Belk to leave mall for north High Point
Belk will relocate its store from Oak Hollow Mall next year and open at the Palladium shopping complex in north High Point, the Charlotte-based retailer announced Wednesday morning.
Belk will close its Oak Hollow store next year when it opens its store at Palladium, tentatively next spring.
Building costs are approximately $7 million dollars for a 75,000 square-foot store.
“We love High Point and we are committed to the market,” said Bill Roberts, chairman of the Northern Division of Belk. “We were waiting for the right opportunity to do it.”
“We wanted it some place that was more a part of the community that had other draws other than just us,” Roberts said.
High Point University acquired the Belk store property in its 2011 purchase of Oak Hollow Mall.
“They want that space so they can repurpose it for other things for the university,” he said. “We’ve actually been kind of dragging our feet waiting for the right opportunity, this came up so now’s the time.”
Jason Scott, manager of the Belk in High Point, said the new store will add associates and management and products. He said the new location is a great pick.
“It couldn’t be a better spot,” Scott said.
Belk is one of the original anchor tenants at Oak Hollow Mall, having opened there when the city’s largest shopping center opened 18 years ago. The mall, which was bought by High Point University for future expansion three years ago, has steadily lost large and small tenants since the middle of last decade.
When Belk departs, the only original anchor store that will remain is Dillard’s, which has a scaled-down discount and close-out location at the mall. Two other original anchor tenants, J.C. Penney and Sears, completely closed locations in the past several years.