DDR, Partner Building NC Center

APEX, NC-Developers Diversified Realty is teaming with local developer 1st Carolina Properties to build the 650,000-sf, open-air Beaver Creek Crossings. Kohl’s and a 12-screen cinema operated by Consolidated Theaters will anchor the center. A DDR spokesman told GSR that the project will cost $88 million.

Beaver Creek Crossings, on 131 acres, will be located near the intersections of US Highway 64 and North Carolina Route 55 in Apex, which is about 15 miles west of Raleigh, NC. The center will be near Beaver Creek Commons, a 475,000-sf DDR center, which is anchored by Linens ‘n Things, Lowe’s, OfficeMax, PetSmart and Target and opened last year.

Connecting the two developments, which are divided by the highway, will be a pedestrian and vehicle bridge. Designed by Raleigh-based Cline Design Associates, the center will feature tower structures as well as black awnings in the center of the development.