Taz’s Supermarket has closed permanently following the sale of several historic buildings on East Hargett and South Wilmington Streets to Empire Properties.
Why this matters to owners and operators:
- Underperforming corners get re-priced — long-term neglect often leads to repositioning
- Mixed-use redevelopment ahead — plans call for a 6-story project on non-historic parcels
- Capital is still targeting infill — total investment expected to exceed $9M
- Operational risk impacts real estate outcomes — tenant issues can accelerate change
For downtown owners and business tenants, this reinforces how use, management, and long-term vision drive asset value.
Relevant for anyone tracking urban infill, mixed-use, and downtown Raleigh trends.
https://www.wral.com/news/local/tazs-supermarket-closes-raleigh-wilmington-street-january-2026
