User:Extraface/sandbox/crescent

Note: This is a draft article in progress. I am creating it to recommend what a viable article for Articles For Publishing might look like. I am an advisor for The Wilbert Group but am not working directly on this business.

Overview
Crescent Communities is an American residential and commercial real estate company, with headquarters in Charlotte, North Carolina. It has approximately 166 employees. As of June 2014, Crescent owned and managed approximately 40,000 acres. .

History
In 1939, Duke Power (now Duke Energy) established a forestry department to manage company land not used for power generation. In 1963 this department became the company South Carolina Land and Timber. As the holdings expanded to include land in North Carolina, the organization was renamed Crescent Land and Timber in 1969. Some of the original land was sold to Crescent by the Singer Corporation.

In the mid-1980s the company was renamed Crescent Resources as it began to actively develop residential communities. Crescent Resources began work on its first commercial development, Coliseum Centre, in 1990. As of 1991, Crescent Resources managed 270,000 acres of land. Holdings included part of what became Lake James State Park, which it later sold to the state of North Carolina.

Crescent Resources became a separate entity from Duke Energy in 2006 when Duke Energy sold its 49% stake to Morgan Stanley. The company rebranded to Crescent Communities in 2013.

Sample Projects

 * Potomac Yard, a mixed-use development in Alexandria, Virginia
 * Phipps Tower, a 20-story office tower in Atlanta
 * The Peninsula, a 900-lot golf community in Lake Norman, North Carolina
 * Coliseum Centre, a six-building office park in Charlotte
 * Palmetto Bluff, a 20,000-acre master planned community in Bluffton, South Carolina
 * One Greenway Centre, a 154,000-square-foot office building in Nashville, Tennessee
 * The Groves, a 2,200-home master-planned community in Lake Houston, north of Houston, Texas
 * Belterra, a 1,600-acre master-planned community in Austin, Texas.
 * Crescent Scottsdale Quarter, a 275-unit apartment community in Scottsdale, Arizona.