Robert Schostak, the third generation of his family to leadSchostak Brothers & Company, says with brownfield tax creditsand other incentives in certain areas of Detroit and its inner ringsuburbs, creative re-use of property makes sense.

"You may have a building that is obsolete for the purpose it wasdesigned for, the demographics around the property may havechanged," says Schostak, co-president and CEO of the family firm."With brownfield or other incentives, you can scrape the site,build new and start over. You might be surprised at themarketability of what you know have."

Schostak is working on a project along those lines in Livonia.The company is in the process of "de-leasing" the Wonderland Mallit purchased a couple years ago and creating a series of "villageshoppes" in several retail pods on the property, while maintainingTarget and a couple of other anchors in detached buildings.

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