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DURHAM, N.C. — Charlotte, N.C.-based Crescent Resources has started construction on the $47 million, 303-unit Circle Ninth Street, an apartment complex located adjacent to Ninth Street and the Erwin Mill building in Durham. Raleigh, N.C.-based Cline Design Associates is the project and landscape architect for the development and Charlotte-based State Building Group is the general contractor. Financing for the property is being provided by an equity investment from Crescent Resources, U.S. Bank N.A. and Pearlmark Real Estate Partners.