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LODI - Add addition abeyant retail adversary to Lodi's list.
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LODI - Add addition abeyant retail adversary to Lodi's list.
The Home Depot Inc. on Friday filed an appliance with burghal planning admiral to body a 130,000-square-foot home advance abundance in south Lodi's mixed-use Reynolds Ranch development off Highway 99.
The development follows the December advertisement that Costco Wholesale Corp. is proposing one of its big-box retail centers, additionally for Reynolds Ranch. That appliance goes afore the Lodi Planning Commission on Wednesday. If approved, the abundance could alpha architecture afterwards this year.
In a billowing abridgement in which retail and bartering advance has all but apoplectic in San Joaquin County and elsewhere, the anticipation of abacus two mega-retailers in Lodi is a promising, if not surprising, development to burghal leaders badly gluttonous new tax dollars.
"That's absurd if, in the abutting year, we accept an operating Costco and, six months later, we accept an operating Home Depot," Mayor Phil Katzakian said Friday.
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Commercial advance is not dead, said Jeff Green, a Mill Valley-based retail consultant.
Big-box abatement retailers like Costco accept asperous the bread-and-butter storm bigger than abate businesses, he said. Their lower prices accumulate them afloat during a recession, aback cash-strapped shoppers are attractive for added bargains.
"They've accomplished they accept an opportunity, in this economy, to grab a bazaar share," Green said.
A adumbrative with The Home Depot could not be accomplished for animadversion backward Friday.
The abundance is proposing architecture a 24-hour centermost on 9 acreage anon south of the proposed Costco, at the southwest bend of Harney Lane and Highway 99. The abundance could accomplish up to 150 jobs, the banker said in its application.
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This would be the home advance retailer's additional go-round in Lodi.
In 2001, The Home Depot withdrew affairs to body in Lodi, at the bend of Lower Sacramento Road and Kettleman Lane, afterwards ascent aback expansions nationwide. Rival Lowe's now operates there.
A city-mandated economic-impact assay about nine years ago assured The Home Depot would be a sales tax benefaction for Lodi but that its aperture could aching some city merchants.
As for Costco, its proposed 154,000-square-foot abundance will additionally arch to the Planning Commission on Wednesday for review. The banker so far has accustomed no academic opposition.
City admiral advance they accept offered Costco no incentives to locate in Lodi and said they angry bottomward a appeal from the banker to accommodate a sales tax break.
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That Costco would accept to body in a boondocks area it couldn't advantage any above incentives, abnormally in an abridgement in which abounding cities are disturbing financially, is notable, said Green, the retail analyst.
"The banker is absolutely in the driver's bench in this economy," Green said. "Lodi's actual lucky. There are so abounding added places in the U.S. that Costco can go."
John Booth, bounded operations administrator for Costco, said Lodi is ambrosial because it rests amid two accustomed locations - Stockton and Sacramento.
Katzakian speculated that retailers reviewing amplification affairs ability see the Reynolds Ranch development, with its abounding construction-ready acreage and adjacency to the freeway, as prime absolute estate.
"Reynolds Ranch is in a absolute (location). They're aloof accessible to go," he said. "They're absolutely sitting in the cat-bird bench now."
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Contact anchorman Daniel Thigpen at (209) 546-8254 or dthigpen@recordnet.com.
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