Headquartered in Raleigh, Kane Realty Corporation ("Kane") was founded by John Kane in 1978. Kane has developed sustainable mixed-use communities, regional malls, neighborhood and community centers, retail outparcels, and office buildings.
From an original staff of three people in 1978 with only one center under management, Kane grew to 70 employees and, prior to selling the management company and properties in 1997, leased and managed eighteen shopping centers and six office buildings. Prior to 1997, Kane had developed or redeveloped over 4 million square feet of retail space, malls, and community/neighborhood centers.
In 1999, Kane purchased the first of numerous properties in Raleigh's North Hills and embarked on a massive $700 million redevelopment of 130 acres. The North Hills area was developed in the late 1950's/early 1960's as a center for retail with the development of the first two level mall between Washington D.C. and Atlanta. Over the next 35 years, the well known North Hills Mall became out of date and less competitive with larger and stronger malls due to the lack of re-investment dollars by the prior owners of North Hills.
Today, North Hills, a mixed-use multi-block district known as Raleigh's Midtown continues to be the recipient of numerous awards and accolades for its pedestrian-friendly and sustainable design which has made it one of America's premier in-fill developments. Centrally located at the corner of one of Raleigh's main thoroughfares and the I-440 beltline, North Hills is a destination of sophisticated living, luxury hotel rooms, class A office space, a continuing care retirement community, green space, a 14-screen movie complex and entertainment venues, premier dining, salons and day spas, high-end boutiques, national retail, and a state-of-the-art 60,000 square foot athletic club.
With the visionary redevelopment of the old North Hills into a vibrant mixed-use development, Kane Realty has demonstrated that its team not only shares a passion for, but understands the complexities of financing, building and leasing sustainable mixed-use developments. Without the vision of Kane Realty, it is most likely that the North Hills property would have stayed as it was 10 years ago, been sold or redeveloped in a typical suburban style - complete with sprawl and fields of asphalt for parking.
The innovative turnaround of North Hills demonstrates the company's visible commitment to improving Raleigh and the Triangle region. The hallmarks of Kane Realty's journey to make the North Hills renaissance a reality include a unique vision, a consistent responsiveness to its neighbors and the desire to continually exceed expectations.