Crescent Communities is returning to the residential development market with a 650-home project overlooking the Catawba River in Fort Mill.
The master-planned community would be built on 556 acres on the west side of Interstate 77 and off Sutton Road. It’s adjacent to the site where Carolinas Hearth Care System hopes to build its Fort Mill hospital.
“It’s the last frontier for home building in York County,” says Keith Glenn, senior vice president of Crescent's residential division. “This property has a rich history and beautiful topography with its river views, forests and quarry, and we intend to preserve its character.”
There may be room for multifamily residents and perhaps even commercial and medical office space if the planned hospital becomes a reality.
Initial estimates say that development will begin in late 2014.
The community is Crescent's first large-scale residential development in the Charlotte area since 2008. Crescent’s last communities in the area were Springfield Village, which is on the north side of Fort Mill and is set to have 680 homes at completion, and Chapel Cove in Lake Wylie.
In York County, Crescent is in the process of asking that 282 acres of its targeted site to be annexed into Fort Mill and rezoned to allow for a planned community.
Plans call for Crescent to buy 274 acres from the Cultural and Heritage Foundation, adjacent to land where that group wanted to build a Stans Museum of Life and the Environment. The foundation will retain 60 acres along the Catawba River, where it could still build the museum.
Crescent says the second tract will boost the number of homes beyond the initial 650, but it declines to estimate how many.
Cherokee Partners once planned to build its Kanawha development on the site, a move that was halted by the housing crisis brought on by the Great Recession. That project called for 725 homes and 50 acres of commercial development.
Preliminary work on that project found evidence of a Catawba Indian village and burial ground on the site. But in a news release, Catawba Chief Bill Harris says the proposed Crescent community has the blessings of the tribe.
SHOPPING for a home in the Fort Mill area?
Contact "The Temple Team" at 704-235-3000 or visit our website at www.TheTempleTeam.com to help you make your new home buying experience a GREAT ONE!
*Excerpts taken from article written by Ken Elkins and published in the Charlotte Business Journal.