{ "id": "m-d2dc88c2e4", "slug": "cary-cary-towne-center", "type": "mall", "name": "Cary Towne Center", "aka": [], "city": "Cary", "county": "Wake County", "state": "NC", "country": "US", "census_division": 5, "lat": 35.77315, "lon": -78.75909, "geocode_method": null, "address": null, "metro": null, "original_use": "mall", "year_opened": 1979, "year_closed": 2021, "acres": null, "gla_sqft": null, "stores_peak": null, "levels": null, "original_developer": "local developers Seby Jones (who built Crabtree Mall and J.W. York (who built Cameron Village)", "original_architect": null, "before_notes": "Wikipedia categories: Demolished shopping malls in the United States", "strategy": [ "redevelop" ], "new_use": [ "retail", "housing", "office", "hotel", "civic", "entertainment" ], "share_retrofit": null, "status": "partial", "year_retrofit": 2022, "developer": "Epic Games", "architect": null, "after_notes": "As of April 2026, the site still stands vacant with only the former Belk building still intact", "narrative": "Cary Towne Center was an indoor shopping mall in Cary, North Carolina. It was anchored by Belk, Dillard's, Macy's, JCPenney, and Sears. It opened as Cary Village Mall in 1979, and was expanded and renamed in 1991. The mall, after years of struggle, closed in January 2021, eventually being demolished in Spring 2022.", "narrative_license": "CC BY-SA 4.0", "narrative_source": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "zoning_change": "zoning request for mixed-use redevelopment", "public_subsidy": null, "entitlement_year": null, "planning_notes": "The submitted mixed use proposal included retail (352,000 SF), residential (800 dwelling units), office (600,000 SF), hotel (600 rooms) and community spaces.", "wikidata_qid": "Q5047658", "wikipedia": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "osm_id": null, "verified": "draft", "verified_by": null, "last_verified": null, "last_updated": "2026-10-18", "created": "2026-10-18", "contributor_name": null, "contributor_org": null, "contributor_link": null, "international": 0, "county_fips": "37183", "opp_score": 0.0, "opp_reasons": [ "retrofit already built", "county grew 10.0% 2018\u201323", "median rent $1,508", "housing in the record" ], "for_sale": 0, "distressed": 0, "deep": {}, "elements": [ { "slug": "anchor-belk", "name": "Belk", "grp": "anchor", "evidence": "Belk", "origin": "wikipedia" }, { "slug": "anchor-dillard-s", "name": "Dillard's", "grp": "anchor", "evidence": "Dillard's", "origin": "wikipedia" }, { "slug": "anchor-jcpenney", "name": "JCPenney", "grp": "anchor", "evidence": "JCPenney", "origin": "wikipedia" }, { "slug": "anchor-macy-s", "name": "Macy's", "grp": "anchor", "evidence": "Macy's", "origin": "wikipedia" }, { "slug": "anchor-sears", "name": "Sears", "grp": "anchor", "evidence": "Sears", "origin": "wikipedia" }, { "slug": "era-closed-2020s", "name": "Closed 2020s", "grp": "era", "evidence": "2021", "origin": "extraction" }, { "slug": "era-opened-1970s", "name": "Opened 1970s", "grp": "era", "evidence": "1979", "origin": "record" }, { "slug": "era-retrofit-2020s", "name": "Retrofit 2020s", "grp": "era", "evidence": "2022", "origin": "extraction" }, { "slug": "finance-sold-2020s", "name": "Sold since 2020", "grp": "finance", "evidence": "2021 Epic Games", "origin": "research-deals" }, { "slug": "web-site-dead", "name": "Website dead or redirecting", "grp": "finance", "evidence": "http://www.vipformalwear.com/", "origin": "overture / http check" }, { "slug": "place-bike", "name": "Bike network nearby", "grp": "place", "evidence": "12 ways", "origin": "openstreetmap" }, { "slug": "place-apartment-boom-county", "name": "County permitting 2,000+ apartment units a year", "grp": "place", "evidence": "5,568 units, Wake County", "origin": "census-bps" }, { "slug": "place-growing-county", "name": "Fast-growing county (8%+ 2018\u201323)", "grp": "place", "evidence": "10%", "origin": "census-acs" }, { "slug": "place-grocery-800m", "name": "Grocery within 800 m", "grp": "place", "evidence": "3 stores", "origin": "openstreetmap" }, { "slug": "place-renter-majority", "name": "Renter-majority