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RALEIGH, N.C. — Office Depot is set to close its store at Falls Centre in Raleigh, marking a key step in the retail center’s upcoming transformation. The property owner plans a significant redevelopment, including updated retail spaces and the addition of new multifamily housing units.
The move reflects a growing trend in urban development, where aging shopping centers are being reimagined as mixed-use communities that blend residential and commercial spaces.
In a related development, Veyer — a logistics company affiliated with Office Depot — will close its distribution center in Edwardsville, Kansas, this July. The shutdown will result in 77 job cuts and is part of a broader cost-cutting initiative. Together, the closures highlight shifts in the retail and logistics industries as companies adapt to changing consumer habits and seek more efficient operations.
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