For-rent residential development planned in west Charlotte

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.

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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.

Read more here.

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