Household Depot would like to raze a Regency Theatres location in Granada Hills to make way for a 136K SF keep and a 28K SF yard heart, but spot people aren’t eager on the plan, pushing again with worries about parking and targeted traffic.
The property advancement big procured the shuttered theater at 16830 Devonshire St. for $37M final 12 months, in accordance to the Los Angeles Day by day Information. The demolition would also incorporate about just one dozen lesser adjacent retail spaces.
Residence Depot filed an application with town planners for the retailer, which would be roughly 30% greater than the common Dwelling Depot store, not such as the garden centre. Its stores clock in at 105K SF on average, according to the firm’s web-site.
Neighbors say the strategies have absent forward without the need of ample input from the group, according to the Each day News.
“It appears it is really just a done deal without the need of any input from the group,” Granada Hills South Neighborhood Council’s former president, Dave Beauvais, instructed the paper. “That is the greatest difficulty.”
Atlanta-primarily based Home Depot talked about its growth strategy in an earnings contact before this yr, and its new CEO, Ted Decker, took over in March.
The corporation would like to lean into its position as an solution for experienced contractors by including the ability to accommodate larger orders, this sort of as individuals for 1000’s of sq. toes of flooring or extra than 100 doorways, in accordance to CNBC.