The original plan was to include a 30-story office tower; a250-room hotel; 293 apartments; 125 condominiums; a movie theater;an aquarium; 206,000 sf of retail; a trolley car stop and 1,350parking spaces.

LCOR's expanded version would add all of the following to theoriginal plan and push the development price to $311 million: a150-room extended-stay hotel; an 88,000-sf theater and publicspace; 21,000 more sf feet of retail; 500 more parking spaces, andlast but most aesthetic, an elevated 1.5-acre garden/park in thecenter of the complex.

John Infantino, vice president of LCOR, describes the park as asmall urban oasis, with sculptures, fountains and benches. Sinceparks are a county responsibility, Mecklenburg County commissionersare considering helping to build the 1.5-acre park.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.