Tuesday, September 16, 2014

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Triangle shopping center poised for rebirth

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TWC News: Triangle shopping center poised for rebirth
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CARY — A pile of concrete stands where a busy restaurant once stood and the signs still point shoppers to where neighborhood merchants did business.

The shopping center known as Waverly Place used to be a real destination in Cary. On one side of the shopping center, a Whole Foods store and Rite Aid remain. On the larger and more prominent side of the shopping center, there's just one store still open for business.

Elegant Stitches has managed to stick around while almost every other storefront has gone dark.

"There was a plan in place to demo the whole center, and as their leases ran out, the owners did not renew the leases,” said co-owner Shelley Holmes. “So, eventually everybody vacated."

But Holmes had just signed a lease, and she decided to stick with the location. Despite the ghost town outside, her business has thrived due to a loyal customer base.

"We would love to have some more foot traffic." said Holmes.

Hopefully that increase in traffic is not far away. Town officials have approved developer plans to give the existing buildings a huge facelift, add green space and sidewalks for cafes and concerts, and improve landscaping. The plans resemble Raleigh's North Hills, which signal signs of life for the local economy and an important commercial corner of the Cary community.

"It's such a shame to let this piece of property sit here and just vegetate,” said Holmes. “So, I think everybody's going to be excited to see some forward motion."

News 14 Carolina has learned that Waverly Place will have a ribbon cutting for the new and improved shopping center on Friday, September 24. An agent with the developer team said we can expect to see new businesses moving in very soon.

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