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Epic Games seeks OK for future HQ at Cary Towne Center, including hotel

Epic Games seeks OK for future HQ at Cary Towne Center, including hotel
wraltechwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wraltechwire.com Daily Mail and Mail on Sunday newspapers.

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5 creative ways malls are repurposing their spaces

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The traditional concept of the mall is fading away.
Once an epicenter of the suburban lifestyle, the shopping mall s purpose and importance have slowly been transforming. Specialty retail bankruptcies made shopping centers a less diverse and interesting experience. Anchor department stores filing Chapter 11s, though, has lead to destabilizing and upending entire shopping complexes.
The overextension of many mall tenants and their need to rightsize was noticeable long before the pandemic, Placer.ai analysts wrote in a Redefining the Mall white paper. That, along with a seemingly one-size-fits-all mall style that was copied and pasted across the country, led to the realization that the reach of the classic anchor department store was limited and that new types of tenants must enter into the mix to augment that role. ....

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Cary Towne Center to close Sunday after 40 years of business

CARY, N.C. After 40 years, Cary Towne Center will wrap up its long-standing history as a shopping mainstay in the Triangle.
The mall will officially close its doors on Sunday. Dave & Buster s is the lone business that will stay open.
A sign seen on one of the entrance doors on Friday morning read CARY TOWNE CENTER FINAL DAY OF OPERATION 1/31/21.
Earlier this month, Epic Games announced plans to acquire the 980,000 square foot and 87-acre property and turn it into its new headquarters by 2024. Epic, the maker of Fortnite, reached the deal with Turnbridge Equities and Denali Properties. ....

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Epic Games To Convert North Carolina Mall Into HQ

Cary Towne Center in North Carolina and Epic Games CEO Tim Sweeney (Google Maps; Getty)
Epic Games, best known for developing the hit game “Fortnite,” is buying a mall in North Carolina with plans to convert it into a new headquarters.
The company has agreed to buy the 980,000-square-foot Cary Towne Center for $95 million, according to the Wall Street Journal. The mall is located in Cary, where the company is currently based.
Epic Games plans to open its new headquarters in 2024. It will be about four times as large as the company’s current headquarters.
The seller is Turnbridge Equities and Denali Properties, which purchased the property in January 2019, with plans to redevelop it into a mixed-use space with residential, office, retail, and hotel square footage. ....

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Fortnite creator is buying a dying mall to develop new headquarters

Fortnite creator is buying a dying mall to develop new headquarters
PHOTO REUTERSPremium
Esther Fung
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The company that created the popular videogame “Fortnite has agreed to purchase a North Carolina mall and plans to redevelop it as a global headquarters, the latest sign that struggling malls are evolving into new kinds of real estate.
Epic Games Inc., the closely held company based in Cary, N.C., said it is planning to convert the 980,000-square-foot Cary Towne Center mall into offices and recreation space for its growth in the long term. Epic plans to open the new campus by 2024, which would represent a sizable upgrade from the company’s 250,000 square foot headquarters. ....

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