Posted on April 20th, 2016
Crescent Cityscape, our new Nashville high rise project with Crescent Communities and Pearl Street Partners, was unanimously approved last night by Nashville’s Metro Development and Housing Agency Design Review Committee (MDHA). Located in the heart of downtown, the 35 story luxury high rise will include approximately 300-350 upscale residential units and 10,000 square feet of street level retail and restaurant space along Demonbreun Street. Construction on the site is projected to kick off Q1 of 2017.
This project further emphasizes Crescent Communities and Pearl Street Partners commitment to the positive growth and revitalization of Nashville.
About Crescent Communities
Crescent Communities, LLC is a leading real estate investment and operating firm creating long-term value by developing thoughtful, sustainable communities that improve people’s lives. Founded in 1963, Crescent’s original mandate as a land management company continues to inform its commitment to the wise stewardship of natural resources. The company finances, plans and develops residential, multifamily, mixed-used and commercial properties and land assets, valued in total at $1.2 billion. Crescent is recognized for its innovative approach to development, robust capital deployment, seasoned leadership team, and proven model of sustainability. For more information, visit CrescentCommunities.com.
About Pearl Street Partners
Pearl Street Partners is a diverse real estate development and services company based in Brentwood, Tennessee. Established in 2005 by Khris Pascarella a 28-year veteran of the multifamily development industry, Pearl Street Partners focuses its multifamily development efforts on residential or mixed use projects with a significant commitment to market underwriting, product research, architecture, landscape architecture and integrated amenities. A keen awareness and respect is given to each project’s built environment to ensure that it fits within the fabric of the community it joins. Since 2012 Pearl Street Partners has completed or is involved in the planning, development and construction efforts of over 1,200 multifamily residential homes in the Nashville area valued in excess of $240 million. Visit pearlstreetpartners.com to request additional information.
Posted on December 30th, 2015
Earlier this month at The Preston Partnership’s annual holiday party, we celebrated our company’s 20th year in business. We took a look back at our humble beginnings as a small retail firm, and the journey of change and growth that brought us to where we are today as the seventh largest architectural firm in Atlanta. The last 20 years have been filled with some amazing projects, great clients, tough economic cycles, hard-learned lessons, and a lot of laughter to get us through it all.
To properly celebrate this auspicious occasion, we surprised our founder and CEO, Bob Preston, with a light hearted “Celebrity Roast” by a few VIPs who have been longtime clients and friends of The Preston Partnership (see photos below). Each of these roasters has played a key role in the success of our firm over the last 20 years, and we are grateful for their hilarious (and often relentless) roasting of our Vision Keeper!
With the New Year upon us, we are excited about where we are and what has been accomplished in 2015: our quality assurance program is humming along smoothly, our technology platform has been expanded, we have an incredibly talented staff and our documents are stronger than ever. We look forward to a healthy pipeline of projects and another year of measured growth with a great deal of fun along the way.
The Preston Partnership would like to extend our thanks and gratitude to everyone who has been a part of our success over the last 20 years: our staff, clients, consultants, vendors, and competitors – we would not be where we are today without you. We wish you all a wonderful holiday and a blessed and prosperous new year!
|Bill Bassett with Cousins Properties has history with Bob that goes back over 25 years.||John Long of South City Partners was part of the team that gave us our first high rise project in 2001.|
|Chris Cassidy of Lennar helped give us our very first multifamily projects when we worked for Post Properties back in 1997.||Nelson Sexton of Hodges & Hicks worked with us on most of our high rise projects in the last cycle with RJ Griffin and later JE Dunn.|
|Andy Preston, our Chief Financial Officer and brother of Bob
Preston, honored his big brother with some scathingly hilarious
|To see how much difference 20 years makes, some of our staff submitted photos of themselves from 20 years ago. We had a blast looking back and trying to figure out who was who!|
Posted on December 21st, 2015
The Preston Partnership recently participated in Atlanta’s 2015 Canstruction, a charity competition where the design community competes by creating structures made entirely from canned foods. The recipient of the food and donated funds is the Atlanta Community Food Bank. 2015 was also a landmark year for CANstruction Atlanta, which collected and donated over $20,000 and 50,795 pounds of food for the Atlanta Community Food Bank.
The theme of our structure, We Can Think Globally and Act Locally, portrays a global mind structured in form by local action. Our structure was composed entirely of 7,002 tuna cans. This year our structure was dedicated to Bill Bolling, a man whose local actions include the founding of the Atlanta Community Food Bank in 1979, and whose global influence helped to start up food banks around the world. Thank you for your service!
This year, we won awards for both Juror’s Favorite and Most Cans!
This year’s overall team included: Adam Blatner, Adam Carroll, Adam Parrish, Ashleigh Hoppe, Cameron Palm, Carolyn Mraz, Chad Perusse, Fang Wang, Joe Reboulet, Katy McNulty, Marissa Swanson, Matt Belt, Mel Doyle, Mohit Savur, Nata Saslafsky, Neil Esser, Neil Waddle, Nick Buck, Nick Valvo, Patsy Yike, Tami Wolf, Todd Reed and Whitney Hackett.
