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Shopping center owner plans retail development, nixes residential units

Posted By: The Toledo Blade on September 8, 2024.  For more information, please click here to read the source article. Toledoans who were hoping that an apartment building would be built across the street from the Westgate Village shopping center are going to be disappointed. Liz Holland, the chief executive officer and general counsel of the company that […]

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Discount retailer to open in former Gardner-White Furniture space in Macomb Twp.

Posted By: Macomb Daily on August 20, 2024.  For more information, please click here to read the source article. A closed Gardner-White Furniture that has sat vacant for about two years will reopen this week as a discount shopping destination in Macomb Township, store officials said Tuesday. Oakland Mall owner Mario Kiezi and business partner Kelsey Bashi will […]

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A new rush for downtown Mount Clemens

Posted By: Macomb Daily on August 25, 2024.  For more information, please click here to read the source article. Downtown Mount Clemens continues to see an evolution of businesses with a growing roster of new faces and spaces coming into town during the past few months. Long known for its collection of bars, restaurants, and diners, the city’s […]

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Metro Detroit retail is back: Here are the hot spots

Posted By: The Detroit News on August 12, 2024.  For more information, please click here to read the source article. When Stein Mart began closing its stores four years ago, it left a large open retail space in the Gateway Center shopping center in West Bloomfield Township. The 26,772-square-foot space on Orchard Lake Road got a new use […]

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Lakeside Mall to close this summer ahead of redevelopment

Posted By: The Detroit News on May 1, 2024.  For more information, please click here to read the source article. The owner of Lakeside Mall has set July 1 as its closing date, paving the way for a $1 billion redevelopment of the Sterling Heights site. Miami-based Lionheart Capital’s retail subsidiary Out of the Box Ventures announced the […]

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Burlington Stores Signs Lease at Oakland Square in Troy, Opens This Fall

Posted By: DBUSINESS on April 26, 2024.  For more information, please click here to read the source article. Burlington Stores Inc., a national discount retailer, has chosen Oakland Square near John R and 14 Mile Road as the site for its first store in the Troy market, a 220,000-square-foot facility expected to open this fall. Burlington joins HomeGoods, […]

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Dollar Tree to close nearly 1,000 stores, posts surprise fourth quarter loss

Posted By: Detroit News on March 13, 2024.  For more information, please click here to read the source article. Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 stores after the discount retailer slashed the value of a rival chain it acquired almost a decade ago. Dollar Tree plans to close about 600 Family […]

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Old Royal Oak industrial site sold, set for makeover into retail

Signature Associates’ Joe Banyai and Ben Wilkiemeyer represented the seller.  Signature is proud to have been a part of this amazing deal! For more information, please click here to read the source article. Posted By: Crain’s Detroit Business on February 28, 2024.      

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The Mall at Partridge Creek Welcomes Five New National Retailers

Posted By: DBUSINESS on September 11, 2023.  For more information, please click here to read the source article. The Mall at Partridge Creek in Clinton Township has signed five new tenants: Box Lunch, JD Sports, Kids Empire, Lovesac, and Windsor. The Box Lunch location at Partridge Creek opened its doors this summer, while the other new tenants are slated […]

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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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Toledo delays action to fund proposed shopping plaza renovation project

Posted By: Toledo Blade on July 2, 2023.  For more information, please click here to read the source article. Toledo postponed acting on a request that would help to fund a $5 million capital improvement project being proposed for the tired and largely vacant Swayne Field Plaza. Toledo City Council was asked to approve a request to underwrite […]

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Pedestrian bridge, $65M private development are the catalysts for Wyoming’s new downtown

Posted By: mlive on April 24, 2023.  For more information, please click here to read the source article. The 28th Street corridor in Wyoming was once a hub of entertainment and shopping in the greater Grand Rapids area. With West Michigan’s first multiplex cinema and first shopping mall, it was the place for family and friends to gather […]

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Retail sector heading in the right direction

Posted By: REjournals on April 27, 2023.  For more information, please click here to read the source article. Tight vacancy rates. Resilience. And growth. These are all positives of the U.S. retail sector according to the latest research from Cushman & Wakefield. According to a first-quarter report from Cushman & Wakefield, the U.S. retail sector started 2023 riding the […]

