X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX–One big-box retailer’s loss could be a home improvement chain’s gain. A site in south Phoenix, where Wal-Mart had planned to build an over-sized store, is now being considered as a possible store location by Home Depot and Lowe’s, says Mike Curley, an attorney representing the developer of the parcel, Kitchell Development Co.

No deal has been struck yet, but both home improvement retailers are 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 go on the site at 130,000 sf, Wal-Mart last week canned the project.

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

Phoenix is among four Valley cities that have either already enacted or are in the process of creating limits on the size and location of where big-box retailers can build. Tuscon has already imposed such limitations, which caused Wal-Mart last week to file a second lawsuit against the city in hopes of overturning the regulations.

The site, a 42-acre parcel, is at the southeast corner of 24th Street and Baseline Road.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.