tract", "grp": "place", "evidence": "63%", "origin": "census-acs" }, { "slug": "place-prices-doubled", "name": "Tract house prices doubled in 10 years", "grp": "place", "evidence": "+113%", "origin": "fhfa" }, { "slug": "place-walkable", "name": "Walkable block group (EPA \u2265 12)", "grp": "place", "evidence": "index 14.7", "origin": "epa-walkability" }, { "slug": "policy-rezoning", "name": "Rezoning", "grp": "policy", "evidence": "zoning request for mixed-use redevelopment", "origin": "extraction" }, { "slug": "strategy-redevelop", "name": "Redeveloped", "grp": "strategy", "evidence": "As of April 2026, the site still stands vacant with only the former Belk building still intact", "origin": "extraction" }, { "slug": "use-civic", "name": "Civic and government", "grp": "use", "evidence": "new_use field", "origin": "extraction" }, { "slug": "use-entertainment", "name": "Entertainment and sports", "grp": "use", "evidence": "new_use field", "origin": "extraction" }, { "slug": "use-hotel", "name": "Hotel", "grp": "use", "evidence": "SF), residential (800 dwelling units), office (600,000 SF), hotel (600 rooms) and community spaces.", "origin": "extraction" }, { "slug": "use-housing", "name": "Housing", "grp": "use", "evidence": " submitted mixed use proposal included retail (352,000 SF), residential (800 dwelling units), office (600,000 SF), hotel (600 rooms", "origin": "extraction" }, { "slug": "use-mixed", "name": "Mixed use", "grp": "use", "evidence": "th only the former Belk building still intact The submitted mixed use proposal included retail (352,000 SF), residential (800 dwe", "origin": "extraction" }, { "slug": "use-office", "name": "Office", "grp": "use", "evidence": "uded retail (352,000 SF), residential (800 dwelling units), office (600,000 SF), hotel (600 rooms) and community spaces.", "origin": "extraction" }, { "slug": "use-retail", "name": "Retail (continued)", "grp": "use", "evidence": "ding still intact The submitted mixed use proposal included retail (352,000 SF), residential (800 dwelling units), office (600", "origin": "extraction" } ], "sources": [ { "id": 5872, "site_id": "m-d2dc88c2e4", "url": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "title": "Quoted support for year_closed", "publisher": null, "date": null, "quote": "The mall, after years of struggle, closed in January 2021", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18" }, { "id": 5873, "site_id": "m-d2dc88c2e4", "url": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "title": "Quoted support for original_developer", "publisher": null, "date": null, "quote": "local developers Seby Jones (who built Crabtree Mall and J.W. 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Jacobs Group.", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18" }, { "id": 5880, "site_id": "m-d2dc88c2e4", "url": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "title": "Timeline", "publisher": null, "date": null, "quote": "In 2001, the mall was sold to CBL & Associates Properties as part of a portfolio of 21 properties in nine states.", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18" }, { "id": 5881, "site_id": "m-d2dc88c2e4", "url": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "title": "Timeline", "publisher": null, "date": null, "quote": "On January 31, 2019, Turnbridge Equities and Denali Properties announced they had purchased the mall.", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18" }, { "id": 5882, "site_id": "m-d2dc88c2e4", "url": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "title": "Timeline", "publisher": null, "date": null, "quote": "Turnbridge and Denali announced plans in October 2020 to close and demolish Cary Towne Mall to transform it into a mixed-use project called Carolina Yards.", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18" }, { "id": 5883, "site_id": "m-d2dc88c2e4", "url": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "title": "Timeline", "publisher": null, "date": null, "quote": "However, it was announced in January 2021 that Epic Games had acquired Cary Towne Center for $95 million from Turnbridge and Denali", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18" }, { "id": 