Stores in the spotlight
La-Z-Boy Furniture anchors new developmentOne of the newest members of the popular “Eureka Way!” retail corridor is La-Z-Boy Furniture, which plans to anchor a new development on the old Taylor Tool location at 21300 Eureka, between the railroad track and Hooter’s.
Mayor Rick Sollars said he was very excited about all of new happenings in the Eureka corridor, which is known statewide as one of Michigan’s hottest development areas. When La-Z-Boy CEO Kurt Darrow called the mayor to discuss returning to Taylor and Eureka Road, they looked at options.
La-Z-Boy previously occupied what is now Hantz Financial (22919 Eureka) before that franchise store went out of business. The new location will be operated by the Monroe-based manufacturer (founded in 1927) of home furniture, including upholstered recliners, sofas, stationary chairs, lift chairs and sleeper sofas. The company employs more than 11,000 people.
The entire retail 3.4-acre site is an $8.4M investment including construction of a 23,200-square-foot commercial building, anchored by a La-Z-Boy store (15,600-square-feet). The remaining space will be occupied by retail and restaurant tenants.
The old industrial buildings were demolished in 2011. They had been vacant since about 2002. The former site used an extensive underground system of tunnels, tanks and vaults that included many contaminants including an oil-filled sump in one room. The environmental contamination associated with those operations poses development constraints that were Brownfield eligible, along with requirements of a storm water retention system.
The Brownfield application was approved by City Council and the proposed project takes into account all of the environmental problems at a cost of $633,943. The project will successfully redevelop a contaminated site, and bring increased jobs and tax base (post-development taxable value is estimated at $1.5M). The plan also matches the City of Taylor’s vision for the corridor, with enhanced streetscaping, safer walk ability and traffic flow.
“Eureka Way!” between Telegraph and Allen roads has seen a bevy of development and redevelopment, keyed by huge investments and improvements at Southland Center and the new Trader’s Point development by Menards (in the site of the old Gibraltar Trade Center). Many other businesses have followed – Panera, Golden Corral, Cinemark, PizzaPapalis, etc.