12/01/08

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Home Depot could abandon Ratner's Harlem retail development

East River Plaza

Bruce Ratner, the developer of the delayed Atlantic Yards project, got some more bad news today: Home Depot might abandon plans for a store at a big Ratner retail development in Harlem. The long-anticipated 100,000-square-foot store, for which Home Depot has already signed a lease, was to be located in the 500,000-square-foot East River Plaza development, being developed by Forest City Ratner and Blumenfeld Development. Home Depot, which is struggling as sales decrease in the slowing housing market, would likely have to find a tenant to take over its lease.   

More at: [Crain's]