We also owe a huge round of thanks to Nick Telesca and Branch Properties, Chicken of the Sea, and Ellinwood+ Machado for their support of this year’s build with their generous sponsorship that helped us to take on such a mammoth project.
Posted on November 3rd, 2015
Late last week, South City Partners and the City of Kennesaw were presented with an LCI Achievement Award for one of our projects: Revival on Main. This award recognizes a project that significantly advances the implementation of a community’s Livable Centers Initiative plan. Congratulations to everyone for designing a fantastic project that enhanced a community and served as a catalyst for future growth!
Revival on Main is a mixed use project that was developed by South City Partners in a cooperative effort with the City of Kennesaw to rejuvenate the downtown area as a vibrant destination for shopping, dining and living. In addition, the project would provide the city with much needed free, easily accessible, public parking.
The five-acre project provides 252 residential units in 4 stories of wood-frame construction over a concrete podium housing 10,000 square feet of restaurant and retail space. A six-story parking deck provides 414 spaces for residents, city employees and downtown visitors, with additional surface parking located around the perimeter of the property.
Embracing the principles of new urbanism, Revival on Main was designed to create opportunities for walkability and connectivity, while articulating Kennesaw’s rich history and inspiring a more traditional downtown neighborhood structure. Taking cues from the surrounding context, the architectural aesthetic incorporates Georgian and Federalist features. The project is anchored by a red brick corner which exhibits typical Southern vernacular elements seen along Georgia’s Victorian-era, small town main streets. The red brick and cast stone façade, varied massing, colorful retail awnings, and street level residential entry stoops invite pedestrian activity and convey a sense of warmth and southern charm.
Located at Main Street and Watts Drive adjacent to City Hall, Revival on Main was designed to establish a sense of place for Kennesaw’s residents and act as a benchmark and catalyst for further downtown development. Creating a walkable environment with pedestrian interest and connectivity was essential to draw visitors to the downtown area. Attractive retail storefronts, broad sidewalks, public parking, outdoor dining, and open plaza spaces with park-like seating and water features encourage city residents to walk, gather and interact as a community. The rear of the site is oriented for direct access to the future Camp McDonald Park, a passive park to be developed by Cobb County.
In addition to the numerous public amenity spaces, Revival on Main residents enjoy 8,000 square feet of private amenity space including a 2-story clubroom with catering kitchen, state-of-the-art fitness center, and yoga room. Two residential courtyards feature a resort style saltwater pool, grilling stations, bocce ball courts, a fire pit and outdoor lounge seating.
Posted on October 14th, 2015
Earlier this week we received our official trophy for the 1st Annual Speed for Need Racing Championship, which was held last month at Andretti Speedway. This charitable A/E/C industry event was held on September 12th and was organized and hosted by Cooper Carry to benefit Wounded Warrior Project.
We are honored to be the first champions of what is sure to become an industry standard event in the years to come. Thanks to Nata Saslafsky for his big win and thanks to Cooper Carry for a fantastic event! We will bring the trophy to next year’s event… where we hope to bring it back to TPP again!
Posted on February 25th, 2015
We are proud to announce that 8th & Hope was recently honored as Los Angeles’ 2015 Multifamily Project of The Year at the Los Angeles Business Journal’s Annual Commercial Real Estate Awards. 8th & Hope is enjoying great success and accelerated leasing, while enhancing and connecting to the surrounding downtown LA community with its arts-focused Ground Floor Project. Congratulations to Matt Construction, Wood Partners, and the entire project team on a beautiful and successful project!
Posted on February 12th, 2015
Crescent Communities just announced the mixed-use transit oriented Uptown Charlotte project we are working on and it is making headlines…
Crescent Communities has confirmed that Whole Foods Market will be the retail anchor for a mixed-use project on East Stonewall Street that will include 450 apartments units, up to two hotels and an additional 15,000 square feet of retail space.
The 47,000-square-foot grocery store will be integrated into the planned apartment project at the uptown Charlotte site and will be immediately adjacent and connected to the light-rail line, with an entry point into the store from the Stonewall station.
The development also will feature a public plaza at the light-rail deck, says Ben Collins, regional vice president at Crescent.
“We would contend that this is one of the most transit-accessible grocers in the country because you can literally walk right off the light rail and into the store,” he says. “Between this and Tryon Place, we’re really trying to anchor the southern edge of uptown and redefine urban living for Charlotte and bring all the everyday necessities to uptown residents and workers.”
Crescent is planning a five-story midrise apartment building that will wrap around a 1,200-space parking deck. And it plans to build 10 to 12 stories of additional residential units on top of the deck, creating a high-rise residential tower that would climb to 20 stories. The parking deck would serve the Whole Foods (NASDAQ:WFM) store, the residential units and up to two hotels and 15,000 to 20,000 square feet of additional retail.
