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A new public green and roughly a dozen new storefronts could open at Chapel Hill’s University Place mall by 2025.

The net lease agreement, which went into effect in October, lasts 15 years.

The former mall could have 350,000 square feet of retail and restaurant space, 60,000 square feet of offices, new apartments and a hotel when the dust settles.

Development is often the talk of the town in Chapel Hill and Carrboro. In 2023, several major projects aligned with each other.