Waverly Place | Cary


Sold in 2008 after ZR Waverly, LLC had received full entitlements for the largest integrated retail/mixed-use project ever approved in Cary, NC. At approximately 1.1 million square feet, the approved plans include 204,190 square feet of lifestyle retail, 216,000 square feet of office, a 120 key hotel and 200 luxury condominiums and high-end apartments among the mix.

Once completed the project will also feature two eight-story buildings, the tallest in Cary. ZR Waverly first purchased the property in 2005.

When acquired the retail center consisted of 182,000 square feet anchored by a Whole Foods, Eckerd Drug store, and a regional fitness facility. An agreement was made to re-locate Whole Foods to a new state of the art stand alone store. Demolition was anticipated for the majority of the exiting structures.


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