Crescent Communities luxury developer to invest $433M in metro Phoenix; including 288-unit, NOVEL Heritage Park in Gilbert

8/12/2025

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Phoenix Business Journal

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• Subcategory: MF: Market Rate

• Tag: Business: Insights | New Construction | Q&A | Strategy

• Additional Filters-Subcategory: MF: Midrise

• Company: Crescent Communities

Story Highlights
Crescent Communities plans two additional luxury apartment projects in the Valley.
Work on Novel Heritage Park, a $113 million development, is already underway in Gilbert
Population growth fuels demand for luxury apartments in Phoenix metro