Crescent Communities Opens Crescent Crosstown in Tampa

Preservation of 150-Year-Old Live Oaks Gives 344-Unit Luxury Apartment Community Retreat Feel

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Jun 12, 2013, 12:36 ET

CHARLOTTE, N.C., June 12, 2013 /PRNewswire/ -- When Crescent Communities began developing its 344-unit multifamily community in Brandon, Fla. a year ago, the Charlotte, N.C.-based development company pinpointed 150-year-old massive live oaks adorning the property as a critical design element. As the community opens this month, these legacy oaks continue as a defining element for the $37 million retreat-style community just minutes from the bustle of downtown Tampa.

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"The live oaks at Crescent Crosstown create the ambience of a southern retreat, complemented by concierge-class amenities, close proximity to the I-75 corridor, and remarkably easy access to downtown Tampa – all in a 100 percent smoke-free community," said Jay Curran, vice president with Crescent's Multifamily Group.

Centrally located just off the Selmon/Crosstown Expressway in southeast Tampa, Crescent Crosstown features two distinct living areas. Situated among the towering oaks, The Retreat emphasizes privacy and seclusion, while The Resort is a hub of activity designed around a 7,000 square-foot clubhouse, expansive pool deck and an activated central lawn.

The Frank Lloyd Wright inspired and LEED-designed clubhouse, dubbed "The Meeting House," includes a media room with 70-inch plasma TV, counter-top iPADS, fireside cafe, gourmet catering kitchen, billiards bar, modern library, and Starbucks® coffee kiosk. The clubhouse also incorporates a poolside athletic club with soaring ceilings, state-of-the-art cardio equipment, free-weights, and an aerobics studio fully-wired for yoga and cross-fit.

Just outside the clubhouse, a 7,500 square-foot resort-style pool deck features a sprawling zero-entry pool, two covered cabanas, lush landscaping, outdoor living room with grand stone fireplace, summer kitchen, and plenty of lounge seating.

The Central Lawn offers residents multiple options to "chill & grill," including a second summer kitchen, fire pits, plenty of open space, and organized areas for bocce, corn hole, and horse shoes.

The first four buildings and amenities in The Resort are open and available for immediate move-in. When complete later this year, The Retreat will add two additional "chill & grill" areas, two more dog parks, scattered hammocks, and a walking trail that meanders beneath the great Crosstown Oaks.

Residents throughout the community will have access to all amenities and Crescent is implementing a calendar of special events that will ensure residents have the opportunity to develop a sense of true community. Organized social activities will begin shortly and really kick off with Crescent Crosstown's grand opening event this fall.

"We considered every detail of how people want to live, work and play today in creating Crescent Crosstown," Curran said. "We're offering our residents a lifestyle that complements all facets of their lives, ranging from proximity to work to rich activities and after-hours relaxation."

Residents can choose from one-, two-, and three-bedroom homes that feature chef-inspired kitchens with pull-up islands, granite countertops, stainless steel GE® appliances, and designer lighting. Large tile flooring in The Resort and plank flooring in The Retreat add to the luxury appeal, along with ceiling fans, premium blinds, USB outlets, and spacious walk-in closets.

Crescent Crosstown, located at 9712 Bosque Creek Circle, was financed by U.S. Bank with equity investment by CNL Growth Properties and Crescent Communities. Development partners include Crescent Multifamily Construction, The Preston Partnership (architect and interior designer), King Engineering (civil engineer) and Land Resource Design Group (landscape architect). The community will be professionally managed by Riverstone Residential Group.

The community is open for leasing, and more information is available at www.crescentcrosstown.com.

About Crescent

Founded in 1969 in Charlotte, Crescent Communities is a diversified real estate investment, development and operating company dedicated to enhancing the quality of life for people through sustainable multifamily, residential and commercial communities and responsible land management. Crescent's portfolio today includes 27 master-planned communities, including its signature Palmetto Bluff, as well as 18 multifamily projects with 5,300 units under construction or in planning/pre-development. The company owns and manages approximately 72,000 acres, including 1,400 acres zoned for commercial use.

SOURCE Crescent Communities