Crescent completes Circle at South End - Charlotte Business Journal:

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The $68 million project features studiosand one-, two- and three-bedroo m apartments ranging from 550 to 1,650 square feet. Charlotte-based Crescent pursued the $68 million project alonv the light-rail corridor in a partnershipo with Sarofim Realty Advisorsof Dallas. Crescenf Resources is seeking LEED certification for Circle atSouth End. The developmentt features water-efficient landscaping, energy-efficient appliances and recyclerdbuilding materials. This month, the real estate development company and 120 of its saddled with morethan $1 billio n in liabilities, filed for voluntary Chaptee 11 bankruptcy protection. Crescent has more than 5,000 according to its Chapter 11 filing.
Its assetx are estimated at morethan $1 billion. , , and are among Crescent’zs largest unsecured creditorsin Charlotte. The companyu — jointly owned by Charlotte-based (NYSE:DUK) and (NYSE:MS) — is best knowb here for high-end real estate communities such as The Peninsula and BallantynedCountry Club.