Home Depot has been renting a 1.4 million-square-foot distribution center in Savannah for 30 years. It has now bought the building and an adjacent 100 acres of raw land. Home Depot paid $145.5 million to acquire the distribution center, which spans about 325 acres near the Savannah/Hilton Head International Airport.

The seller was the Savannah Economic Development Authority, which developed the broader business park that includes companies such as Gulfstream Aerospace Corp. 

The Atlanta Business Chronicle reports that Home Depot has leased much of the space for its supply chain operations. According to a filing with the U.S. Securities and Exchange Commission, at the end of 2023, the company owned just 3% of its more than 100 million square feet of warehouses and distribution centers. In contrast, it owned 80% of its stores at that time. 

A development team has been chosen for a project that would build an entertainment destination next to Mercedes-Benz Stadium. The Georgia World Congress Center Authority (GWCCA) is looking to repurpose the 11-acre Home Depot Backyard adjacent to the stadium. Located on the site of the former Georgia Dome, The Backyard serves as a prime parking and tailgating destination for Falcons and Atlanta United fans. The green space is also used to host community events.

The Atlanta Business Chronicle reports the team is comprised of Pope & Land Real Estate, Fuqua Development and architecture firm Nelson Worldwide. 

Pope & Land, Fuqua Development and Nelson Worldwide previously worked together on The Battery Atlanta, the mixed-use project surrounding the Atlanta Braves’ ballpark in Cobb County. 

The proposed development could span 250,000 square feet and aims to connect state-owned properties, including the Georgia World Congress Center, Mercedes-Benz Stadium and the Signia by Hilton Atlanta hotel, which opened in January.

The site where the Downtown Raleigh train station once stood has been rezoned and is primed for redevelopment. North Carolina Railroad Company is moving forward on building a nearly 30,000-square-foot building where the depot parking lot was. The building will include retail, office, and amenity areas. The retail will be 6,188 square feet, while the office will be 22,892 square feet. There will be two outdoor urban plazas and a rooftop deck.

There will still be parking on the 0.76-acre site — 40 spaces in a surface lot.

The Triangle Business Journal reports the site across the tracks, 327 W. Davie St., will soon have two new buildings with a parking garage, residential units, retail and office space.

The Warehouse District has become a thriving area with La Terrazza recently opening on the ninth floor of The Dillon and Figulina taking over the Humble Pie space.

Home Depot recently announced that it was building four distribution centers for professional grade customers throughout the country. San Antonio is one of them. A 400,000-square-foot center will go into an industrial building in Elmendorf. The company will need to hire 75 to 100 employees.

A recent release noted the new distribution centers will stock large, bulky merchandise like lumber, insulation, roofing shingles and more. With a network of distribution centers stocking a variety of product types, pros can order job lot quantities of the products they need to complete their entire projects, delivered directly to their job sites. Home Depot’s Chip Devine added, “Our distribution network is one piece of the comprehensive pro ecosystem we’re building to better meet the needs of this important customer.” 

The company expects to have the San Antonio-area facility open in the first half of 2024.

Home Depot intends to demolish a former Jacksonville K-Mart that had been there, empty, since 2016 and build a 133,123-square-foot home improvement center that includes a 25,225-square-foot garden center on the 11.5-acre site at 9600 San Jose Blvd. The application explains the closed 105,737-square-foot K-mart would be demolished.

There also is site and parking lot work, including an 8,575-square-foot outdoor seasonal sales area outside the garden center.

Sun-Ray Cinema thought about expanding with a five-screen theater at the site but the 2020 pandemic shut down those plans.