Filed under: Real Estate Developments
A new condo tower in Charlotte, North Carolina promise some of the priciest and most distinctive penthouses in the city. The 20-story Encore condo tower includes the Encore 5 – five 7,000-square-foot units priced from $4.5 million to $5.5 million which are pitched at five specific types of buyers: the art collector, the food enthusiast, the wine connoisseur, the technology buff and the consummate entertainer. So far, condos in the area haven't sold at this price but the developer behind the Encore believes that these five penthouses can sell because they are each aimed at that one special person who will love the idea. Each of the five penthouses will be specifically designed to incorporate the interests of the penthouse buyer.
The Encore project will preserve the 81-year old Carolina Theatre at North Tryon and East Sixth streets and offers three floors of office space, a restaurant level, theater lounge floor, an amenities floor for residents and a 1,400-seat auditorium for movies, live entertainment, charitable benefits and corporate events. The developer Jim Donnelly of Pursuit Group Charlotte told the Charlotte Observer that he has "contracts on nine units priced from $1.75 million to $5.5 million" and hopes to break ground this summer.