Raleigh-area Mall / Life-Style Center / RTP Redevelopments

Kane Realty ditches plans to buy Crabtree Valley Mall

https://www.bizjournals.com/triangle/news/2022/11/30/crabtree-mall-raleigh-kane-realty-eastdil-adia.html?utm_source=st&utm_medium=en&utm_campaign=EX&utm_content=ra&ana=e_ra_EX&j=29848622&senddate=2022-11-30

1 Like

Does it mention why?

Said Kane gave no comment for the piece…but TBJ then rattled on about the well-known obvious faults with the place aka being located on a flood plain. The piece mentions that flooding from pipe systems up Glenwood Ave cause flooding at the mall and repairs would be in the millions.

It did also mention they’re going to reach back out to previously interested buyers so who knows :person_shrugging:

2 Likes

I visited Crabtree for the first time in two years, and man, it has gone downhill IMO. Sitting between North Hills and Fenton, it’s just reeling from flashier digs. The store makeup is struggling. Large white boards envelope vacant spaces, and Sears is just sitting there. It was still packed, but it felt…cheap, like it had lost its luster and was beginning to show age.

I was hopeful Kane would step in and at least make it more attractive. I wonder if Simon Property would be interested.

4 Likes

Hopefully this causes the mall to try to actually fill the Sears space and do something. If you can’t sell the mall, you might as well try to fill it. Functionality wise you put one grocery store and one entertainment thing in and you practically have a North Hills with less office space (and not as tall buildings). There is office space across the street at Crabtree Terrace and the Fifth Third Bank building. From Main St to the other side of NH, it’s about .6-.7 miles. From Parklake Ave to Crabtree, it’s about .7 miles which means Crabtree also has a little bit of other office space although the walk isn’t as great. The greenway runs right along it which I like. It’s only missing the entertainment/nightlife aspect.

It’s worse at Triangle…

1 Like

Regional enclosed malls in general are past their prime. I never think of going to one anymore.

7 Likes

Until there’s a banana republic and h&m at Fenton, Crabtree still needs to exist. I don’t honestly know what else is there.

1 Like

If the Apple Store left, Crabtree would be dead to me.

4 Likes

Or if they put a you know what store… that’ll revitalize it. They need to put some flavor like a luxury and fashion section, but I wouldn’t mind North Hills being the main mall like the Domain

IMO, there’s a lot of thruthiness to this assertion.

1 Like

I don’t own anything from apple, but I would think I could just see their stuff online. I never got why those stores are always so busy. I don’t need a Samsung store to use my phone and tv

2 Likes

Once in a great while, something will happen to one of my Apple toys which I can’t fix. Thus, a trip to the mountain is required. Otherwise, I’m content to do stuff online or get it at BestBuy.

And, since Williams-Sonoma moved to Fenton, I only shop online from them.

But, I’m just not part of the mall demographic any more.

2 Likes

I was just at at TTC for the first time in about a decade and was actually surprised with how well the interior portion seemed to be doing.

4 Likes

My exact same thoughts.

From everything I hear from people online I thought it was literally just barely holding on. But visiting there for the first time in a couple years I was surprised it actually seemed to me like it was going just fine. It wasnt packed, but even for a middle of the week evening it didn’t feel anything close to what Cary Towne Center was like before it closed.

6 Likes

The couple times I’ve been, Crabtree was busy, but distinctly downmarket. Williams Sonoma and Brooks Brothers felt really out of place. I think it should be able to drift on with a different clientele than it used to have unless a developer has big ideas for what is still a very desirable location.

The interior portion of Triangle Town Center is doing absolutely fine relative to most similar malls. As I’ve said before, most of the stores are marketed towards black clientele, and that might be the reason why some are dismissive of the entire complex.

1 Like

I don’t think I have ever set foot inside Triangle Town Center. I’m not really a ā€œmallā€ person anyway. If and when I do have to go to one, I am covered between Crabtree and N Hills. Much closer.

Could be I guess. Even though as a black man myself I guess I’ve never really made that connection.

Even though we haven’t been there in so long, my wife always preferred it over Crabtree because it’s less hectic but still offered plenty. Though I don’t share that preference, I was very glad to see the mall doing well. She was reminded of her desire to choose that as her shopping mall destination again for the future.

I do wish the commons area was revitalized but idk how realistic that is at this point.

5 Likes

From WRAL:

ā€œNorth Hills will soon be home to Tamasha, an upscale, modern Indian restaurant, opening in the Park District of North Hills. Located on the ground floor of the new Advance Auto Parts Tower, the restaurant is expected to open in 2023. They describe their concept as a quirky, chic, modern Indian restaurant, where guests will enjoy a sensory experience through the finest modern Indian cuisine, with a high energy ambiance.ā€

I do love a high energy ambiance. I’m assuming that’s like pictures of race cars and red bull on the walls. Makes sense with its Advance Auto Parts location…

12 Likes