Please share as it looks like new development may actually be coming to our area and soon…..
Meijer to sign lease for Detroit store
12:28 PM, Jun. 27, 2011 |
BY JOHN GALLAGHER
DETROIT FREE PRESS STAFF WRITER Filed Under
The grocery superstore chain Meijer is expected to sign a lease by mid-July for a new Detroit store at Woodward and 8 Mile Road, project developers said today.
Ken Till, vice-president of the Southfield-based development firm Redico, told the Detroit Brownfield Redevelopment Authority meeting that Meijer is reviewing the final lease and should be signed in about two weeks. Meijer would be the anchor tenant of the long-planned Gateway Marketplace project.
Long-delayed but finally moving forward, the Gateway project would also feature a Marshalls store as well as a bank branch, a McDonald’s, and several other stores. Till told the authority that Redico is talking to retailers including Old Navy and PetSmart as possible tenants.
The retail project, on the southeast corner of Woodward and 8 Mile, is planned as 362,000 square feet of retail space on 36 acres. Key funding will include a loan from Detroit’s General Retirement System pension fund, as well as a variety of tax credits. Construction could begin later this year.
Contact John Gallagher: 313-222-5173 or gallagher99 @freepress.com