AUSTIN-After a year of negotiations, Home Depot Inc. has agreed to anchor the north side of a shopping center being developed by Catellus Development Group at the former Robert Mueller Municipal Airport. “Home Depot provides a great anchor for the north side of our center,” says Catellus senior vice president Matt Whelan, who is heading up the Mueller project. “This is very positive in terms of further establishing Mueller as a major shopping destination.” The Home Depot project, which has already started, will be completed after midyear 2008.

According to Whelan, Catellus had interest in the site from a large number of retailers, including department stores, clothing stores and other home improvement stores. He says his company, a division of the Denver-based industrial REIT ProLogis Inc., chose Home Depot because it “embraced” the project values of the Mueller redevelopment.

“They committed to highest sustainable development standards,” Whelan tells Globest.com. “Under the Austin Energy Green Building Program, the minimum requirement for the site would be a two-star rating. Home Depot has committed to a three-star program.”

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