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Bed Bath & Beyond bankruptcy creates $5 billion opportunity for Target, Amazon

Posted By: The Detroit News on April 24, 2023.  For more information, please click here to read the source article. Bed Bath & Beyond’s liquidation plan may weigh on one source of U.S. retail profits in the short term as the market is inundated with liquidated home and baby products — but it leaves a long-term prize of […]

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Against the grain: These retailers are adding stores in Michigan

Posted By: The Detroit News on March 10, 2023.  For more information, please click here to read the source article.   For more than a decade, a former Kmart store sat vacant in the Utica Park Place shopping center on Hall Road. The 61,000-square-foot space finally got a new use this past fall with the opening of the […]

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Toledo seeks more funds to bring old storefronts back to life

Posted By: The Toledo Blade on March 13, 2023.  For more information, please click here to read the source article.   The city of Toledo wants to expand two grant programs that have made it financially viable for the owners of long-vacant neighborhood commercial buildings to bring them up to code and get them back into productive use. […]

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Demolition starts March 1 on vacant Elder-Beerman store

Posted By: The Toledo Blade on January 24, 2023.  For more information, please click here to read the source article. Demolition of the former Elder-Beerman department store in Toledo is set to begin March 1 and be completed by June at the latest, said the project manager of the demolition contractor. The vacant Elder-Beerman store is located at […]

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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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Meijer to unveil new store concept with smaller facility in Macomb Twp

Posted By: Macomb Daily on September 5, 2022.  For more information, please click here to read the source article.   Meijer is going small for its newest store in Macomb County. The Grand Rapids-based chain has long been known as a supercenter for its combination of groceries and department stores under one roof. But its latest brick-and-mortar store, […]

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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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Shifting retail on Grand Rapids’ east side reflects broader market trends

Posted By: MiBiz on August 28, 2022.  For more information, please click here to read the source article.   Retail corridors on Grand Rapids’ east side are in flux as new businesses move in and longtime staples relocate or shut down. The corridors in East Hills and Eastown embody West Michigan’s hot commercial real estate and retail market, […]

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First Whole Foods Market in Grand Rapids area opening Aug. 17

Posted By: mlive on July 11, 2022.  For more information, please click here to read the source article. Signature Associates’ Joe Rizqallah is proud to have been a part of this deal.   A Whole Foods Market at the Radcliff Plaza shopping center in Kentwood near Woodland Mall is opening Aug. 17, according to a sign hanging outside […]

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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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Over 200 acres by Ann Arbor’s Briarwood Mall now zoned for high-density development

The biggest property rezoning in recent Ann Arbor history is now finalized. City Council voted 8-3 Monday night, April 5, to OK reclassifying over 200 acres around Briarwood Mall under the city’s new TC1 transit-corridor zoning category to pave the way for downtown-style development on the city’s south side. “I’m very excited about this step […]

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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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In Birmingham, downtown streetscape project raises parking concerns

When clients visit Chris Habbo’s company, Care Mortgage on South Old Woodward, they’re able to pull up outside, park, and walk in to get an application, drop off paperwork and handle other business. All of that will change this spring when the city begins its $12 million reconstruction project that will reconfigure a half-mile stretch […]

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Vacant Sears store at Westgate to be demolished; area to be redeveloped

The owners of the Westgate Village Shopping Center plan to purchase the vacant Sears building and redevelop the property, the company’s CEO told The Blade. Liz Holland, the CEO of Chicago-based Abbell Credit Corp., which owns the Westgate plaza, said the vacant building will be razed and the company will evaluate various redevelopment proposals for […]

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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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Felch Street Shopping Center in Holland Twp. sold for $21M

A privately held real estate company in Georgia recently purchased Felch Street Shopping Center in Holland Charter Township for $21 million. The 166,100-square-foot shopping center is fully leased to national and regional retailers including Barnes & Noble, Bed Bath and Beyond, Jo-Ann Fabrics, Jonathan Stevens Mattress, Party City, PetSmart, Shoe Carnival, T.J.Maxx and Ulta Beauty. […]

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SIGNATURE ASSOCIATES LEASES ICONIC LINDA DRESNER BUILDING IN BIRMINGHAM

