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Northlake Mall


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1 hour ago, Temeteron said:

Olive Garden and Chili’s are still there as out parcels also

Northlake Commons is "technically" a different owner than Northlake Mall that isn't in such a dire financial situation. That center is helping keep some life in the broader area though. 

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the tract between the mall and Northlake Commons shopping center is where I think a large multifamily residential apartment community should be built.  I would market the 2 level Dicks to the TJ Maxx Corporation for some of their stores ( Homegoods, TJ Maxx etc)   Some of the parking space out back should be converted to residential multifamily as well. 

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  • 1 year later...
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Sephora, Aerie, Loft, and Starbucks have all closed. These are some pretty big name losses to the tenant lineup and come after Abercrombie & Fitch and Dick’s Sporting Goods closed last year.

On the bright side, Toys R Us will open inside of the Macy’s location at the mall.

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at least this is happening there is a rezoning request for apartments on the last anchor site at the mall. between Dillard and the AMC theaters but I think this is good for the mall to have more mixed uses. 

2022-133. Paramount Development LLC. 20 acres on 3 parcels at North Lake Mall Drive from CC to MUDD_O. “To allow two multi-family residential communities to be part of NorthLake Mall.” Site plan calls for up to 603 apartments.

here is the exact site https://polaris3g.mecklenburgcountync.gov/#pid=02509144&gisid=02509144

Edited by KJHburg
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Northlake is not in a great scenario....

  • 12 minutes away: Birkdale Village continues to expand / renovate and is centrally located for the affluent lake suburbs. Being an outdoor lifestyle center also makes it a more appealing location to hang out / relax. Surprise, surprise.... some of the stores that closed at Northlake already have a Birkdale location (Sephora, Loft, Aerie, et...). 
  • 11 minute away: Concord Mills is MASSIVE and middle class shoppers love deals, outlets, and the thrill of the hunt (reason TJMaxx/Homegoods is so popular). For residents in neighborhoods like Prosperity Village, Highland Creek, Skybrook, southern Huntersville, Mallard Creek et... Concord Mills is a more attractive place to spend a Saturday afternoon shopping. Add in the non-shopping attractions at Concord Mills from an aquarium to "attraction stores" like Bass Pro Shops, and it isn't comparable. 
  • 16 minutes away: Charlotte Premium Outlets. Has some more upscale brands than Concord Mills and again pulls middle class shoppers looking for deals on aspirational brands. It also is outdoors, which is appealing when the weather is nice. I suspect upscale areas like Mountain Island Lake and and Riverbend are selecting Charlotte Premium Outlets and Birkdale.

The only areas that are dramatically more convenient to Northlake over other malls are largely wedged between Uptown and Northlake along the I-77 corridor. These neighborhoods are low income and struggle with poverty. When people are struggling to pay for gas and living paycheck to paycheck, they aren't necessarily dropping $400 at Loft on a Saturday. Retailers like Sephora that had locations at Birkdale, Concord Mills, and Northlake are constantly analyzing store performance, and the opportunity cost of keeping Northlake open probably wasn't justified if revenue and profit was below benchmarks. With loyalty programs too like Beauty Inside.... Sephora can analyze where their customers live and what locations they visit to determine if they are losing many customers by closing a location. 

Edited by CLT2014
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Hanes Mall in Winston Salem has been trying to bring some life back in their mall. Not nearly as nice as north lake but is the main mall in the area, it has been trying to find ways to fill the empty box stores that used to anchor it. For example, the old Macy’s they are renovating to house Truliant’s operations center. I believed they used the old sears space during the height of Covid at Hanes mall as a massive drive thru Covid testing center. These type of mid level malls need to be creative to stay afloat like you mentioned. Main thing too is you gotta keep these type of malls that are already on life support safe. Too much crime or negative publicity can be the nail in the coffin. 

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