No deal has been struck yet, but both home improvement retailersare closely examining the project, he says.

Wal-Mart had wanted to build a 200,000-sf super center there.When the city capped the size of the largest building that could goon the site at 130,000 sf, Wal-Mart last week canned theproject.

Local residents had complained that the giant store would be outof scope for the neighborhood, and the large grocery storecomponent of Wal-Mart would drive local grocers out ofbusiness.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.