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DDR Center In NC Fills Up

APEX, NC-Dick's, Old Navy and Borders to join Developers Diversified Realty suburban Raleigh project.

By Debra Hazel | Updated on August 14, 2006

APEX, NC-Dick’s Sporting Goods, TJ Maxx/HomeGoods, Old Navy, Circuit City and Borders Books have signed on to join an existing 12-screen cinema at the upcoming Beaver Creek Crossings in this Raleigh suburb, said co-developer Developers Diversified Realty.

The tenants will be opening through this year and into 2007. The 600,000-sf Beaver Creek Crossings is a joint venture between Developers Diversified Realty and Cary-based 1st Carolina Properties. Developers Diversified also is the owner and manager of Beaver Creek Commons, a 475,000-sf center adjacent to Beaver Creek Crossings that opened in 2004, Developers Diversified became involved in the development through its 2002 acquisition of JDN Realty, which had been planning to build a retail center in the rapidly growing Research Triangle.

“Developers Diversified embarked on developing Beaver Creek Crossings across from another one of our developments, Beaver Creek Commons, because of the demand in the market,” said Tim Bruce, executive vice president of development for the company. “The population is growing as a result of the Triangle, which in turn calls for more retail to support the community’s needs.”

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