Crescent Bend Development

About Crescent Bend Development

Crescent Bend Development is a real estate operator headquartered in Knoxville, TN. Crescent Bend Development operates in Chattanooga, Tennessee-Georgia, Clarksville, Tennessee-Kentucky and Kingsport-Bristol, Tennessee-Virginia. Its investment focus is on Multifamily - Ground-up and Standalone Retail.

Crescent Bend Development is a Knoxville, Tennessee-based real estate development firm founded by sole owner Paul J. Murphy, III. Operating with over 25 years of industry experience, the private enterprise functions as a boutique team of real estate and development professionals. The company focuses its portfolio on Class A multi-family residential housing, specializing in luxury apartment communities. Its operational model handles site selection, municipal entitlement procurement, design-build coordination, bidding management, and leasing execution. Notable properties include Crescent Ebenezer with 324 units and The Preserve at Spring Creek with 216 units. The organization concentrates its geographical footprint across Knoxville and regional markets in East Tennessee. Across its operating history, Crescent Bend Development has successfully constructed and delivered over 4,400 multi-family units representing a total construction value exceeding $650 million.

Principals at Crescent Bend Development