Signature Associates is pleased to confirm the lease on the former Linda Dresner store on W. Maple Road to Serena & Lily.  Boji Group purchased the iconic building on the corner of Maple and Bates streets, renaming the building MapleBates. Boji Group secured the lease in November of 2021 with the assistance of Signature Associates’ […]

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Retailers adapt to new trends

Adjusting and adapting seemingly have become the “new normal” for retailers as COVID-19 hasn’t shown much sign of going anywhere anytime soon. Despite stock shortages due to supply chain issues, price increases and difficulty with employee retention on the part of retailers, customers still are shopping — and they are doing so in person. A […]

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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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Developers consider Route 20 a prime location for new development

With new retailers filling up Rossford’s former Giant Eagle building and construction taking place in Perrysburg Township’s French Quarter Square, U.S. 20 has become a hub of economic development for the region. “The Route 20 corridor is about as hot as any corridor in the greater Toledo area,” said Doug Flick, director of real estate […]

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Downtown Birmingham sees surprise surge of new retailers

While some downtowns, malls and shopping centers struggle to recover from the impacts of the COVID-19 pandemic on in-person shopping and office space needs, Oakland County’s downtown Birmingham is emerging as a bright spot. The sidewalks and parking structures are busy once again with visitors and downtown workers on lunch break, and at least eight retailers and four new food establishments have in recent […]

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Redevelopment of former North Towne Square Mall to bring 500 new manufacturing jobs

City officials on Thursday announced the long-vacant former North Towne Square Mall property will soon be redeveloped into Toledo’s latest industrial park, a move Mayor Wade Kapszukiewicz said will bring at least 500 well-paying, advanced manufacturing jobs to the community. Kansas City-based NorthPoint Development intends to spend $70 million to build two industrial buildings totaling […]

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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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GR-area commercial retail market strong heading into holiday season

The retail sector of West Michigan’s commercial real estate market is seeing heavy activity despite many business owners struggling to stay fully staffed. Local real estate brokers attribute the high level of activity partly to pent-up demand from consumers and deals being put on hold in 2020 because of the pandemic, as well as the […]

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Southfield sells Northland mall property for $11.1M

After entertaining a number of interested parties, the city of Southfield has finally inked an $11.1 million deal with Bloomfield Hills-based Contour Cos. for a majority of the 114-acre former Northland Center property. The signing of the deal, which was announced July 29, came shortly after the city received approval of a $26 million Michigan […]

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Coming soon to Toledo: Discount retailer HomeBuys, upscale restaurant Cooper’s Hawk

Discount home goods retailer HomeBuys is coming to Toledo, filling a long-vacant space at Talmadge Road and Monroe Street that previously housed The Andersons general store. The Columbus-based company with locations around the state claims a “treasure-hunt atmosphere,” with always-changing items. It purchases closeout items from other retailers and manufacturers then sells them at a deep discount. […]

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Northland mall sale closes; redeveloper plans to build housing, commercial space

The City of Southfield finalized the sale Thursday of the abandoned Northland Center mall to a private developer who plans to demolish big portions of the old shopping mall, save some of it and build new housing and commercial space. Bloomfield Hills-based Contour Companies closed on the $11.1 million purchase agreement for the 97-acre site and the money is sitting […]

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Plan for home furnishings retailer RH in downtown Birmingham moves forward

Two years after Birmingham voters nixed a proposal to build a new parking deck that would help bring RH (formerly Restoration Hardware) to downtown, another plan appears closer to reality. The city’s planning board voted Wednesday to recommend approval of the final site plan and special land use permit for the building that would house […]

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Region’s third known Amazon Fresh grocery store coming to Troy

The region’s third Amazon Fresh grocery store concept is believed to be under construction in Troy. Permits and site plans obtained from the city through a Freedom of Information Act request show a layout and design similar to other Amazon Fresh stores around the country, including locations Crain’s previously first reported in the spring in Shelby […]

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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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Elder-Beerman, Sears redevelopment unlikely for now, city official says

Fifteen months ago the city of Toledo soundly rejected tax abatements that would have helped a California firm redevelop the former Elder-Beerman property on Secor Road. It appears the once-popular department store will remain vacant for the foreseeable future because tearing it down and erecting new retail space on the site is not economically feasible […]

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