Turns out the property at the corner of Foster & Corporation -- where one of the old Nu-Tread Tire buildings was torn down and where a seven-story condo building was reported to be under consideration -- is owned by "Durham Credo-1 LLC" and the C.N. Clark Co., AKA Denny Clark.
Reportedly (according to both local development sources and one of the wallmaps at Saturday's downtown Durham charette), the project is in fact to be called the Durham Credo, a reference to (wait for it) the Kevin Costner speech in Bull Durham--you know, the one that has Costner sweet-talking Susan Sarandon's Annie character in a rather poetic fashion and which has, oddly for the movie's R rating, become a model for secondary school poetry assignments around the country, according to Google. (I still ask, when will we escape the Bull Durham references? Is there a patch or twelve-step program that can help?)
Anyway, the project reportedly will feature retail along at least the Foster and Durham Central Park sides of the development.
Clark and his team have applied for NC Brownfields treatment for the project, which allows developers of former industrial and other polluted properties to be held to different decontamination standards than the initial polluter in order to redevelop the site for new uses. The Credo name is also starting to filter out into the community -- with the Durham Credo sponsoring a raffle over at the Durham Central Park School recently, for instance.
There was a pretty lively discussion here a couple of weeks ago about the project and how it'll fit into the local Central Park environment. My initial reaction to the project's height was cautious, but after driving through the area and looking at the neighboring buildings (particularly the warehouses across Foster), I'm curious to actually see some elevations to see how this will fit into the area given the height. Drawing a critical mass of dwelling units to this part of downtown does seem like an important step towards cementing some of the other redevelopment opportunities around the DAP/Central Park area.