 The submitted mixed use proposal includes retail (352,000 SF), residential (800 dwelling units), office (600,000 SF), hotel (600 rooms) and community spaces.However, in late May 2018, IKEA reversed its earlier plans and publicly announced the retailer was no longer coming to Cary because of the retail apocalypse, and subsequently CBL announced that it had defaulted on the mall's mortgage and was going to sell the mall.On January 31, 2019, JCPenney announced that they would close their Cary Towne Center location on May 3, 2019.