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CHARLOTTE-Crescent Resources of Raleigh, NC has broken ground on Airport West, a planned six-building, 750,000-sf business park on Sam Wilson road near I-85, I-485, the airport and Wilkinson Boulevard. The first 200,000-sf building is expected to be completed in first quarter 2002.

Crescent officials didn’t return a GlobeSt.com phone call for construction cost details. But area construction industry estimators familiar with comparable jobs tell GlobeSt.com the 65-acre project will probably come in at $56 million based on a $75 per-sf hard construction cost.

Crescent didn’t disclose any pre-leasing details in its prepared statement. Average asking rent in the airport submarket is $3.50 per sf to $5.50 per sf, brokers tell GlobeSt.com.

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