Old Mall Becomes Bustling Upscale Complex
WSB Retail Partners, LLC’s predecessor, Sunbelt Ventures, LLC, teamed up with Westport Capital Partners, LLC, a large real estate investment firm, to acquire and redevelop Marketfair Mall – a 28-year-old center located off of Skibo Road in Fayetteville, North Carolina. At the time of acquisition, Marketfair was a 250,000 SF mall and shopping center anchored by Gander Mountain, HH Gregg, and Carmike Cinemas. WSB provided all property management and redevelopment services from project origination to completion. Extensive site and building improvements transformed the former mall into an upscale retail, dining, and theater complex. Hussey Gay Bell provided site planning, civil engineering, landscape architecture, permitting and construction administration for the project which was completed in 2015.
[Images: Courtesy of WSB Retail Partners, LLC]