CASTO to Begin Next Phase of Construction on Triangle-Area Mixed-Use Community

by Nate Hunter

Morrisville, N.C. — Architecture near a 14-screen Stone Theatre will be a focal point.

These retailers opened in fall 2011 after the first phase of Park West Village’s development was complete. The center is located in the North Carolina Triangle area near Chapel Hill, Raleigh and Durham. Phase two will add a theater and more retail.Morrisville, N.C.  — CASTO has announced construction will begin this month on the next phases of development at the lifestyle center at Park West Village, a 100-acre mixed-use project in Cary, N.C.

The new construction will add 200,000 square feet of retail including a 55,000-square-foot, 14-screen cinema operated by Stone Theatres, formerly Consolidated Theatres, which was founded by Herman Stone. A water feature unique to Stone Theatres in the Southeast will be a prominent element of the architecture near the theater’s entrance.

Other retailers include a 52,000-square-foot Gander Mountain outdoor superstore and a 6,000-square-foot wine and food shop The Wine Guy Bistro, based out of Columbus, Ohio.

Park West Village includes a town center district, a community center with retail anchors including Target, TJ Maxx and Rack Room Shoes. Demographics in the primary trade area include a median age of 35 and a median household annual income of approximately $104,000.  Phase one opened in fall 2011. Future phases of the community include 275 residential units, 120,000 square feet of office space, a fitness center and an additional 120,000 square feet of retail space.

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