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DETROIT-Home Depot officials are saying plans for the company's first store in the city remain viable. The Atlanta-based company has been looking at a site in Riverbend Plaza shopping center to build a new store.
CHARLOTTE-A 135,000-sf Home Depot retail store and a 10,000-sf CBS Pharmacy will anchor the first 145,000-sf phase of Promenade on Providence, scheduled to open this summer. The estimated hard construction cost is $40 million.
PHOENIX-New 350,000-sf retail center in northeast is filling up. Brokers recently signed up six more tenants, even though the facility won't be completed until fall.
MANHATTAN, KN-The 55,700-sf shopping center in this college town is sold to Chicago-based Heritage Property Investment Trust as Glimcher Realty focuses on its stronger markets. The center is anchored by Falley's Food 4 Less.
HILLSBORO, OR-In December, the Florida-based corporation acquired a 4.17-acre parcel once planned for a full-service Marriott hotel for $3.8 million. The company isn't yet talking, but sources Regency has preleased 80% of a planned 46,500-sf development.
EDEN PRAIRIE, MN-The new agreements will double the number of franchises in the restaurant chain's first year. The ribs restaurant is branching out into Georgia, Tennessee, Ohio, West Virginia and Florida.
FEDERAL WAY, WA-The buyers were Costco, which bought five acres, and an unnamed Beverly Hills-based family that purchased 12.89 acres - one of the local development's only remaining undeveloped parcels.