The Future of The Streets at Southpoint: A Journey Towards Revitalization
After much anticipation, The Streets at Southpoint, the largest mall in the Triangle, has finally been given the green light to revamp and enhance its property in southern Durham. The Durham City Council recently approved a rezoning proposal that would allow for the construction of over 1,300 apartments, as well as additional retail space, offices, and hotels. This multi-year plan marks a significant turning point for the mall, as it seeks to adapt and transform in an evolving retail landscape.
The Streets at Southpoint, which opened in 2002, has always been a popular shopping and dining destination for residents in the Triangle area. However, as the retail industry has shifted towards e-commerce and experiential shopping, shopping centers and malls have had to innovate to stay relevant and competitive. The Brookfield Properties team, which owns the mall, has been working on a long-term plan to revitalize the property and appeal to a broader range of customers.
The rezoning proposal, which earned a 5-2 vote from the Durham City Council, will allow for the construction of eight new residential buildings, further expanding the mall's footprint. These new buildings will include a mix of studios, one, two, and three-bedroom apartments, offering a range of living options for area residents. Additionally, the mall will be able to add 100,000 square feet of retail and restaurant space to its existing offerings, allowing for new and exciting dining and shopping options.
Another significant component of the plan is the addition of 300,000 square feet of office space, bringing new businesses to the area and creating jobs. This will be a huge boon for the local economy, as it will create new job opportunities and provide a space for entrepreneurs and startups to thrive. Finally, the mall will add up to 200 hotel rooms, providing accommodations for out-of-town shoppers and tourists visiting the area.
This transformative plan is a huge step for The Streets at Southpoint, as it looks to ensure its continued success in an ever-changing retail environment. By diversifying its offerings, the mall is much more likely to remain relevant and enjoyable for visitors and customers alike. It's particularly exciting to see the addition of apartments, which will allow for a true live-work-play community within this bustling area of Durham.
The future is looking very bright for The Streets at Southpoint, as it embarks on a significant journey towards revitalization and renewal. The Brookfield Properties team has been very thoughtful and intentional in its multi-year plan, which seeks to reinvigorate the mall, create new jobs, and offer a diverse range of experiences for everyone in the Triangle area. We can't wait to see how these changes will unfold and how they will benefit the local community in the long term. If you're a homebuyer, realtor, or homeowner, be sure to keep an eye on the developments at The Streets at Southpoint - it's sure to be an exciting ride!