An article in Thursday's Business section of The Sun incorrectly stated that Perring Liquors moved from Perring Plaza to a neighboring property in January. In fact, the store relocated to another site within Perring Plaza.
The Sun regrets the error.
Perring Plaza, a long-stagnant underachiever among Baltimore County shopping centers, will soon receive a big infusion of retailing power.
Home Depot, the nation's largest operator of home improvement warehouse stores, will open its fourth Baltimore-area store at the old center at Perring Parkway and East Joppa Road by the spring of 1993, a spokeswoman for the landlord said yesterday.
FOR THE RECORD - CORRECTION
The coming of Atlanta-based Home Depot has been the "catalyst" for a $7.5 million renewal plan, said Kathy Klein, manager of corporate communications for Federal Realty in Bethesda.
Other new tenants in the redeveloped shopping center will include an Office Depot and Super Rite Corp., which will carve up the old Ames department store building that has been vacant since October 1990.
Super Rite's grocery will not be a Basics like its other area stores. "It's going to be a new concept," said John Ryder, president of Basics. He declined to give details but said Harrisburg-based Super Rite's new format would not replace Basics stores.
In addition to bringing in new tenants, Ms. Klein said, Federal Realty is giving the center its first face lift since it was built in 1963. She said the refurbishment would include the demolition of several small outlying stores to open up the visibility of the plaza.
The Office Depot and Super Rite store will open late this year. The Home Depot will open in the spring of 1993 on the site of the former Perring Plaza Cinema, which closed in January, Ms. Klein said. Renovations to the shopping center are expected to be complete in time for its opening, she said.
"We really think it's going to dramatically reposition that center," Ms. Klein said, adding that Home Depot's drawing power could increase sales at Perring Plaza fourfold. Rents will increase at the center, she said.
Kiddie City will remain as the other anchor for the strip shopping center, which Federal Realty has owned since 1985, Ms. Klein said.
Wayne Barry, the owner of Perring Liquors, said renovation was long overdue. Mr. Barry, whose store moved from the center to a neighboring property in January, said Perring Plaza had been in decline since 1985-1986 and that "little by little the stores went dark." Business for the remaining tenants was "dead," he said.
Ms. Klein said there had been some vacancies at Perring Plaza in recent years but that many resulted from a shuffling in preparation for the renovation. "It was not a problem property by any means," she said.
In choosing Perring Plaza, Home Depot is making a direct challenge to Hechinger Corp., its chief rival in the Baltimore area. Hechinger operates a Home Projects Center in North Plaza Mall, across Joppa Road from Perring Plaza.
Home Depot, has opened stores in Glen Burnie and White Marsh and plans to open a store in Catonsville this year.