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The planned development would have increased Cary's tax base by 18%. Site clearance and road work began, but construction was halted when a national recession forced the company to declare bankruptcy in late 1989. The Crossroads Mall site was soon purchased by New Market Development. In 1990, they filed drastically changed plans.
Cary is a town in Wake, Chatham, and Durham counties in the U.S. state of North Carolina and is part of the Raleigh-Cary, NC Metropolitan Statistical Area. [1] According to the 2020 census, its population was 174,721, making it the seventh-most populous municipality in North Carolina, and the 148th-most populous in the United States. [3]
Companies based in Cary, North Carolina (1 C, 11 P) G. Geography of Cary, North Carolina (1 C, 4 P) M. Mayoral elections in Cary, North Carolina (3 P) O.
In 1988, the mall applied for a zoning change for a major expansion, [5] perhaps spurred by proposals for a "mega-mall" at Crossroads Plaza emerged only a mile away. [1] In 1991, the mall completed its expansion to 1.1 million square feet and was renamed Cary Towne Center by then-owners Richard E. Jacobs Group.
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Eastridge Mall (formerly known as Westfield Eastridge) is a regional shopping mall located in Gastonia, North Carolina, and is 19 miles (31 km) west of uptown Charlotte, North Carolina. Opened in 1976, it is located off Interstate 85 at exit 20, N. New Hope Road (North Carolina Highway 279), and the mall houses around 70 stores. [1]
Cary is booming with new developments, including the Jordan project, the Rogers Restaurant and Motel redevelopment, and the Fenton mixed-use development off Interstate 40 and Cary Towne Boulevard.