Print
Real Estate - Commercial

Mayfaire Town Center Files Plans For Next Retail Phase

By Cece Nunn, posted Dec 14, 2015
New buildings labeled with the names of additional stores at Mayfaire Town Center are shown on site plans that were uploaded Monday to the city of Wilmington’s project tracking website.

The third phase of the shopping center, according to the plans submitted by LandDesign Inc., includes several new structures on either side of Main Street near the center’s Regal Mayfaire Stadium 16 movie theater.

A two-story, 24,000-square-foot building is labeled for clothing retailer H&M, while a 10,500-square-foot structure is labeled West Marine on the submitted documents. Other spaces within the new structures that are labeled include a 9,100-square-foot West Elm, a national furniture and decor retailer; a 6,195-square-foot Lane Bryant, which sells women's clothing; 2,500-square-foot Hot Topic; and 2,500-square-foot Torrid, the plans show. Some of the space in the potential buildings are not labeled.

Mayfaire Town Center officials did not immediately return a request for comment Monday afternoon.

Three years ago, center officials announced their plans to launch a third phase of the lifestyle center development and to start preleasing activity. At the time, they described it as a $21 million expansion, but plans then showed slightly different building proposals than the ones now filed with the city.

One option included in a list on the newly submitted plans for Phase III shows the potential addition of 145,110 square feet of leasable space, while another option is slightly higher, listing 160,885 square feet.

The plans are tentatively scheduled for review by the city’s Technical Review Committee on Dec. 31, according to the website.

Chattanooga, Tennessee-based CBL & Associates bought Mayfaire Town and Community centers for $192 million in June before reselling Mayfaire Community Center to Principal Real Estate Investors for $56.3 million on Dec. 3. CBL & Associates continues to provide leasing and management services to Mayfaire Community Center. 

Mayfaire officials first launched construction of the Town Center in September 2002 and completed two phases. Phase one opened in the spring of 2004, while phase two work was completed in the fall of 2008.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Gretchen roberts 2021

Are You Protected from Employee Theft?

Gretchen Roberts - Red Bike Advisors
Untitleddesign5

The Impact of a Growth Mindset

John Monahan - Vistage
2022052 75 142344351

Bridging Futures: The Case for Toll Funding in Wilmington’s Cape Fear Memorial Bridge Revamp

Natalie English - Wilmington Chamber of Commerce

Trending News

Passenger Rail Study Picks Eastern Route

Emma Dill - May 3, 2024

Entrepreneur Brings Young Tech Startup From Triangle To Wilmington

Audrey Elsberry - May 3, 2024

Biden To Announce National $3B Lead Pipe Replacement Project In Wilmington Visit

Audrey Elsberry - May 2, 2024

The Husk, YoSake Sell In Downtown Wilmington

Jessica Maurer - May 3, 2024

UPDATE: Biden Shares Details On National Lead Pipe Funding At Wilmington Talk

Audrey Elsberry - May 2, 2024

In The Current Issue

Lab Works On ‘cool’ Vaccine Solution

Backed by years of biologics formulation development for mRNA vaccines, monoclonal antibodies and peptide drugs, Ying Wang, associate profes...


Leland Eyes Commercial Growth

As Leland’s residential development booms, town leaders are taking steps to ensure that land zoned for commercial development meets its full...


CEA Biotech Winner: Pharma Firm In Growth Mode

Kimberly Lupo started Portrett Pharmaceuticals after working in the contract development and manufacturing organization industry for several...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season