VW slams brakes on plan to move from Auburn Hills to Southfield
Prior to the COVID-19 pandemic, Friedman Real Estate had been nearing a deal to move the German automaker to the Galleria Officentre property the Farmington Hills-based company owns near 12 Mile and Telegraph roads and build an addition west of the complex.
However, Friedman is now relisting the Galleria for lease and has backed out of a plan to buy the former AMC Star Southfield 20 movie theater at 25333 W. 12 Mile Road nearby as part of a broader redevelopment plan. Emails were sent to David Friedman, executive managing director and founder, seeking comment on Friday and Tuesday.
A spokesperson for VW said the company doesn’t “comment on speculation.” Dave MacDonald, the managing director for JLL who represents the automaker in real estate matters, declined comment.
Terry Croad, Southfield’s planning director, said in March that representatives from Friedman Real Estate said at a public meeting there would be up to 1,800 employees across a new 95,000-square-foot new addition, which would cost at least $8.5 million, and 300,000 square feet-plus at the Galleria.
Neither he nor public planning documents identified VW as the planned user, but multiple sources at the time said it was Volkswagen.
Posted By: Crain’s Detroit Business on September 9, 2020. For more information, please click here to read the source article.
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