Lakeside Mall

Lakeside Mall is a Taubman-built super-regional full-line shopping mall located in the northeastern Metro Detroit suburb of Sterling Heights, Michigan. The mall is located on M-59 (Hall Road) between Hayes and Schoenherr Roads. Lakeside Mall features three anchor stores: JCPenney and two Macy's, as well as the first H&M in Michigan. The mall also features more than 90 stores on two levels, as well as a food court. Out Of The Box Ventures owns and manages the mall, which is the largest mall in the state of Michigan based on floor area.

Lakeside Mall
LocationSterling Heights, Michigan, United States
Coordinates42.623447°N 82.985809°W / 42.623447; -82.985809
Opening dateMarch 2, 1976
DeveloperA. Alfred Taubman and Homart
ManagementOut Of The Box Ventures
OwnerOut Of The Box Ventures
No. of stores and services90+
No. of anchor tenants5 (3 open, 2 vacant)
Total retail floor area1,550,450 sq ft (144,042 m2)
No. of floors2
Public transit accessSMART 510, 530, 550
Websiteshop-lakesidemall.com

History

Lakeside Mall started as a joint-venture between A. Alfred Taubman and Homart Development. It opened on March 2, 1976 with four anchor stores: Hudson's, Sears, Crowley's, and JCPenney, with Lord & Taylor added in 1978 as a fifth anchor.[1] In 1983, Toys "R" Us opened a store across from the mall. In 1999, after the Crowley's chain filed for bankruptcy, Hudson's purchased the Crowley's building and moved its men's clothing and home goods into it.[2]

In 1988, Rodamco acquired Homart's interest in the center and became a 50/50 joint venture partner with Taubman. In 2000, Rodamco became 100-percent owner of Lakeside in an interest swap with Taubman involving Taubman's Twelve Oaks Mall in Novi, Michigan.[3] In 2001, Hudson's stores are renamed Marshall Field's as part of a nameplate consolidation by parent Target Corp. Steve & Barry's also opened. f.y.e. relocated in 2006 to a smaller store, and H&M opened its first Michigan location in June 2006.[4]

Marshall Field's was one of several nameplates converted to Macy's in 2006, as Federated Department Stores (now Macy's, Inc.) had acquired Marshall Fields' then-parent, May Company. Both the main and auxiliary Macy's at Lakeside Mall were rebranded. A year later, plans were announced for a $3 million renovation of the mall and its periphery. Renovations included new signage and improved pedestrian access to the mall. Exterior renovations began in late 2008.[5] In 2014, Lakeside Mall cleared out a part of the lower level Sears wing to make way for an MC Sports. In 2016, a Jeepers! opened, relocating from Great Lakes Crossing Outlets. MC Sports closed in 2017 along with the rest of the chain due to their bankruptcy. Also in 2017, the mall was acquired by Jones Lang LaSalle, due to GGP defaulting on one of its loans. Later in the year, Macy's Backstage opened in part of the main Macy's store.[6] On March 15, 2018, Toys "R" Us announced that it would be closing all U.S store including the one across from Lakeside Mall. The store closed June 29, 2018 and Spirit Halloween opens seasonally and Lomax Stern owns the property. On May 31, 2018, Sears Holdings announced that the Sears location at the mall would be closing as part of a plan to close 72 stores nationwide. The Auto Center closed in late July, while the store itself closed on September 2.[7]

In 2018, the city of Sterling Heights unveiled future plans for the mall's property, due to the mall consistently losing more tenants due to the retail apocalypse.

In February 2019, JCPenney announced that it would get out of the Appliance and Furniture business, resulting in the closure of the JCPenney Furniture and Appliance outlet in front of the store.

On April 12, 2019, the Jeepers! location at the mall was ordered to close its 4 rides by the Michigan Licensing and Regulatory Affairs due to safety violations,[8] but they have since reopened.

On June 4, 2019, it was announced that Lord & Taylor would also be closing their Lakeside Mall store in September 2019.[9] The store closed on September 15, 2019.

On December 18, 2019, it was announced that the mall had been once again sold, this time to Miami-based company Out Of The Box Ventures, for $26.5 Million. In addition, it was announced that the mall's surrounding properties would be redeveloped to a mixed use development, surrounding the mall, which will remain intact.[10]

gollark: Maybe ABR should gain this ”feature”!
gollark: ?tag bismuth1
gollark: ?tag blub
gollark: ?tag create blub Graham considers a hypothetical Blub programmer. When the programmer looks down the "power continuum", he considers the lower languages to be less powerful because they miss some feature that a Blub programmer is used to. But when he looks up, he fails to realise that he is looking up: he merely sees "weird languages" with unnecessary features and assumes they are equivalent in power, but with "other hairy stuff thrown in as well". When Graham considers the point of view of a programmer using a language higher than Blub, he describes that programmer as looking down on Blub and noting its "missing" features from the point of view of the higher language.
gollark: ?tag blub Graham considers a hypothetical Blub programmer. When the programmer looks down the "power continuum", he considers the lower languages to be less powerful because they miss some feature that a Blub programmer is used to. But when he looks up, he fails to realise that he is looking up: he merely sees "weird languages" with unnecessary features and assumes they are equivalent in power, but with "other hairy stuff thrown in as well". When Graham considers the point of view of a programmer using a language higher than Blub, he describes that programmer as looking down on Blub and noting its "missing" features from the point of view of the higher language.

References
  1. "Page View".
  2. ". Hudson's plans growth at mall: Retailer will move its men's, home shops to Crowley's location at Lakeside Mall". The Detroit News. 25 March 1999. Retrieved 11 August 2010.
  3. "Taubman, Rodamco Swap Interests in Twelve Oaks, Lakeside". www.crenews.com.
  4. Guest, Judith (11 October 2005). "Lakeside Mall wins H&M apparel store" (PDF). Detroit Free Press. Archived from the original (PDF) on 2011-07-08. Retrieved 10 August 2010.
  5. Oparka, Terry (15 August 2007). "Lakeside Mall to get face-lift". C & G Newspapers. Archived from the original on 19 July 2011. Retrieved 10 August 2010.
  6. "Macy's aims to draw bargain hunters with new outlet store concept". Crain's Detroit Business. Retrieved 2018-10-20.
  7. "Sears stores in Dearborn, Sterling Heights closing". Detroit News.
  8. Rahal, Sarah. "State orders 'unsafe' carnival rides in Sterling Heights mall to close". Detroit News.
  9. "Lord + Taylor to close at Lakeside Mall in Sterling Heights". Crain's Detroit Business. 2019-06-05.
  10. "New Miami-based ownership promises mixed use revamp of Lakeside Mall in Sterling Heights". WXYZ. 2019-12-18.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.