5884, "site_id": "m-d2dc88c2e4", "url": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "title": "Timeline", "publisher": null, "date": null, "quote": "The mall closed permanently on January 31, 2021 with the exception of Dave & Buster's, which planned to remain in the new Epic headquarters campus", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18" }, { "id": 5885, "site_id": "m-d2dc88c2e4", "url": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "title": "Timeline", "publisher": null, "date": null, "quote": "Demolition began in March 2022 and was completed by the end of April.", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18" }, { "id": 5886, "site_id": "m-d2dc88c2e4", "url": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "title": "Timeline", "publisher": null, "date": null, "quote": "In January 2025, Epic Games announced that the town of Cary has withdrawn their zoning request after more than three years of inactivity.", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18" }, { "id": 5887, "site_id": "m-d2dc88c2e4", "url": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "title": "Timeline", "publisher": null, "date": null, "quote": "As of April 2026, the site still stands vacant with only the former Belk building still intact, and future plans are unknown.", "kind": "wikipedia", "license": null, "retrieved": "2026-10-18" }, { "id": 358, "site_id": "m-d2dc88c2e4", "url": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "title": "Wikipedia: Cary Towne Center", "publisher": "Wikipedia", "date": "2026-10-10", "quote": null, "kind": "wikipedia", "license": "CC BY-SA 4.0", "retrieved": "2026-10-18" } ], "parties": [ { "name": "Richard E. Jacobs Group", "kind": "owner", "role": "owner (from text)", "year_from": 1991, "year_to": 2001 }, { "name": "CBL & Associates Properties", "kind": "owner", "role": "owner (from text)", "year_from": 2001, "year_to": 2019 }, { "name": "Turnbridge Equities and Denali Properties", "kind": "owner", "role": "owner (from text)", "year_from": 2019, "year_to": 2021 }, { "name": "Epic Games", "kind": "owner", "role": "owner (from text)", "year_from": 2021, "year_to": null } ], "events": [ { "id": 267, "site_id": "m-d2dc88c2e4", "date": null, "year": 1979, "kind": "opened", "detail": "Opened (Wikidata)", "share": null, "source_id": null, "verified": "draft" }, { "id": 3425, "site_id": "m-d2dc88c2e4", "date": null, "year": 1979, "kind": "note", "detail": "Opened as Cary Village Mall", "share": null, "source_id": 5878, "verified": "draft" }, { "id": 3426, "site_id": "m-d2dc88c2e4", "date": null, "year": 1991, "kind": "note", "detail": "Expanded to 1.1 million sq ft and renamed Cary Towne Center", "share": null, "source_id": 5879, "verified": "draft" }, { "id": 3427, "site_id": "m-d2dc88c2e4", "date": null, "year": 2001, "kind": "note", "detail": "Sold to CBL & Associates Properties", "share": null, "source_id": 5880, "verified": "draft" }, { "id": 3428, "site_id": "m-d2dc88c2e4", "date": null, "year": 2019, "kind": "note", "detail": "Purchased by Turnbridge Equities and Denali Properties", "share": null, "source_id": 5881, "verified": "draft" }, { "id": 3429, "site_id": "m-d2dc88c2e4", "date": null, "year": 2020, "kind": "note", "detail": "Announced plans to close and demolish for Carolina Yards mixed-use project", "share": null, "source_id": 5882, "verified": "draft" }, { "id": 3430, "site_id": "m-d2dc88c2e4", "date": null, "year": 2021, "kind": "note", "detail": "Acquired by Epic Games for $95 million", "share": null, "source_id": 5883, "verified": "draft" }, { "id": 3431, "site_id": "m-d2dc88c2e4", "date": null, "year": 2021, "kind": "note", "detail": "Mall closed permanently", "share": null, "source_id": 5884, "verified": "draft" }, { "id": 3432, "site_id": "m-d2dc88c2e4", "date": null, "year": 2022, "kind": "note", "detail": "Demolition began", "share": null, "source_id": 5885, "verified": "draft" }, { "id": 3433, "site_id": "m-d2dc88c2e4", "date": null, "year": 2025, "kind": "note", "detail": "Town of Cary withdrew zoning request", "share": null, "source_id": 5886, "verified": "draft" }, { "id": 3434, "site_id": "m-d2dc88c2e4", "date": null, "year": 2026, "kind": "note", "detail": "Site