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Home Depot Reserves Taylor Plaza Anchor Position

TAYLOR, MI-The Atlanta, GA-based home improvement store inks a deal with retail REIT Ramco-Gershenson to demolish an already existing structure, the former retail outlet of a Kmart, at Taylor Plaza. Construction is scheduled to begin during the second quarter, 2006.

By Amy Wolff Sorter | Updated on September 22, 2005

TAYLOR, MI-A long-time dark Kmart will be, within the next year, the site of a new Home Depot USA, as the home improvement store sets up as anchor tenant at Taylor Plaza. Home Depot, headquartered in Atlanta, GA, has signed an 11.64-acre ground lease with retail REIT Ramco-Gershenson in Farmington Hills, MI, which owns and leases the retail shopping center, located at the intersection of Telegraph and Goddard roads.

Home Depot’s plan is to demolish the old Kmart store, which, according to Chuck Bludworth, Ramco’s vice president of development, has been empty for about two or three years. Once the former structure is demolished, Home Depot will build a new retail facility, scheduled to open during fall 2006.

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