News
KITE (REALTY GROUP) FLIES TO THE TRIANGLE
March 8, 2012
| Indianapolis-based Kite Realty Group plans to begin development this spring on a 14-acre, $57M shopping center called New Hill Place in Holly Springs just outside Raleigh. (They need something to ease the separation anxiety from the loss of Peyton Manning.) | ||
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| The 375k SF project will be built in three phases, Kite?s David Bruell tells us. Anchors are expected to include Target, Dick?s Sporting Goods (a real one though, not an impressionist version like in the rendering), Marshall?s, Michael?s, and Petco. Kite is a REIT specializing in the development of neighborhood and community shopping centers. David tells us several of Kite?s national retail tenants have expressed an interest in expanding into the Triangle area. The first stores, including the Target, should be open by about this time next year. | ||
