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Any thoughts on where all that demolition stuff from the buildings and parking lots will be dumped?
Generally, on a project of that size, a large amount will be recycled as the volumes of material make it worthwhile. Steel for sure, if not even having some parts straight being reused somewhere, been going on for decades. The asphalt will be ground up and fed back in as an ingredient in new asphalt. Wiring and aluminum storefront material will end up being recycled as that’s worth a good amount of money. Even glass might be as there’s just so much. Often, you can get rid of your waste less expensively as it’s worth money to someone. Those are the easy items.
Concrete can sometimes be used as fill but not always. Carpet companies will take back carpet for recycling and you can recycle drywall, but that usually still costs money. I’m making a big assumption, but it seems likely that with Sweeney’s environmental stance, they will be going for some level of LEED certification which will make some of the fringe areas more likely due to needing credits for diverting items from landfills.
Honestly, lots of this has been going on for a while. Many local governments and places like UNC Hospital, NCSU and UNC have, for some time, been requiring the waste stream be separated at a sorting facility and documentation is required to be submitted during the project. There are sorting facilities in the area serving this need and on a project this size, on site sorting is all the more feasible. There are also construction debris landfills here too and no doubt a good amount will go into them, but it’s much better than in the past.
Took a quick drive through the mall site a couple of days ago. What's left of retail around the perimeter is still going...Starbucks, LensCrafters has indeed opened in the old Pei Wei spot next to Starbucks, Jared appears to still be open, Firestone around the back is still going. I didn't notice specifically, but I think AT&T along Walnut is still open. Dave & Buster's still operating out of the mall until their space in the old HT/Jumpstreet building is done. But that's all that's left.
Dave & Buster's filed exterior plans for its new building in February, and interior plans more recently. Filing notes that "The interior remodel will be major to introduce the full service restaurant with accessory arcade"; included floor plan shows that they'll occupy almost the entire building (which is, granted, about the same size as the former location). The principal entrance will be the one diagonally across from Starbucks.
It's on the TOC's idtplans.com site as 21-DP-6983.
That makes no sense. If Amazon wanted that mall, they’d have bought it before Epic got involved. Epic wants a campus for future expansion, they aren’t in the business of flipping commercial real estate
Amazon's warehouse in Garner is on 88 acres, for which they paid $3.1M.
Cary Towne Center is on 87 acres, for which Epic paid $95M, and still has to pay a substantial demolition bill.
There's a pecking order of land uses by value: retail is most valuable, then office, then multifamily, then nice single-family, then industrial, and finally farmland. Only the most super-incredibly-double-dead mall would be worth more as industrial. (Also why it's maddening when people say "urban farms" will pay the bills. No, they won't.)
Fun fact: now-bankrupt ex-owner CBL valued the mall at $130M on its books, so even if Epic had asked CBL directly, they probably wouldn't have sold. But it's a nice illustration of how the land is worth more for retail than for office.
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