Scheduled for fall 2002 occupancy, Two Towne Square will be a nine-story,180,000 square foot office tower connected to the existing 425,000-sf, 18- story One Towne Square and its full service retail concourse.

The new project will be built in the $140 to $150 per sf price range, at more than $2.6 million total, said John Fricke from Signature Associates of Southfield, the leasing agent.

"I think it's a great central location, with all the amenities in place, foran expansion," Fricke says. "The new building will be connected to the first phase, so all the retail will be connected on one concourse level. Plus, the ownership really feels the demand is there."

The new office tower will be serviced by the existing retailers in the building including Morton's of Chicago Steakhouse, Sterling Bank, Sundries Plus Cafeteria, See-More Travel and the Towne Square Florist. Oakland Towne Square also features covered deck parking, 24-hour security guard service, basement storage, fiber optics and cable access.

|Two Towne Square's floors will be approximately 23,000 sf withsmaller suites available.

Class A office space in Southfield is leasing for about $24.34 per sf.

Redico has assembled a team to create the building. The team includes Rossetti & Associates, the original architects of One Towne Square, as project architect, The Dailey Company as general contractor and SignatureAssociates as leasing agent.

The development of Two Towne Square continues the tradition of its latefounder, Robert Sosnick, of developing real estate projects such as the Topof Troy tower, the Ameritech Building and the Palace of Auburn Hills.

Instant Insights /

180,000-SF Office, Retail Asset Is About to Come Out of the Ground

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