A new community center, Falls Pointe Shopping Center, is under construction in Raleigh, N.C., at the intersection of Falls of Neuse and Durant roads. Cary, N.C.-based Konover Property Trust is developing the 185,132 sq. ft. center.
The center is a joint venture between Konover and Robert V. Hughes, for which Konover serves as managing partner. Tenants will include a 36,000 sq. ft. Harris Teeter plus 26 specialty retail stores. Kohl's, a new entry in the Research Triangle market, has purchased 10 acres adjacent to the center for an 87,000 sq. ft. department store. Construction is slated for completion in spring 2001.