Welcome to Parkside Town Commons
Phase I at Parkside Town Commons, a lifestyle center in Cary, NC, is now open. At over 249,000 SF, Phase I features Target, Harris Teeter and Petco in addition to a variety of small shop retailers.
Parkside Town Commons is adjacent to the Research Triangle Park (RTP), the largest research park in the U.S. RTP is home to over 140 companies employing more than 49,000.
The Raleigh-Cary metro is ranked # 3 on Bloomberg’s 2013 list of “America’s boomtowns.” The Raleigh-Cary metro’s population grew by 11.06 % with compound annual GDP growth of 1.49%. That growth comes on the strength of Research Triangle Park, which is attracting top talent from all over the country. As a result, the housing market is also booming – there were 1,002 annual closings and 1,045 annual starts from the first quarter of 2012 – 2013. In the last 3 years alone, 20 subdivisions within a 3 – 4 mile radius have reached build-out.
Field & Stream and Golf Galaxy are now open in Phase II of Parkside Town Commons with additional shops opening throughout 2014 and into 2015. Phase II will include 324,000 SF of additional shops and restaurants, and feature a theatre and other family-friendly entertainment components.