After a $38.4 million purchase three years ago, South Hills Mall in Cary is finally getting a much-needed makeover. The town has given the green light for developers to begin work on a mixed-use project spanning 44 acres.
Loden Properties and Northpond Partners are leading the development, which will include residential units, office space, a hotel, retail options and even a sports complex. A bond referendum set for November in Cary will provide funding for the sports complex.
The project is expected to take between 10-15 years to complete with construction starting at the end of next year. Along with over 1,700 residential units and 350 hotel rooms, Loden and Northpond plan to bring several other amenities including:
935k square feet of office space
550k square feet of retail/commercial space
328k square feet dedicated to community and sports recreation
235k square feet designated as research/lab facilities
This transformation marks an exciting new chapter for South Hills Mall under its new ownership group.
