Cary Towne Center remains vacant two years after plans for an Epic Games headquarters were expected to be delivered—highlighting the uncertainty that can surround large-scale redevelopment sites.

May 5, 2026 | News

Current status:
• No active development or updated timeline
• Rezoning request withdrawn due to inactivity
• Property remains privately held and maintained

Context:
• Prime location directly across from Fenton
• Multiple prior redevelopment concepts (retail, sports, mixed-use) never materialized

Key takeaway for owners & businesses:
• Entitlement risk and capital timing can significantly delay even high-profile projects
• Large, well-located sites can sit idle without clear execution
• Nearby successful developments (like Fenton) can shift demand patterns quickly

For CRE stakeholders, this is a case study in holding strategy vs. execution risk—and how timing impacts value, leasing momentum, and surrounding submarkets.

https://www.wral.com/news/investigates/cary-towne-center-vacant-epic-games-property-april-2026

Dylan Cunningham

J Dylan Cunningham, CCIM is the founder of Oak Street Commercial Real Estate, LLC, a firm located in Apex, NC on a mission to help business owners and commercial real estate owners create long-term strategies that align with their objectives through real estate.

We believe in going beyond the transaction, taking a deep look at where you want to be in five, ten or even twenty years from now—and how we can help you get there with thoughtful, strategic decisions today.

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