Crabtree Valley Mall is a regional shopping mall located in Raleigh, North Carolina. At , it is the largest enclosed mall in the Research Triangle area. Crabtree Valley contains over 200 stores and is anchored by Belk and Macy's. The mall is now managed by Pacific Retail Capital Partners. History Crabtree Valley Mall opened in August 1972 at the intersection of US 70/NC 50 (Glenwood Avenue) and the I-440 Beltline. Original anchors were Hudson Belk, Sears, Miller & Rhoads and Thalhimer's. From the start, the mall pulled shoppers from all over central and eastern North Carolina. Many of them came to the Hudson Belk, which is still the largest store in the complex and serves as a Belk flagship. The mall was remodeled in the mid-1980s and added many specialty stores and a food court. It faced little competition in its market until the 1990s, when Cary Towne Center in nearby Cary doubled in size and spawned a companion mall, Crossroads Plaza. In response Crabtree embarked on a major expansion starting in 1993. G.C. Murphy, Miller & Rhoads, and Piccadilly all closed down during this period. Thalhimer's converted to Hecht's, and began planning for a new, larger location at the mall. In 1993 a 40 by section of the parking deck collapsed just three months after it had been completely rebuilt. Sears closed its Crabtree store in 1994 and opened a new location adjacent to it that August. The old Sears became small shop space and connected to a new, larger Hecht's which opened in August 1995, and the former Thalhimer's/Hecht's became a Lord & Taylor which closed in 2006, and the upper level is now a Belk Men's store since 2007 and the lower level became more shops and an H&M in 2010. Hecht's was replaced by Macy's in September 2006 as part of Federated Department Stores, Inc. absorbing The May Department Stores Company brands which also includes Hecht's after acquiring the company in 2005. On August 22, 2018, Sears announced that its store would be closing as part of a plan to close 46 stores nationwide. The store closed on November 25, 2018. This left the mall with two remaining anchors Belk and Macy’s. In June 2019, it was announced that the former Sears space will be redeveloped into a 30 story tower. The cost estimates for the initial portion of the redevelopment project were cited at about