Atlanta-based Capital City Development Corp. recently purchased the Crossroads Mall in Charlotte and will spend $12 million to convert it to a Latino-themed shopping center.
The Charlotte Observer has more. The center will be re-named as the Plaza Fiesta Carolinas. It's the second such project for Capital City, which has been operating Plaza Fiesta is Atlanta for seven years.
Creating shopping centers catered to ethnic shoppers will be an key trend to monitor, especially in Southern states like the North and South Carolina and Georgia, where the Latino population has risen rapidly.