Thank you for Subscribing to Real Estate Business Review Weekly Brief
I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info
Thank you for Subscribing to Real Estate Business Review Weekly Brief
By
Real Estate Business Review | Monday, September 30, 2024
FREMONT, CA: Crescent Communities, a nationally recognized market-leading real estate investor, creator and operator of mixed-use projects, announced today that it has selected four top homebuilders and multi-residential developers for the first phase of development at The River District, a 1,400-acre master-planned community in West Charlotte. The developer has chosen David Weekley Homes, DRB Homes, Saussy Burbank, and Toll Brothers for the first builder phase, which will include over 260 lots and a total of 2,300 single-family homes in The River District community. Model home construction will begin as early as the end of the year, with additional specifics on architectural aspects, lot sizes, and more to be disclosed in the coming months. All residences in the first phase of development will be in Westrow, The River District's local town center, while the second phase of residential development, which will be finished by the end of 2025, will be in the Basswood neighborhood.
"The selection of these four distinguished homebuilders marks a pivotal moment for The River District as we solidify our plans for developing a diverse range of high-quality, modern homes, offering an unparalleled live-work-play experience," said Rainer Ficken, senior managing director of The River District. "Our collaboration with these trusted partners known for their homebuilding expertise and diligence ensures that The River District will be a premier community anchored by a combination of residential, retail and office spaces that combine urban conveniences with the tranquility of the region's natural beauty."
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
In addition to single-family houses, The River District will include up to 2,350 multifamily residential units, including a portion reserved for mixed-income housing in collaboration with local developer Laurel Street Residential. Crescent Communities will begin construction on NOVEL River District, a 318-unit multifamily property under its Class A NOVEL brand, later this month. The project will offer world-class amenities, residential programming, and a clean and modern design.
More in News