Lakeside Mall

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Lakeside Mall
Lakeside Mall - Sterling Heights (51788339753).jpg
Entrance to the Food Court
Lakeside Mall
Location Sterling Heights, Michigan, United States
Coordinates 42°37′24″N82°59′09″W / 42.623447°N 82.985809°W / 42.623447; -82.985809
Opening dateMarch 2, 1976
Closing dateJuly 1, 2024
Developer A. Alfred Taubman and Homart
Management JLL
Spinoso Real Estate Group [1]
OwnerOut Of The Box Ventures
No. of stores and services180 [2] (24 occupied at Jun 2024)
No. of anchor tenants 5 (3 occupied, 2 vacant)
Total retail floor area 1,550,450 sq ft (144,042 m2)
No. of floors2
Public transit accessAiga bus trans.svg SMART 510, 530, 550
Website shop-lakesidemall.com

Lakeside Mall is a super-regional shopping mall in Sterling Heights, Michigan. Located on M-59 (Hall Road) between Hayes and Schoenherr Roads, the mall is anchored by Macy's and JCPenney, with two vacant anchor stores previously occupied by Lord & Taylor and Sears. With 1,550,000 square feet of retail space spanning two floors, Lakeside Mall is the largest mall in the state of Michigan by leasable square footage. [3]

Contents

Due to dwindling occupancy and plans for redevelopment, Lakeside Mall is slated to close permanently on July 1, 2024. [4]

History

Lakeside Mall started as a joint-venture between A. Alfred Taubman and Homart Development. It opened on March 2, 1976 with four anchor stores: Hudson's, Sears, Crowley's, and JCPenney, with Lord & Taylor added in 1978 as a fifth anchor. [5] In 1983, Toys "R" Us opened a store across from the mall. In 1999, after the Crowley's chain filed for bankruptcy, Hudson's purchased the Crowley's building and moved its men's clothing and home goods into it. [6]

In 1988, Rodamco acquired Homart's interest in the center and became a 50/50 joint venture partner with Taubman. In 2000, Rodamco became 100-percent owner of Lakeside in an interest swap with Taubman involving Taubman's Twelve Oaks Mall in Novi, Michigan. [7] In 2001, Hudson's stores were renamed Marshall Field's as part of a nameplate consolidation by parent Target Corp. Steve & Barry's also opened. f.y.e. relocated in 2006 to a smaller store, and H&M opened its first Michigan location in June 2006. [8]

Marshall Field's was one of several nameplates converted to Macy's in 2006, as Federated Department Stores (now Macy's, Inc.) had acquired Marshall Fields' then-parent, May Company. Both the main and auxiliary Field's stores at Lakeside Mall were rebranded. A year later, plans were announced for a $3 million renovation of the mall and its periphery. Renovations included new signage and improved pedestrian access to the mall. Exterior renovations began in late 2008. [2] In 2014, Lakeside Mall cleared out a part of the lower level Sears wing to make way for an MC Sports. In 2016, a Jeepers! opened, relocating from Great Lakes Crossing Outlets. MC Sports closed in 2017 along with the rest of the chain due to their bankruptcy. Also in 2017, the mall was acquired by Jones Lang LaSalle, due to GGP defaulting on one of its loans. Later in the year, Macy's Backstage opened in part of the main Macy's store. [9]

The dawn of the early 2020s saw several storied traditional department store retailers update its brick-and-mortar formats after being encroached upon to a degree by several digital retailers in recent years in addition to the COVID pandemic.

In May 2018, Sears announced that they would shutter as part of an ongoing decision to eliminate its brick-and-mortar format. [10]

In 2018, the city of Sterling Heights unveiled future plans for the mall's property.

In June 2019, Lord & Taylor, which also maintained additional outpost nearby, announced that it had chosen this outpost to shutter. [11] The store closed on September 15, 2019.

In December 2019, it was announced that the mall had been sold to Miami-based company Out Of The Box Ventures, for $26.5 Million. In addition, it was announced that the mall's surrounding properties would be developed in an enhanced development, surrounding the mall. [12]

The mall remains open, even as mixed-use redevelopment plans are debated and refined. They are not expected to come to fruition until 2024 or 2025. [13]

On May 1, 2024, the owners announced that the mall will permanently close on July 1, 2024. [4]

Waterslide

In the 1980s, the mall was the first in Michigan to feature an indoor tubular waterslide called the Hydrotube, [14] The waterslide covered large areas of the mall, making it highly notable.

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References

  1. ↑ "Lakeside Mall - Sterling Heights, MI". Spinoso Real Estate Group. Retrieved 2021-11-06.
  2. 1 2 Oparka, Terry (15 August 2007). "Lakeside Mall to get face-lift". C & G Newspapers. Archived from the original on 19 July 2011. Retrieved 10 August 2010.
  3. ↑ "Downtown Ferndale Retail Market Analysis" (PDF). Ferndale Downtown Development Authority. Gibbs Planning Group. 2015-12-17.
  4. 1 2 Reindl, JC (May 1, 2024). "Lakeside Mall in Sterling Heights to permanently close July 1". Detroit Free Press .
  5. ↑ "Page View". Archived from the original on 2012-08-02.
  6. ↑ ". Hudson's plans growth at mall: Retailer will move its men's, home shops to Crowley's location at Lakeside Mall". The Detroit News . 25 March 1999. Retrieved 11 August 2010.
  7. ↑ "Taubman, Rodamco Swap Interests in Twelve Oaks, Lakeside". www.crenews.com.
  8. ↑ Guest, Judith (11 October 2005). "Lakeside Mall wins H&M apparel store" (PDF). Detroit Free Press. Archived from the original (PDF) on 2011-07-08. Retrieved 10 August 2010.
  9. ↑ "Macy's aims to draw bargain hunters with new outlet store concept". Crain's Detroit Business. Retrieved 2018-10-20.
  10. ↑ "Sears stores in Dearborn, Sterling Heights closing". Detroit News.
  11. ↑ "Lord + Taylor to close at Lakeside Mall in Sterling Heights". Crain's Detroit Business. 2019-06-05.
  12. ↑ "New Miami-based ownership promises mixed use revamp of Lakeside Mall in Sterling Heights". WXYZ. 2019-12-18.
  13. ↑ Williams, Candice (November 1, 2022). "Business: Lakeside Mall redevelopment gets thumbs-up from Sterling Heights council". The Detroit News . Retrieved April 14, 2023.
  14. ↑ "Hydrotube". Hydrotube. Oakland County Moms. Retrieved 27 March 2022.
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