A five-story, 62,000-sf commercial building adjacent to the residential buildings will include three floors of class A office space above two floors of retail space. Pedestrian-level retail is expected to draw small shops and dining and the second-floor retail space is expected to draw service-oriented retail tenants.

The project is aimed at providing lower cost condominiums in the area. Others just a few blocks north of the site routinely sell for $1 million or higher. While the higher-end condos are designed for those seeking proximity to Myers Park Country Club, Tranquil Court on Selwyn is aimed at residents seeking housing that is walking distance to popular local attractions, such as Nolen Kitchen and Selwyn Pub, Crosland execs say.

The project is being developed on land acquired by Eastern Federal in 2005 and 2006 near existing retail properties the company already owns. Residential sales are being handled by Cottingham-Chalk's developer services division. The design team includes LandDesign and BB+M Architecture. Crosland's contracting division is constructing the residential building while J.F. Schultze Construction will be the site, parking structure and commercial building general contractor. Retail leasing will be handled by Crosland, with First Colony Corp. handling office space leasing. All companies involved in the project are locally based.