the uptown skyline, this one at Crescent Communities’ Stonewall Street site.

Crescent broke ground in January for Stonewall Station, a mixed-use development that will include a Whole Foods, 450 apartments and a pair of hotels. The project is expected to be complete in 2018, with the tallest buildings reaching 22 stories.

The base of a new tower crane is visible at the site, where crews have already made a pretty sizable hole and are putting in necessary infrastructure. Expect to see that crane rise in the coming weeks, joining a crane next door that’s building 615 South College Street, a 19-story office tower by Portman Holdings.

Crescent paid about $23.5 million for the 5.4-acre site on Stonewall. A deed of trust filed recently shows Crescent has secured $92.1 million worth of financing from JP Morgan Chase for the project.

Ely Portillo: 704-358-5041, @ESPortillo

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