• New Park Road apartment development nearing completion

    By: Ashley Fahey, Charlotte Business Journal


    CHARLOTTE, N.C. - One of several multifamily properties by a local developer is seeing its first residents move in.

    Crescent Communities is wrapping up Novel Montford Park, a 337-unit multifamily development at Park Road and Mockingbird Lane, the former site of Pfeiffer University’s Charlotte campus before it relocated within the submarket.

    [ALSO READ: Another apartment development is planned for Charlotte's NoDa neighborhood]

    Novel Montford Park includes studios ranging from 527 to 643 square feet, with listed monthly rents between $1,134 and $1,258; one-bedroom units measuring between 650 and 1,109 square feet, with rents between $1,366 and $2,244; and two-bedroom apartments between 996 and 1,399 square feet, with rents between $2,064 and $2,825.

    The property includes a bevy of outdoor amenities, including a saltwater pool and chaise lounge shelf, private cabanas with TVs, a B-Cycle station, trellis patio with grill area, fire pits, a roof deck terrace with indoor gathering space, game lawn with badminton, and dedicated small- and large-breed dog parks. An on-site fitness center includes cardio, weights, Peloton bikes and Fitness-On-Demand options, and a “telework” room is available for residents working from home. The top level of the parking garage will be used for drive-in movies.

    Read more and check out additional renderings here

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