It seems clear but, to be certain, can a core and shell project have an occupancy of less than 50%? I have a project that wants to go New construction but, I think this MPR5 will keep them from meeting the min req. for NC and I think the only option is to go Core and Shell. Only the first floor is built out and occupied even thought the entire building is renovated. The other floors are simply core and shell. HVAC is treating the upper floors as unoccupied.