University Place

University Place in Chapel Hill, NC, is undergoing a transformative redevelopment that presents a compelling opportunity for brands and real estate brokers seeking to establish a presence in a vibrant, mixed-use community. The 40-acre site, formerly known as University Mall, is being reimagined into a modern town center featuring 350,000 square feet of open-air retail space, 253 luxury apartments, 60,000 square feet of office space, and a 422-space parking garage. The development also includes The Commons, a flexible outdoor public space for events, and upStart, an incubator for local startups . Strategically located near the University of North Carolina and adjacent to the Blue Hill District, University Place is poised to become a central hub for dining, shopping, and entertainment. New tenants such as Jeni’s Splendid Ice Creams, Chick-fil-A, CycleBar, and Chase Bank have recently joined the center, attracting a diverse and engaged customer base. With the completion of the redevelopment expected in early 2025, University Place offers a unique opportunity for retailers and brokers to be part of a dynamic and growing community in the heart of Chapel Hill.