Lowes Foods has terminated its agreement with a Wilmington development company to build a grocery store on U.S. 17 in Hampstead, a store official said in August 2010.
Under that agreement, the developers had an Aug. 1, 2010, deadline to start construction of the store.
“They failed to meet that date, and didn’t respond with any written notices as to why they did not,” said Roger Henderson, a spokesman for Lowes, which has its headquarters in Winston-Salem.
Henderson said letters were sent to the developers Aug. 2 and Aug. 16, 2010, notifying them they had not met the conditions of the agreement.
Lowes did not receive any monetary damages.
“Each party walks away with no further obligation to the other,” he said.
Date posted: August 31, 2010
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