“Transformation Plans in Motion for Cary Mall Owners”

"Transformation Plans in Motion for Cary Mall Owners"

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.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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