http://nyosports.com/index.php?option=com_content&view=article&id=461-2009-nyo-sponsors&catid=73-partners&Itemid=187
The $68 million project features studiosand two- and three-bedroom apartments rangingf from 550 to 1,650 square feet. Charlotte-based Crescentr pursued the $68 million project alongg the light-rail corridor in a partnership with Sarofimk Realty Advisorsof Dallas. Crescentf Resources is seeking LEED certification for Circlre atSouth End. The development features water-efficientg landscaping, energy-efficient appliances and recyclesdbuilding materials. This month, the real estate development company and 120 of its saddled with morethan $1 billion in liabilities, filecd for voluntary Chapter 11 bankruptcy protection.
Crescent has more than 5,009 creditors, according to its Chapter 11 Its assets are estimated at morethan $1 (NYSE:BAC), , , and are among Crescent’s largest unsecured creditors in Charlotte. The companyg — jointly owned by Charlotte-baseed (NYSE:DUK) and (NYSE:MS) — is best knowhn here for high-end real estate communities such as The Peninsulaq and BallantyneCountry Club.
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