DECATUR – Work on a development project to bring a new Ashley Furniture HomeStore to Decatur has begun.
The store will be part of a new 35,000 square foot building now under construction at Mound Center, the retail destination located at the southwest corner of U.S. 51 and Mound Road. The contractor for the project recently secured a building permit for what is expected to be a $2.1 economic development initiative and has begun the necessary site work in preparation for the new building.
In addition to the retail furniture leader, the building will also have space for other retail or commercial uses and the project will officially complete the Mound Center redevelopment. Decatur City Council members received an update on the project during a regularly scheduled meeting Monday night.
Research would indicate that the new Ashley Furniture HomeStore will help address what is a $7.8 million gap in spending for furniture in the Decatur economy. This means that Decatur residents are spending roughly $7.8 million more on furniture outside of Decatur in addition to what is currently sold inside the city. The development is also expected to create 30 full time jobs with the possibility of an additional 10 positions being added dependent upon the other retail uses on site. The Decatur City Council approved the sale of the land and a redevelopment agreement to make the project a reality in Decatur in Fall 2013 and Winter 2014 respectively.