Crescent Communities, Pretium start leasing for Harmon Five Points … – The Business Journals

Charlotte developer Crescent Communities and joint-venture partner Pretium have launched leasing on the first of their build-to-rent communities in the local market to be completed. Harmon Five Points, located off Seldon Drive in the historic West End area, consists of 76 three-story, three-bedroom townhouses with private garages and balconies.
This is one of four projects — and the second in Charlotte — to be developed by Crescent and Pretium with a $1 billion investment announced by the firms in September 2021. Work on Harmon Ballantyne started a few months later; its website currently says leasing for that community is “coming soon.” The joint venture also has Harmon communities in Moncks Corner, South Carolina, and Sarasota, Florida.
The partners bought the roughly 5.5-acre site for Harmon Five Points for $11.9 million, CBJ reported last May. It’s near Johnson C. Smith University, adjacent to Five Points Park and the Stewart Creek Greenway, and within walking distance of the CityLynx Gold Line streetcar.
Communal spaces include a fire pit with outdoor lounge seating and a lawn area for gatherings and pets.
Interior finishes include stainless-steel appliances, granite countertops and smart-home technology, with each home designed to be energy and water efficient.
The community is the first for the Harmon brand to be certified by the National Green Building Standard for sustainable construction and development.
Progress Residential, Pretium’s single-family rental management services platform, is handling leasing and property management services. Monthly rental rates will start in the $2,700s, according to a spokeswoman.
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