[Belk Place: Carolina Theater and Hotel Intercontinental]

This is the same name, but not a similar project. Firstly, Novare is not a part of this project. It is Camden, who originally was involved in Berkman, now taking a backseat to Jim Donnelly, who developed the Trust. Apparently, the Trust was so popular, he had some leads or ready buyers to do a similar project. They will do this almost exactly like the Trust, only bigger and a new building structure. It will be all luxury units over $2m, where the buyers will have complete ability to design the floor plan to their liking.

The idea is that luxury condos allow for larger square footage, so you can afford to do the project but have much fewer total units. That helps to eliminate the problem with parking. It appears that they will simply have a single 'surface lot' of parking on top of the theater, rather than a whole deck like Camden planned for Berkman. They then just need to do an elevator up to it, rather than all the decked spaces turned 45-degrees.

I think this is a great idea, and appears to be the only way to make this project happens. Parking was a big problem for this site, so this seems like a great solution. If Donnelly had a decent number of buyers leftover after the Trust, then that might be enough to simply get started with building. It won't take that many buyers to make 50% with such a fewer total number.

Yes, this will be an awesome development and a great location... Although I dont believe the buyers will be able to totally custom design their floorplan... at least not without a fee to do so. And, the parking will more likely be where owners pull in off of 6th St and pull into a car elevator which will take them directly to their condo level of the building where they can pull into one of their two private car ports.