Crescent Resources & Active Adult Communities

The number of active adult communities is on the rise throughout the country. Adults are entering these private communities at younger ages and living in them while they continue to pursue a career. Crescent Resources, a leading developer of these communities, continues to make progress toward a high quality of life for adults age 55 and over.

Crescent Resources expects to oversee soon the development of many new upscale, gated, retirement communities in the Pittsboro area. Area developments will be headed by Crescent’s first Triangle office, located in Raleigh.

The purchase of 391 acres in Chatham County, totaling $9.1 million, will be added to Crescent Resources’ current private community projects, which include the 588-acre Cedar Lake project in Franklin County and the purchasing of an adjoining 398 acres that will be used for yet another gated community.

This private community, called Meadowview, will connect to the 700-acre golf course community of Chapel Ridge. The original plans for Meadowview were developed by a local partnership and consisted of 715 homes on 795 acres. Crescent plans to build only 580 homes in this retirement community.

The firm also plans to buy 680 acres just minutes from Meadowview and begin development on yet another gated community. Construction on the first private community, Cedar Lake, is expected to begin early this summer. Cedar Lake will feature 120 lots on 588 acres about three miles north of Youngsville. The community will also feature an 80-acre lake. Home sites consisting of one to six acres will range from $150,000 to over $500,000. Homes will start in the $800,000 range. An active adult life will be fueled by 100-acre Park, many walking trails, canoeing, and kayaking.

Other community developments belonging to Crescent Resources include Ballantyne Country Club and Highgrove in Charlotte and several developments around Lake Norman.