The other piece that I learned is that the man who owns Surf Club and some other bars owns and is working on 1904 Chapel Hill Rd (looks like an old auto garage).
It will be interesting to see what his plans are for that.
@Steve - have you heard any other rumors? To me, this area could be really interesting because Scrap Exchange owns the north half of the mall. Their plans mixed with some high-end plans might create an interesting mix (as opposed to a completely bulldozed and shiny new development across the whole area).