The Carroll Cos purchase former Macy’s, Reimagines Next Generation for Vacant Retail Space

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The Carroll Cos purchase former Macy’s, Reimagines Next Generation for Vacant Retail Space

GREENSBORO, N.C. (February 2, 2022) – The Carroll Companies has purchased the former Macy’s department store and an adjacent tract at 5410 Hornaday Rd, as well as a 8,800-square-foot property at 5402 Hornaday Rd. The 140,000 square-foot Macy’s building sits on a 9.51-acre tract, with the adjacent tract consisting of 0.84 acres.

The Carroll Cos intends to revitalize the Macy’s building as a Bee Safe Storage and Wine Cellar, a brand which Roy Carroll has created and developed many sites successfully. Accompanying the high-end Self Storage will be Car Caves, the latest brand by Carroll, which is a destination created for automotive collectors and enthusiasts where they can customize and design their own showrooms and garage spaces.

This location accompanies a growing list of future sites for both Car Caves and Bee Safe Storage and Wine Cellar Bee Safe will start it’s 40^th location in 2022. Currently BeeSafe has stores in North Carolina, South Carolina, Florida, Tennessee, Texas, and Montana either built or under development, Bee Safe was named to the Inside Self Storage Top 100 Operators in 2020 and 2021. The first ever Car Caves is set to open in Greensboro at 1016 Battleground Avenue later this year, with several locations under development throughout the Southeast.

“This will be the first time we have combined both the Bee Safe and Car Cave businesses on one site,” said Carroll. “We feel the site offers a lot of benefits with easy access via Interstate I-40 and Bridford Parkway.”

One unique feature The Carroll Cos is also exploring for the first time is mini cold storage. “This is a concept we have been looking into for nearly a year,” Carroll said. “We think there might be an opportunity to provide mini cold and freezer storage to both private businesses and the general public. Food safety and supply is a growing issue that has businesses and the public stocking up on perishables to ensure that supply is available when needed. This could be a restaurant that has had a hard time maintaining food stock, or an individual that doesn’t have the space or desire to purchase a freezer. This is an unproven concept, and we will see if it works.”

For more information about Bee Safe Storage and Wine Cellar, please visit www.beesafe.com or follow the company on Facebook and LinkedIn.

About Car Caves

Car Caves is a destination for car collectors to create a retreat and build a community that celebrates automotive culture. Each Car Cave is a customizable showroom designed to fit your needs and safely store your collector vehicles. At the center of our community is an exclusive lounge where members can socialize, unwind in our elegantly designed facilities, and enjoy our world-class amenities. For more information about Car Caves, please visit www.carcaves.com or follow the company on Facebook. 

About The Carroll Companies

Founded and headquartered in Greensboro, North Carolina, more than 30 years ago, The Carroll Companies has since grown strategically and diversified into a real estate conglomerate specializing in land development, construction, ownership, hospitality, management, and publication with a total estimated valuation of over $4 billion. The Carroll Companies was founded by Roy Carroll, II in 1983 with a commitment to surpassing industry expectations by providing innovative, cost-effective developments and services. For more information, please visit www.thecarrollcompanies.com and follow the company on Facebook, Twitter, or LinkedIn.

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