CHARLOTTE — A prominent development firm in Charlotte and its joint-venture partner have snapped up land for their next build-to-rent community here. Crescent Communities and Pretium announced via press release Wednesday that they have closed on land in west Charlotte for Harmon Five Points.
The partners bought the roughly 5.5-acre site for $11.9 million, according to real estate records.
The community, at 360 Seldon Drive, will have 76 three-bedroom townhomes with outdoor balconies, private garages and driveways. Communal spaces will include a fire pit with outdoor lounge seating and a lawn area for gatherings and pets.
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