Construction of Crescent Gateway in Altamonte Springs is in the Works
- May 16, 2014
Crescent Gateway, Crescent Communities’ luxury apartment community is underway at the intersection of Maitland Boulevard and state Route 434. The company is building an 80-acre, mixed-use project and the residential component represents the first phase. Another 300,000 square feet of office and retail space, and potentially a hotel, are in the pipeline. A groundbreaking ceremony was held May 15.
Crescent Multifamily Construction is the general contractor for the Crescent Gateway project, designed by Charlan Brock and Associates. The development is financed by an equity investment from Crescent and CNL Growth Properties Inc. with construction financing by PNC Bank. Dix.Hite + Partners is entrusted with landscape architecture and DRMP is the civil engineer. ZRS will manage the property.
The 249-unit multifamily community is located just east of the new Adventist Health Systems headquarters and other major employers in the area such as EA Sports and Charles Schwab are within easy reach. A grocery store and other retail facilities are also accessible. The complex will feature studio homes, one- and two-bedroom apartment units in four-story buildings equipped with elevators. Three-bedroom units and two-story townhomes with attached garages are also part of the selection. Vignette Interior Design is responsible for the interior atmosphere, bringing granite countertops, stainless steel appliances and state of the art lighting to tenants. The range of common space amenities includes a swimming pool, outdoor fireplace, grilling area, a cafe with a terrace and flat-screen televisions, yoga lawn and a dog park.
Crescent Gateway is expected to open next summer.Rendering of Crescent Gateway courtesy of Crescent Communities