It’s been a while since I have seen news of a new Lowe’s store, so I wanted to bring special attention to this one.
Fort Lincoln New Town Corp. has locked in a Lowe’s home improvement store for the anchor slot at its Shops at Dakota Crossing that Target was once going to take.
Multiple sources familiar with the deal say Charlotte, N.C.-based Lowe’s Cos. Inc. (NYSE: LOW) will occupy a 130,000-square-foot building at 33rd Street and South Dakota Avenue NE. Target was, until late 2011, slated to occupy 136,000 square feet on the same parcel. But Target backed out, and it has taken some time to find a replacement anchor.
It will be Lowe’s first D.C. store, just as Dakota Crossing was Costco’s first D.C. location. Costco, the wholesale club that lured Vice President Joe Biden to its District grand opening last month, may prove to be quite the draw for Fort Lincoln, a planned community steps from the Prince George’s County border.