Crescent has its hotel partners in place and will announce those in the coming months, Collins says. The company intends to start all phases of development in the fourth quarter of this year and expects to complete the project in 2017.
The as-yet-unnamed project is slated for 5.4 acres that Crescent has under contract on the south side of Stonewall Street, between South Caldwell Street and The Westin Charlotte. That includes a 3.6-acre parcel owned by the city and 1.7 acres closest to The Westin, including a nightclub building, that are controlled by the Mellisaris family, which is partnering with Crescent on the development.
With the mix of a grocer, residential and hotel uses planned for the site, Crescent is working to complement its planned Tryon Place development on the opposite side of The Westin, at South Tryon Street and Stonewall, where the firm is planning an office tower, restaurants and retail, and a 300- to 400-room hotel.
The Whole Foods store would be the first full-sized grocery in uptown Charlotte. The center city has a Harris Teeter store on the ground floor of the Fifth & Poplar condominium development project, but at 18,000 square feet, it’s much smaller than the average store.
Bill Moseley of Moseley Real Estate Advisors represented Whole Foods. Lord Aeck Sargent and Preston Partnership provided site planning and design services for Crescent, and Land Design is the civil engineer.
– Will Boye, Charlotte Business Journal
For more information on Crescent Communities and their ongoing Projects please visit their website.
About Crescent Communities
Crescent Communities, LLC ( www.crescentcommunities.com) is a leading real estate investment and operating firm driven to create long-term value by developing thoughtful, sustainable communities that improve people’s lives. Founded in 1963, Crescent’s original mandate as a land management company continues to inform its commitment to the wise stewardship of natural resources. The company finances, plans and develops properties in the Sunbelt and Mid-Atlantic markets that represent more than 50% of the U.S. population growth over the next decade. Its multi-product platform includes residential, multi-family, mixed-used, commercial and land assets, valued in total at $1.2 billion. Crescent’s robust capital deployment, seasoned leadership team, and model of sustainability enable the company to maximize opportunity in a recovering real estate market.
Posted on November 25th, 2014
Construction is moving quickly at Square on Fifth, so the entire project team from TPP took the opportunity to tour the high rise that they have been designing for well over a year. It was a lot of fun for everyone and a great learning experience for the entire team to see building details translated into reality out in the field. Developed by South City Partners and Gateway Development, this 23-story student housing tower on Tech Square in Midtown Atlanta will be complete and ready for move-in by Summer 2015.
|After some finagling, we get the team together for a group shot on the latest completed floor.|
|Arthur Nerbas, Tim Williamson and Richard Kilpatrick survey the latest floor.||We capture a quick photo of Stefani Warshaw, the latest addition to Richard’s Team.|
|Ashleigh Hoppe takes in the sights from the top floor.|
Posted on November 21st, 2014
The Preston Partnership once again participated in Canstruction Atlanta 2014, a charity competition where the design community competes by creating structures made entirely from canned foods. The recipient of the food and donated funds is the Atlanta Community Food Bank.
This year, the theme of our structure, It Matters To This One, was inspired by the parable of a boy saving stranded starfish by throwing them back into the ocean. In light of the thousands of stranded starfish on the beach, his efforts may have seemed miniscule. But, to each of the individual starfish that were returned to the ocean, his efforts were life-changing. The parable reminds us that our efforts are never in vain, and that the actions of one person CAN make a difference.
Our starfish structure was composed of pink salmon topped with mandarin oranges in gel, while the back wall is a healthy combination of vegetables, beans and coconut milk. The water and sand are comprised of Jell-O snacks and applesauce.
This year’s team included Katy McNulty, Nick Buck, Connor Grace, Andrew Coletta (E+M), Darren Johnson (E+M), Nick Valvo, Carolyn Mraz, Patsy Yike, Ashleigh Hoppe, Ji Soo Park, Tami Wolf, Joe Reboulet, Erin Stachowiak, Todd Reed, Steve Byerly, and Keli Wheelis.
This year’s entire event was able to bring in a GRAND total of 41,768 lbs of food – that’s over 34,500 meals that will go to people in need around the metro-Atlanta area!
In addition, the Canstruction Committee, in conjunction with sponsors and donations from teams, were able to donate $18,000 in cash to the Atlanta Community Food Bank!!
Posted on October 17th, 2014
Joining in the festivities with a lot of industry folks, we participate in the 7th Annual Bowling for Boobs event benefiting Susan G. Komen For The Cure. In the spirit of the event, we aim to win the coveted “Breast Dressed” award by designing spirited bowling shirts for our TPP team, “Tough Tatas”. We had a varied and sundry collection of bowling talent backed by a fantastic fan base to cheer us on. Even though we didn’t win first prize, we had a blast and supported a great cause!