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.
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