(For more retail coverage, click GlobeSt.com/RETAIL.)

(Natalie Keith is a contributing writer to GlobeSt.com.)

CLINTON TOWNSHIP, MI-REIT Taubman Centers Inc. has signed 16 leases for stores and restaurants at the Mall at Partridge Creek. The 640,000-sf open-air shopping center, owned by Bloomfield Hills-based REIT Taubman Centers Inc., is scheduled to open in October 2007.

Four restaurants that have signed leases including P.F. Chang's China Bistro, Bravo! Italian Kitchen, California Pizza Kitchen and Claddagh Irish Pub. Twelve stores that have signed leases include Apple, Ann Taylor, Coldwater Creek, J. Crew, Brooks Brothers, Delia's, Gap, Gap Kids, Baby Gap, Gap Body, Banana Republic and Eddie Bauer. There is room for a total of up to 90 stores and/or restaurants, Taubman's Karen McDonald tells GlobeSt.com. "We have fully executed leases for these stores and restaurants and are in discussions with many other retailers," she says. "We believe that the mall will be as much as destination for dining and entertainment as it is for shopping."

The mall is located along the south side of M-59 between Garfield and Romeo Plank. It will be anchored by a 120,000-sf, two-story Parisian and a 129,000-sf, two-story Nordstrom which will open in spring 2008. It will also include a 14-screen, 55,749-sf movie theater complex with 2,500 stadium-style seats being built by MJR Theatres. The initial stages of site preparation were started in April at the site, McDonald says.

In its year-end earnings report ended Dec. 31, 2005, Taubman reported a net income 87 cents per diluted share, compared with a net loss of 10 cents per diluted share for the previous year. The earnings included a $52.8-million gain on the sale of the Woodland Mall in Grand Rapids. Adjusted funds from operations per share was $2.36 in 2005, up 9.3% from $2.16 a year earlier.

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UPDATE: Taubman Signs 16 Leases for Mall at Partridge Creek

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