Raleigh developer Granite Development has filed suit against
Wal-Mart Stores, claiming the world’s largest retailer owes it more
than $75,000 in damages for violating an agreement to develop property
in Southeast Raleigh.
The lawsuit comes nearly two years after Wal-Mart scratched
plans to build a new store on property located at Rock Quarry and
The suit alleges that under the joint development agreement
between Granite and Wal-Mart, the Bentonville, Ark., chain was
obligated to perform some work on the property that would allow the
site to develop into a shopping center.
That work has yet to be