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Cold Feet

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Home Depot execs are having second thoughts about opening a store in Harlem. "Real estate sources say that The Home Depot Inc. is close to abandoning its long-anticipated store at the East River Plaza in Harlem, a major new retail development from Forest City Ratner and Blumenfeld Development group. Home Depot confirmed that it is rethinking the location, even though it has already signed a lease...The company’s hesitation comes as the economy stumbles, forcing retailers large and small to reconsider expansion plans. Additionally, the credit crunch makes cash for building new stores harder to come by." [Crain's]