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Store owners, shoppers worry about future of Raleigh shopping mall

Posted February 4, 2015
Updated February 5, 2015

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— The owners of Triangle Town Center mall and the Triangle Town Place shopping center in north Raleigh reached an agreement to sell majority ownership of the property. 

Triangle Town Center, off Capital Boulevard near Interstate 540, was designed to attract high-end shoppers but has instead been buried in debt. 

Anna Holm often makes trips to the mall to look at things, but she says window shopping is an experience she does not always get when visiting Triangle Town Center. 

The mall houses the area's only Saks Fifth Avenue, but store owners are worried the area may not be attracting enough of the right customers. 

"Nobody knows what's going to happen tomorrow," said Dean Sadarangani, owner of Dean's Jewels and Gifts in the mall. "I am a little nervous about the whole situation. I think I'm just taking it one step at a time." 

CBL and its joint venture partner, The R.E. Jacobs Group, executed a contract to sell the property to a new partnership between CBL and an unnamed investor. The new investor will own 85 percent of the assets and CBL will retain 15 percent.

According to officials, the sale is an alternative to bankruptcy or foreclosure. 

Michael Walden, an economist with North Carolina State University, said the mall's future hinges on catering to shopper's demands for the "experience."

"Over time, I think the mall will be successful simply because there will be growth, but they may want to look at some of the stores they have, maybe downsizing some of the high-end stores," Walden said. 

The $181 million deal is expected to close later this year. 


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  • Todd Jenkins Feb 8, 2015
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    Saks threatened to leave last year and TTC give them a huge rent concession. You read it here first.

  • RB Redmond Feb 7, 2015
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    View quoted thread


    Surprised WRAL is letting either of you childishly argue on their boards.

  • RB Redmond Feb 7, 2015
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    It's not that old, is it?

  • sandraon1sunnyday Feb 6, 2015

    Saks can't possibly be doing well at TTC. Saks at TTC is ALWAYS empty aside from the bored looking sales clerks. People park in the Saks parking area when the spaces in front of the food court are full as an alternate to the main entrance. But those people enter the main entrance bc why bother walking through snobby boring Saks when most all of the people thatTTC attracts can't even entertain the idea of shopping there. They need to replace Saks with JC Penney. Get rid of the stores on that end of the mall that are tacky (you know the ones, they drive away good customers). Bring back those bouncy trampoline things for the little kids that Saks had ran off bc they thought it looked bad in front of their store (yet the other tacky stores on their (Saks) end of the mall were not ran off by snooty Saks??? The security guards need to stop looking at the young moms and focus on getting rid of the obnoxiously loud people yelling, cussin & driving crazy outside in front of the food cour

  • Lamborghini Mercy Feb 5, 2015

    I see a lot people commenting about the lack of shopping the mall has however, I think a lot people are forgetting about the convenient surrounding shopping areas of triangle town mall of N Raleigh. Right across the street is the Plantation Point Shopping Center with a big lots and marshalls etc, behind the mall is another shopping center target etc, then you have shopping off durant rd where kohl's is located, then falls of neuse rd shopping centers, and a few thing up and down capital blvd. What the mall doesn't have can be found in about 10 mins of the mall which makes shopping convenient and these locations are safe. If you want a elegant experience check out the Lafayette Village, that too is less than 10 minutes away. If that doesn't satisfy you nothing will.

  • arlissf Feb 5, 2015

    This mall used to be my go to. Now, I go when I need to run in Belks or Sears quickly. Dillards can't have a sale that's worth me actually having them on my radar. We shop recreationally at Crabtree and North Hills. Crabtree has more shops with variety and they change them up and strive for new ones. We also enjoy having good meals, coffee and snacks while we are out at the mall. My teenage girls are done with Aeropostale and American Eagle. Looking for something new for just an average family that likes to shop and spend time hanging out at the mall as a family. We have even been shopping in Charlotte lately. Now that's bad, when you have to go that many hours away for a shopping day.

  • a3806311 Feb 5, 2015

    The atmosphere at TTC has gotten darker over the years. Not a place that most want to experience.

  • Barbara Sossomon Feb 5, 2015
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    That KMart was razed before Christmas.

  • onedirection17 Feb 5, 2015

    There are tough areas next to nice areas all over Raleigh (just look near downtown). Just because something is near "tough" areas doesn't mean the entire region of the county is the pits. People can drive and take buses to TTC from all over Raleigh, lets not just trash the people of NE Raleigh. This has more to do with the bad press after the "riot" incident and the lack of appealing stores.

  • one_nc_citizen Feb 5, 2015

    I like southpoint and crabtree better. There's just not much interesting about Triangle Town Center.