vacant with former Belk building intact", "share": null, "source_id": 5887, "verified": "draft" } ], "gallery": [ { "title": "File:Cary Towne Center.jpg", "thumb_url": "https://thumb.wikimedia.org/wikipedia/commons/thumb/d/db/Cary_Towne_Center.jpg/960px-Cary_Towne_Center.jpg?utm_source=commons.wikimedia.org&utm_campaign=imageinfo&utm_content=thumbnail", "desc_url": "https://commons.wikimedia.org/wiki/File:Cary_Towne_Center.jpg", "license": "CC BY-SA 4.0", "license_url": "https://creativecommons.org/licenses/by-sa/4.0", "author": "Pithon314", "date": "2021-04-25", "source": "commons-geo", "checked": null } ], "anchors": [ { "name": "Macy's", "wikipedia": null, "category": "anchor (Esri 2014 layer)" }, { "name": "Dillard's", "wikipedia": null, "category": "anchor (Esri 2014 layer)" }, { "name": "JCPenney", "wikipedia": null, "category": "anchor (Esri 2014 layer)" }, { "name": "Sears", "wikipedia": null, "category": "anchor (Esri 2014 layer)" }, { "name": "Belk", "wikipedia": null, "category": "anchor (Esri 2014 layer)" } ], "deals": [ { "id": 291, "site_id": "m-d2dc88c2e4", "kind": "sale", "date": null, "year": 2021, "price": 95000000.0, "price_per_acre": null, "price_per_sqft": null, "acres": null, "sqft": null, "buyer": "Epic Games", "seller": "Turnbridge Equities and Denali Properties", "broker": null, "lender": null, "loan_amount": null, "loan_maturity": null, "loan_status": null, "asking_price": null, "listing_url": null, "status": null, "notes": "scope: property", "source_url": "https://en.wikipedia.org/wiki/Cary_Towne_Center", "source_title": "Wikipedia", "source_date": null, "quote": "However, it was announced in January 2021 that Epic Games had acquired Cary Towne Center for $95 million from Turnbridge and Denali", "verified": "draft", "retrieved": "2026-10-18" } ], "owner_of_record": null, "ctx": { "assessment": { "what_happened": "Opened as Cary Village Mall in 1979, expanded and renamed Cary Towne Center in 1991 with anchors including Belk, Dillard's, Macy's, JCPenney and Sears. After years of declining performance, the mall closed in January 2021 and demolition began in spring 2022. As of April 2026 the site remains vacant except for the former Belk building, which is still standing.", "why": "The record notes the mall struggled for years before closing, but does not specify anchor losses, competition, or debt as reasons.", "where_it_stands": "The site is currently vacant with only the former Belk building intact, and is owned by Epic Games following its $95 million purchase in 2021.", "for_a_planner": [ "Precedent: a mixed\u2011use redevelopment proposal was submitted and later withdrawn by the Town of Cary in 2025.", "Policy tools used: zoning change request for mixed\u2011use redevelopment and a detailed mixed\u2011use program (retail, housing, office, hotel, civic).", "Open questions: whether a new mixed\u2011use plan will be approved, timing of any redevelopment, and the fate of the remaining Belk structure." ], "for_a_developer": [ "Control: wholly owned by Epic Games since the 2021 $95\u202fM purchase.", "Entitlement stage: the zoning request for mixed\u2011use was withdrawn in 2025, so no approved entitlements are currently in place.", "Proposed program scale: retail 352,000\u202fSF, 800 dwelling units, office 600,000\u202fSF, hotel 600 rooms, plus community spaces (per planning notes).", "Context constraints: floodplain, transit access, and environmental factors are not mentioned in the record and thus unknown." ], "risks_and_unknowns": [ "Original site size and parcel boundaries are not provided.", "Flood risk, transit proximity, and environmental constraints are absent from the record.", "The after_notes and status fields are marked as extraction and may be unverified.", "The zoning request withdrawal date (2025) comes from the events list without independent confirmation.", "Opp_score and opp_reasons are model\u2011generated and have not been reviewed." ], "data_quality": "partial", "one_line": "Cary Towne Center opened 1979, closed 2021, demolished 2022, now vacant except Belk building, owned by Epic Games awaiting 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