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Morrisville Region Experiencing Retail Renaissance

MORRISVILLE-This Triangle town, situated slightly northwest of Raleigh, NC is experiencing a dramatic increase in new retail projects triggered by significant residential growth.

By Robert Anthony | Updated on September 29, 2000

MORRISVILLE-Just a few years ago, Morrisville was not considered a shopping destination. It was just a place that Triangle residents drove through on their way to work in Research Triangle Park.

Now, however, about a half dozen small to midsize retail projects are being developed in the area, joining a larger one that opened last year. That project, Park Place, a 134,000-sf shopping center, was opened by Cary, NC-based Konover Property Trust, to serve Morrisville, Cary and other nearby towns.

Among other retail projects being developed are the 155,000-sf Village Market Place and Davis Commons, a 250,000-sf center that could be looking to lure big-box retailers such as Wal-Mart. Other small centers are being planned as part of mixed-use developments near NC 54.

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