In 2001, Kane Realty also purchased North Hills Mall from Nags Head Properties, with the intention of creating a new low-rise, pedestrian-friendly urban development that would make the area Raleigh's new midtown. At the same time, Dillard's moved to Triangle Town Center. The mall was closed in January 2003, with Kane Realty auctioning off everything from parking signs to benches and fixtures to storefronts to the public. The response to the one-day event was so great that it was extended for several additional weekends. In April, the mall was torn down shortly after, except for JCPenney and the existing parking deck, to create a mixed-use development featuring a new open air shopping center.