Madison Marquette, the company managing University Mall, launched a rebranding campaign for the mall in 2013 after the department store chain Dillard’s left, according to a press release.
The rebranding process will include changing the name to University Place and a new logo. The process will focus on building a regional mall that features distinctive local retailers.
The Dillard’s location will be taken over by Silverspot Cinema, and a red-carpet opening will be held for the luxury cinema this summer.
The 52,500-square-foot movie complex will have 13 screens and an upscale atmosphere that includes a lounge area and full restaurant. Tickets will be $16, and the cinema will show foreign movies, independent films, new blockbusters and 3-D movies as well as live broadcasts of cultural performances.
A portion of the mall is under construction as it readies for the opening of Aveda Institute of Chapel Hill, Planet Fitness and the luxury movie theater Silverspot Cinema.
Several retailers from Franklin Street’s University Square, which closed in summer 2014, have also moved into the mall — including Fine Feathers and Peacock Alley.
“We’ve been welcomed by the mall community, and we have settled in very nicely,” said Pam Patterson, sales manager of the boutique Fine Feathers, which opened in April.
Compared to its past location in downtown Franklin Street, where traffic was heavy, Patterson said the new location is more accessible to customers.