Crosland LLC, developer of mixed-use communities such as

Crosland LLC, developer of mixed-use communities such as Birkdale Village in Huntersville, North Carolina, has teamed up with Northwestern Mutual to create the Southeastern Investment Fund. The new fund is expected to have $225 million for land purchases, enabling the Charlotte-based company to pursue larger-scale, longer-range developments than in the past. Outlying growth corridors and urban infill redevelopment will be the fund’s targets. One project that will benefit from the fund is the South Boulevard transit-oriented development, a 35-acre, $200 million undertaking expected to break ground this year. The Fund will also invest in Nashville, Tennessee, where Crosland is developing Terrazzo, a 14-story, mixed-use, $65 million complex, and Griffin Plaza, a 280,000 sq. ft. $35 million mixed-use project — both of them in The Gulch, a 55-acre, $400 million urban redevelopment project. Birkdale Village, with styling influenced by Nantucket, Massachusetts, is a 52-acre development that includes retail, restaurants, entertainment, and 372 apartments, most of them above shops. South Boulevard, in Charlotte, is along the Charlotte-to-Pineville light rail line. The chairman and CEO of Crosland is Todd Mansfield, who was an executive involved in the development of Celebration, Florida.