Friday, March 2, 2018

One of Charlotte’s biggest malls rethinks $50 million project amid retail woes

Chaarlotte Observer

A little over two years ago, the owners of Northlake Mall made a splashy announcement about a $50 million project they were planning that would add more than 200,000 square feet on an 11-acre site next to the mall’s entrance. It was to include all kinds of retail, including a home furnishings store, entertainment and restaurants.

Construction was scheduled to begin in early 2017. A year later, however, the project hasn’t yet broken ground.

Northlake’s owner, Starwood Retail Partners, hasn’t abandoned the project, but it is going back to the drawing board. And you might not see the traditional brick-and-mortar retailers you’d expect at a shopping mall.. . . more

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