X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ROCHESTER HILLS, MI-Meadow Brook Village Mall will be getting a large facelift, and a name change. The mall is transforming into The Village of Rochester Hills.

The city council are allowing developer Robert B. Aikens of Troy to transform the current small indoor mall on 15 acres at Walton and Adams roads into a spread-out village square on 31 acres.

“It’s going to be a full-scale kind of town center, with two anchors and 40 other odd retailers on both sides of a main street,” says Paul Kesman, spokesman for the developer.

The shopping center will total 375,000 sf and is scheduled to open inSeptember 2002.

“The development will create a community-based anchor for Rochester Hills,” Aikens says. “Fully 22% of the site will be green space.”

JPRA of Farmington Hills will oversee the architecture while Grissim/Metz Associates of the city will be the project’s landscape architect.

Parisian, a division of Saks, will open a 120,000-sf store at The Village, along with a Farmer Jack Food Emporium. Other retailers that have signed on include Abercrombie and Fitch, Ann Taylor, Eddie Bauer, Talbot’s and Banana Republic.

The plan for the mall has been in place for some time, but was hampered by local dissent, Kesman says. Aikens has owned the property for 30 years.

Kesman says the developer approached the city in 1991 for plans to develop on the site. However, those plans fell through while Parisian recovered from near bankruptcy.

Kesman says in 1995-96 the city was under pressure from some of theneighbors to save the land and it was rezoned from vacant land to cluster housing.

“That didn’t sit too well with Aikens, so they filed a lawsuit. Four years later, they have finally reached a consent judgment,” he adds.

The consent judgment was signed in 2000, and had a three-year timetable on development, Kesman says. Aikens stepped up the required 2003 opening date.

The affluent mall will require road changes and about 1,500 parking spaces.

Kesman says the mall won’t have a nearby competitor. “Most residents in the area who want to do upscale shopping have to drive down to Troy to Somerset Mall. We’re really trying to hit the upper Oakland County area, where $1-million homes are becoming the normal price for housing,” Kesman said.

Kesman would not reveal the development costs, which Aikens has kept closely guarded.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.