Suburban Retailers Say Hello To Downtown

Home Depot finds a welcoming market in Manhattan.
November 24, 2004, 8am PST | Abhijeet Chavan | @legalaidtech
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What really makes Home Depot’s Manhattan arrival eye-catching is not simply the company’s attention-getting opening in September. It’s also that Home Depot is making a very big statement about the vitality of urban downtowns as new markets for suburban-based developers. Instead of Macy’s and Hudsons and other historic urban retailers moving out, it’s Home Depot and Wal-Mart and Kmart moving in. Finally, when it comes to the super store wars, the city appears to be gaining.

Thanks to Keith Schneider

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Published on Tuesday, November 23, 2004 in Michigan Land Use Institute

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