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About / News / Mall

Partridge Creek draws new tenants as malls rebound from pandemic

Posted By: The Detroit News on January 18, 2024.  For more information, please click here to read the source article William Dabish was looking for a location to open a new Powerhouse Gym and settled on a former anchor space at The Mall at Partridge Creek in Clinton Township. The draw? The shopping center’s location along busy Hall […]

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Transformations of Lakeside, Oakland malls come into focus

Posted By: The Detroit News on June 26, 2023.  For more information, please click here to read the source article. During the fall, the owners of Lakeside Mall signed a deal with the city of Sterling Heights that would pave the way for the redevelopment of the 110-acre site into a mixed-use complex. Tenants at the mall are […]

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Lakeside Mall redevelopment gets thumbs-up from Sterling Heights council

Posted By: The Detroit News on November 1, 2022.  For more information, please click here to read the source article.   Plans to redevelop the struggling Lakeside Mall into a mixed-use development moved forward Tuesday night when Sterling Heights City Council approved an agreement with the shopping center’s owner. The council approved, by a 5-2 vote, a memorandum […]

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Mount Clemens receives state funding to overhaul Cherry Street Mall

Posted By: Macomb Daily on September 24, 2022.  For more information, please click here to read the source article.   A key stretch of downtown Mount Clemens is in line for a major overhaul that officials say will enhance its appearance, eliminate structural obstacles for area shops, and improve the overall business environment. Earlier this month, the city […]

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Fairlane Town Center in Dearborn Adding Eight Retailers in 2022

Posted By: dbusiness on August 25, 2022.  For more information, please click here to read the source article.   Fairlane Town Center, a three-level super-regional shopping center in Dearborn, announced eight new tenants already opened or coming this year including Toys”R”Us, The Coloring Station, Express Yourself, Prissy Paw Palace, Incredible Burger, The Ukiyo Store, Ballzy Balls, and Fix […]

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Former Sears at Macomb Mall Hits the Market for Sale

For sale information on the former Sears, contact Steve Gordon. Posted By: CoStar on June 30, 2022.  For more information, please click here to read the source article.  For listing information, click here. Seritage Taps Signature Associates To Handle Sale of Property Currently Anchored By At Home and Hobby Lobby Seritage Growth Properties has put the […]

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Eastland Center ‘transformation’ advances as construction starts on industrial development

For leasing information on Eastland Commerce Center, contact Joe Hamway/Greg Hudas. Posted By: The Detroit News on July 7, 2022.  For more information, please click here to read the source article.   Sixty-five years after Eastland Center opened its doors to shoppers, the developer of a $94 million industrial complex broke ground on the project that will replace […]

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Fairlane Town Center’s new owner to redevelop Dearborn mall with mixed-use destinations

The new owner of Fairlane Town Center says it will redevelop the Dearborn mall for mixed use-destinations after its previous owner defaulted on loans. Centennial, a Dallas-based real estate investment firm focused on retail and mixed-use properties, on Wednesday said it has acquired the struggling 1.4 million-square-foot shopping center from Florida’s Starwood Capital Group. Details of […]

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Retail in metro Detroit isn’t dead. It’s just adapting.

These days, consumers actually have more places to shop, not fewer. Contrary to the common refrain about the death of retail, there has been an increase of nearly 11 percent in the amount of retail space in the five-county area the last 16 years. Large, but aged and dying, shopping centers like Summit Place Mall […]

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Oakland Mall may join Fairlane Town Center as second mall selling this month

A new owner is nearing a purchase of Oakland Mall, Crain’s has learned. Mario Kiezi, a real estate investor and developer based in Troy, confirmed that he has the mall under contract for purchase for an undisclosed price. Letters have been sent to the mall’s tenants informing them of the pending ownership change. Kiezi declined […]

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Fairlane Town Center expected to be sold next month

The Fairlane Town Center shopping mall in Dearborn is about to be sold, according to a New York City-based company that tracks commercial real estate loans . Commercial mortgage-backed securities loan commentary provided Wednesday afternoon by New York City-based Trepp LLC says the sale of both Fairlane, located at 18900 Michigan Ave., as well as the Shops […]

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Malls ditch shopping to fill wasteland of vacant retail stores

Imagine 16 deserted Mall of Americas. That’s how much space battered mall owners need to fill heading into 2022, more than 90 million square feet. It’s no easy task, with dozens of retail chains already cutting back or shutting down, and it won’t get any better if the newest pandemic wave scares off shoppers. So […]

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Partridge Creek, Fairlane malls under new management in receivership

Two troubled metro Detroit malls have come under new management and one of them recently went into receivership amid financial woes. The Mall at Partridge Creek in Clinton Township and Fairlane Town Center in Dearborn are now being managed and marketed for lease by Syracuse, N.Y.-based Spinoso Real Estate Group LLC. Partridge Creek also has come under the […]

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Key retail property across from Oakland Mall sells for $34 million

Amid a global pandemic that has shaken the brick-and-mortar retail industry even more, a Baltimore buyer is betting $34 million on the success of a key property across from Oakland Mall in Troy. Continental Realty Corp., a private equity fund, has purchased Oakland Center and Oakland Square at 14 Mile and John R roads totaling some 392,000 […]

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Shunned by shoppers and squeezed by online retail, iconic Detroit malls to get new lives

Eastland Center and Northland Center malls opened in the 1950s to the fanfare of Metro Detroiters looking for a suburban shopping experience. Decades and the internet later, both sites face different futures. Eastland on Vernier Road in Harper Woods will close in January, and an industrial facility will be built in its place. The former […]

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At age 50, Franklin Park Mall tries to swim against the retail current

What kind of birthday gift do you buy for a shopping mall? In the case of Franklin Park Mall, which reaches 50 years old July 22, the answer is probably a dozen or so new tenants to help put it on the path toward another half-century. But Toledo’s premier shopping venue didn’t survive this long […]

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