Mar. 4, 2007 - Cary NC Real Estate>>Waverly Place Gets a Facelift

Waverly Place might look a lot more like North Hills Mall in a couple of years thanks to plans to revamp the shopping center.  We've always loved the location but we've struggled with the current design.  Durham developer Zapolski and Rudd, which has owned the aging center since January 2005, is hoping to turn Waverly into a mixed-use project containing retail, residential and office space.  

BIG PLANS FOR WAVERLY

The developer has filed tentative plans with the town of Cary for the re-devlopment of Waverly Place.  Among the updates are:

* More retail space, from 205,570 square feet to 237,770.

* That includes a new Whole Foods store, which will be almost twice the size of the existing one and in a stand-alone building at the corner of the site.

* Demolishing about half of the existing buildings and renovating the rest.

* 165,225 square feet of office space.

* A 24,170-square-foot entertainment venue, such as a movie theater or music hall.

* More than 200 homes, including apartments and condos.

* A 150-room hotel.

* A 600-car underground parking ramp where the lower level of the center is today

This is exciting news for the community!!   Grand opening is scheduled for 2009!!

Mar. 28, 2007 - re: Waverly Place Gets a Facelift

Apr. 13, 2007 - re: Waverly Place Gets a Facelift

Feb. 14, 2009 - RE: Cary NC Real Estate>>Waverly Place Gets a Facelift

The project is on hold last time I checked.  Financing...