After investing $38.4 million to purchase South Hills Mall in Cary three years ago, the town has finally approved plans for a new and improved look. Loden Properties and Northpond Partners are leading the development project, which will include a mix of residential, office, hotel, retail and sports facilities on the 44-acre site. The funding for the sports complex will be included in a bond referendum on November’s ballot.
The construction timeline is expected to span over 10-15 years with plans to begin building at the end of next year. Along with 1,755 residential units and 350 hotel rooms, Loden Properties and Northpond Partners have proposed:
935 square feet of office space
550 square feet of retail/commercial space
328 square feet dedicated to community recreation
235 square feet allocated for research labs
This exciting transformation is set to revitalize South Hills Mall into an innovative mixed-use destination that will benefit both residents and businesses alike.
