Hunt Is on To Fill 127 Acres With Office, Retail

PONTIAC, MI-The city has hired CB Richard Ellis to sell the Pontiac Silverdome, the shuttered former home of the Detroit Lions. The city has been trying to market the 127-acre property since the team left to the new Ford Field in Detroit in 2002, but has not been successful.

The city is in the center of the Michigan’s most affluent area, Oakland County, but is one of the poorest communities surrounded by blight, vacant businesses and high crime. However, CBRE has been asked by the city to find a buyer willing to replace the 80,000-seat stadium with a corporate campus or a mixed-use retail development. The property, at I-75 and M-59, is zoned residential, says Myrna Burroughs, a CBRE associate.

“They hope to open it up to as many type of buyers, it’s ideal for a corporate campus, or maybe a hospital campus, or possible a setting for big box stores,” Burroughs tells GlobeSt.com. She says that the city is pretty open, but does want to stay away from one type of property. “They do not want heavy industrial or manufacturing, but they may take light industrial,” Burroughs says.