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Some metro Detroit malls to reopen this week — with changes

Three of the region’s most high-profile regional shopping centers are due to reopen later this week following a complete shutdown since the end of March. The owners of Great Lakes Crossing Outlets in Auburn Hills, Twelve Oaks Mall in Novi and Somerset Collection in Troy say patrons can shop there once again beginning Thursday and […]

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Mall at Partridge Creek owner in default on $725 million mortgage

The owner of The Mall at Partridge Creek in Clinton Township is in default on its mortgage. The November default on a balloon payment on a $725 million debt that is also secured by three other malls in Florida, Virgina and North Carolina makes it the latest metro Detroit shopping center to enter into choppy […]

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Simon’s $3.6B Taubman Buy a Positive Sign for Class A Malls

Simon Property Group Inc.’s pending acquisition of an 80 percent interest in Taubman Centers Inc.’s The Taubman Realty Group LP will give Simon majority ownership of some of the highest quality malls in the U.S. And the $3.6 billion price tag on the 25 million-square-foot portfolio serves as a vote of confidence in the future of premier […]

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Mall adding four stores

Coming off of a storm of activity in 2019, Woodland Mall announced its latest lineup of new and first-to-market retailers for 2020. Champs Sports, a major North American specialty sports retailer, will be the first of four stores to open at the mall, followed by Aéropostale, Sephora and White House Black Market. These new retailers […]

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Woodland Mall shows off $100M renovation, new Von Maur department store

Shoppers at Woodland Mall have plenty new to see these days. Two years after workers demolished the former Sears store that once anchored the mall, Woodland officials on Thursday showed off a $100 million renovation project that replaces the space once occupied by the iconic retailer. The new wing is anchored by a Von Maur department store, […]

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The state of the metro Detroit shopping mall

High-end malls like some in Oakland County are expected to continue to perform well far into the future in spite of a changing mall landscape in the state’s wealthiest county, and across the state and country. In fact, contrary to the popular notion that brick and mortar retail is dying a slow death at the […]

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