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Belk Place: Carolina Theater and Hotel Intercontinental


Andyc545

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Question, and I don't mean this to sound pessimistic: if for any reason the slow construction and/or market variables wind up raising the cost of this project significantly before it's finished, is there any reason to worry over where the funding will come from? As this was bankrolled by a lot of donation-type sources, have they continued to accept donations after launching construction just in case of a thing like this, or was it only started when there was enough in reserve to account for cost hikes, or is there some other way they might avoid troubles with money if the scenario I named should occur?

 

I feel woefully undereducated, hah.

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28 minutes ago, Eightane said:

Question, and I don't mean this to sound pessimistic: if for any reason the slow construction and/or market variables wind up raising the cost of this project significantly before it's finished, is there any reason to worry over where the funding will come from? As this was bankrolled by a lot of donation-type sources, have they continued to accept donations after launching construction just in case of a thing like this, or was it only started when there was enough in reserve to account for cost hikes, or is there some other way they might avoid troubles with money if the scenario I named should occur?

 

I feel woefully undereducated, hah.

Pretty sure the money raised was to restore the theater the hotel is being done by a separate developer with their own financing.  Here is the story in their own words

https://carolinatheatreclt.org/theatre/project/

Edited by KJHburg
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Interesting thing I did not know this developer is from Melbourne Australia and the hotel operator Valor is from Atlanta.  

https://www.sbggroup.com.au/portfolio/     the rendering and information on their webpage is out of date. 

I dont remember this being in the press this is a EB5 deal for foreign investors. 

https://www.atlascapitalfm.com/eb-5-usa/atlas-eb-5-projects/

Edited by KJHburg
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1 hour ago, Desert Power said:

Love the design but I wish it were a different color.  Am I the only one that thinks we have too much blue glass in the skyline?

I think its going to be a darker blue than this. I emailed the rendering to the developer in Australia to see if they have any comments.

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On 9/18/2018 at 5:02 PM, ricky_davis_fan_21 said:

I think this is part of the updated, meanwhile, they could have actually used a photo of Charlotte to create it lol. Also looks like its listed at 420'

01_web3-1.jpg

Looking back, is this the same type of glass as in the rendering above? Or am I looking too much into how glass is rendered.

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Looking back, is this the same type of glass as in the rendering above? Or am I looking too much into how glass is rendered.

I think the other rendering is not at twilight, and not as fleshed out. I emailed the developer, told them I was going to run this photo next week and maybe that’ll get a response. I actually like what I see, I always thought the cascading glass would be the first thing to get VEd out


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Now I am confused I thought the glass had a pattern or something in it.  Those renderings on the 2 different websites I noted look different.  
so was this the old rendering or what?   I thought this was the design.
 
Carolinatheaterhotel.jpg.63fc2400245d7cd6123a999e1ba420f6.jpg

That’s 2 years old man. Costs change, construction gets more expensive, labor gets more expensive. And every time you get a big setback, something has to get taken out. Just like when you gut renovate a old house.


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33 minutes ago, ricky_davis_fan_21 said:


That’s 2 years old man. Costs change, construction gets more expensive, labor gets more expensive. And every time you get a big setback, something has to get taken out. Just like when you gut renovate a old house.


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Residential equivalent:

A landscape contractor said he was returning next life as a demo specialist. Landscapers are last on the site, ground is destroyed, debris everywhere and homeowner has blown budget so landscaper has to do 50k$ with 0k$. Meanwhile demo comes first, knocks down, hauls, and grabs first check-on to the next job. Next life, demo.

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