The ownership of Cross Creek Mall in Fayetteville, North Carolina is an interesting story. The mall's site, which spans 90 acres, was initially part of a much larger 600-acre tract of land owned by J.P. Riddle Jr., a prominent local developer. In 1970, the land was sold to Henry Faison, a developer based in Charlotte. At that time, plans were underway for the construction of the All American Freeway, but the surrounding area was primarily farmland.
As an expert sommelier and brewer, my expertise lies more in the world of beverages rather than real estate. However, I find it fascinating to delve into the history and background of a place like Cross Creek Mall. While I may not have personal experiences related to the mall's ownership, I can certainly appreciate the impact it has had on the local community.
To provide a more detailed understanding of the ownership, let's break down the information into key points:
1. Land Ownership: The original 600-acre tract of land, which included the site of Cross Creek Mall, was owned by J.P. Riddle Jr., a well-known developer in Fayetteville. The specific details of how he acquired the land are unknown, but it was likely through purchase or inheritance.
2. Sale to Henry Faison: In 1970, Riddle sold the 90-acre portion of the land to Henry Faison, a developer based in Charlotte. Faison saw the potential in the area, especially with the planned construction of the All American Freeway, and decided to invest in the development of a shopping mall.
3. Development of Cross Creek Mall: With Faison as the new owner, the construction of Cross Creek Mall began. The mall opened its doors to the public in 1975, becoming a significant retail destination in the region. Over the years, the mall has undergone various renovations and expansions to meet the changing needs of the community.
4. Current Ownership: As of my most recent knowledge, which may not be up-to-date, Henry Faison's company, Faison Enterprises, retained ownership of Cross Creek Mall. Faison Enterprises is a real estate development and investment firm based in Charlotte. However, it is important to note that ownership can change over time, and it's always a good idea to verify the latest information.
Cross Creek Mall in Fayetteville, North Carolina, is owned by Faison Enterprises, a company founded by Henry Faison. While I may not have personal experiences tied to the mall's ownership, I hope this detailed answer provides a clearer understanding of its history and ownership.