The Home Depot to open Poinciana store Nov. 29
November 14, 2007
The Home Depot, the world’s largest home-improvement specialty retailer, plans to open its new retail center in Poinciana on November 29.
The 138,968 square foot store is located on 13 acres at the northeast corner of Poinciana Boulevard and State Road 17-92. The site was purchased from Avatar Properties Inc. which is marketing 13 adjacent acres to developers for a complementary, family-oriented retail shopping center to better serve Poinciana’s growing population of nearly 67,000.
The Poinciana Home Depot will have 104,208 square foot of indoor retail space, plus a 34,760 square foot outdoor garden center. It will be the third such store in Osceola, joining operational centers in Kissimmee and St. Cloud.
Founded in 1978 and headquartered in Atlanta, The Home Depot, Inc. operates 2,226 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, 10 Canadian provinces, Mexico and China. In fiscal year 2006, The Home Depot had sales from continuous operations of $79 billion, and earnings from continuous operations of $5.3 billion. The company employs approximately 350,000 associates.The Home Depot stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard and Poor’s 500 index.
The Home Depot joins a growing list of retailers in Poinciana, Avatar’s 47,000-acre master planned community in northwest Osceola and northeast Polk counties.The community’s retail hub in Poinciana Towne Center features several restaurants and over 80 businesses including a WalMart
SuperCenter, a Winn-Dixie Marketplace, and the Promenade Shopping Center anchored by a Publix Supermarket.They will soon be joined by the Cypress Plaza Shopping Center which will feature three free-standing restaurants and a number of national and regional tenants.
Nearby, is the brand new Solivita Marketplace which just opened the first phase of what is planned to ultimately encompass over 60 acres at the corner of Cypress Parkway and Marigold Avenue. Among the current tenants are four restaurants, two banks, and a Walgreens Drugs.
Poinciana is being developed by Avatar, the community’s primary homebuilder. Avatar also is developing Poinciana Office & Industrial Park where national and international tenants currently have nearly four million square feet under roof and over 2,200 employees, many residents of Poinciana.
For more information about the Home Depot retail center in Poinciana, contact The Home Depot’s Demitra Wilson at (770) 384-2792.To learn more about Avatar’s available retail and commercial land opportunities, contact Hank Yunes, Avatar’s vice president of commercial operations, at (305) 442-7000, or Tony Iorio, Avatar’s vice president of land development, at (407) 933-5000.