Marshalls and Home Goods come to Sylvania Twp. - 13abc.com Toledo (OH) News, Weather and Sports

Marshalls and Home Goods come to Sylvania Twp.

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Two national retailers are planning to open stores in Sylvania Township. We have new details about the Marshalls and Home Goods stores that will be going up along Monroe Street. They will go in on the site of the old Franklin Park movie theater. The theater was torn down last year and there was a lot of speculation about what would replace it. We've learned the new stores should be open for business within a year. Other business owners along Monroe say the new stores will be a boost for their bottom lines too.

The site plans at the Sylvania Township Zoning office confirm a Marshalls and Home Goods are coming to the area. Bill Bostleman is the Manager of Development for Devonshire REIT and he says there will be space for up to five other stores which could also be national retailers, "We are not often looking for new green space sites in the suburbs. Instead we take sites like this and that need some sprucing up or value added. It's good for the community and its good for us. "

Devonshire REIT is a locally based real estate investment trust with a number of properties in our region and around the country. The company started up five years ago, in the middle of the economic downturn,"The idea was to get in to the business at the bottom of the market when properties could be purchased at reduced rates. We then take advantage of that to grow everything."

Bostleman says they've gotten a lot of interest in the local market from a number of big name stores, "We think the market in Toledo has turned around. For awhile it was overbuilt but some of that is now being absorbed. We have had a lot of interest from national retailers and they do a lot of market research and they have a lot of confidence in the area and so do we."

Chef Robby Lucas says the new stores are good news here at bar 145,"I like to think of Monroe Street as its own district, the area is really coming into its own. There is a lot of good shopping and a lot of good restaurants so when people hear about Toledo I want them to say hey go check out the Monroe Street area. It's good for all of us that those two stores chose this location. I am very happy about it."

Across the street at the Grape Leaf Express Ali Elkhechen is also the new neighbors bring them new business, "I'm sure it will be great for us. We will hopefully attract new customers and a lot of the workers will come here and love our food!"

Prep work at the site will begin in the next few weeks. Construction will get underway this spring and be finished by fall. Bostleman says Marshalls and Home Goods should be open for business late this year or early next year.

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