Crescent Resources, known as Crescent Communities appears to be on a roll as it relates to developing master planned home communities in and around Fort Mill, SC. and Lake Wylie.
The 640 acre Springfield Community in the north part of Fort Mill began development winter of 2006. Crescent Resources announced last March the opening of a new development across from the 1300 acre Sanctuary community called Chapel Cove. Chapel Cove is planed for 250 home sites on 291 acres. It is located off of Shopton Road West in Mecklenburg county NC on the shores of Lake Wylie.
Currently, Crescent Resources in conjunction with a partnership called the Allison Creek Partners is in the planning mode for a massive 2300 acre development on the north and south sides of Big Allison Creek on Lake Wylie. This project is in the rezoning phase with York County. And Crescent plans to develop an additional 460-acre tract at the southern arm of Crowder’s Creek.
Crescent Resources is based in Charlotte, NC. They are a land development company that started back in 1969. Crescent’s funding comes from a joint venture partnership between Duke Energy Corp and the Morgan Stanley Real Estate Fund.