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 have been given the green light to develop a mixed-use project on the 44-acre property.
The ambitious project will include residential units, office space, a hotel, retail stores, and even a sports complex. The funding for this large-scale development will be provided by a bond referendum on November’s ballot in Cary.
Construction is set to begin late next year with an estimated timeline of 10-15 years for completion. In addition to over 1,700 residential units and 350 hotel rooms, Loden Properties and Northpond Partners plan to bring several other amenities to the site:
935 square feet of office space
550 square feet of retail/commercial space
328 square feet dedicated as community/sports recreation center
235 square feet designated for research/lab facilities
This exciting transformation marks an important step forward for South Hills Mall under its new ownership group.
