Note: This story was last updated at 9:20 p.m.
The North Carolina company that wants to redevelop the former Oak Ridge Mall as Main Street Oak Ridge could close on the property in June, an executive said Monday.
The mixed-use project could include retailers, restaurants, and residential units, as well as a hotel. Belk and JCPenney, the two remaining anchor stores at the mostly empty mall, would remain, said James Downs, partner in Crosland Southeast, the North Carolina company that has proposed the long-awaited redevelopment of the roughly 60-acre site.
Downs said Main Street Oak Ridge will include a total of about 325,000 square feet of retail space, or about 200,000 square feet of retail space more than what Belk and JCPenney have now. There would then be a total of about 600,000 square feet in the area. [Read more…]