TAMPA, Fla., Feb. 13, 2013 /PRNewswire/ -- As the popularity of apartment living continues to surge nationwide, Crescent Resources is changing the name of its landmark multifamily development in Tampa from "Circle" to "Crescent," more closely aligning with Crescent's overall emphasis on community building and innovative design in all of its developments. The official name change takes place in conjunction with the Feb. 13 groundbreaking ceremony for its $68 million Crescent Bayshore apartment community.

"Crescent is focusing on innovation in all aspects of our work, including how we design and build multifamily communities for the way people live today," said Brian Natwick, president of Crescent's Multifamily Division. "By shifting the name of our apartment communities, we are signifying that when you see the Crescent name on a development, whether it's apartments or mixed use, you can be confident of a thoughtful approach to every aspect of the community, from site selection to amenities and from sustainability to community building."

Crescent Bayshore, which marks Crescent's fifth multifamily project in Tampa, is a new apartment community that will feature 367 thoughtfully-designed residences, unparalleled lifestyle amenities, inspiring Spanish eclectic architecture, and great views of the city and the water. Expected to open in the Spring of 2014, Crescent Bayshore will offer residents an extraordinary lifestyle that celebrates the very best of Tampa, including an exclusive Hyde Park address, nearly 600 feet of frontage along the water, front door access to Bayshore Boulevard, and waterside walkability to work, dining, and entertainment. 

The apartment's interior features include gourmet kitchens with granite countertops, prep islands, and stainless steel appliances. The bathrooms will be finished with granite countertops, ceramic tile floors and tub and shower surrounds. And each unit features high ceilings, spacious walk-in closets, and private balconies along with touches like recessed lights, fans, and built-in USB outlets.

Within the community, more than 15,000 square feet of concierge-style amenities complement the property's remarkable location. Sophisticated public spaces such as soaring lobbies, wine lounge with reserved storage, swanky pub room, and secluded reading areas are combined with the on-the-go spaces that today's urban resident demands, including a cyber cafe, state-of-the-art conferencing, Starbucks© coffee kiosks, digital dry cleaning, and a signature, two-story health club and fitness center overlooking the expansive pool deck and the bay. 

For outdoor relaxation, residents can choose between three secluded courtyards, two rooftop terraces or the 7,000 square foot resort-style pool deck complete with an outdoor kitchen, covered dining, and bay-side lounging.

The rich package of amenities offered by developers such as Crescent is drawing an increasing number of people to apartment living. An ever changing jobs market is also motivating individuals and families to elect apartment living for the increased career flexibility that rental housing can provide.

"By making the Crescent name part of our new multifamily properties, we're ensuring potential residents that they can rely on our apartments to create communities where they can live, network and access services that enrich their lives," Natwick said. "As we break ground on Crescent Bayshore, we're preparing to provide Tampa residents with a unique lifestyle that meets their needs for living, working and playing."

More information on Crescent Bayshore can be found at www.CrescentBayshore.com.

About Crescent Resources

Crescent Resources, founded in Charlotte in 1969, is a diversified real estate firm with 20 master-planned communities and eight multifamily communities with 2,900 units under development and an additional 2,900 multifamily units in predevelopment. The company owns approximately 72,000 acres across its four divisions, including 1,400 acres zoned for commercial use.

SOURCE Crescent Resources