Laurel Park Place

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Laurel Park Place Mall
Location Livonia, Michigan, USA
Opening date 1989[1]
Developer Schostak Bros. & Co.
Management CBL & Associates Properties
Owner CBL & Associates Properties
No. of stores and services 74[1]
No. of anchor tenants 2
Total retail floor area 506,685 sq ft (47,100 m2)[1]
No. of floors 1
Website http://www.laurelparkplace.com/

Laurel Park Place is an enclosed upscale shopping mall located in the city of Livonia, a suburb of Detroit, Michigan, United States. The mall, which is managed by CBL & Associates Properties, features over 70 restaurants and stores, with Carson's and Von Maur as anchor stores. Laurel Park Place includes the Phoenix movie theaters, restaurants, a food court, the attached Livonia Marriott hotel, and an office tower. In 2004, Laurel Park Place had $409 per sq ft of sales, above the threshold for class A mall properties.[2] It is located near the intersection of I-275 and 6 Mile Rd.

History

Laurel Park Place was developed by Schostak Bros & Co. of Southfield, Michigan. The mall opened in 1989,[1][3] featuring a Marriott hotel, an office tower, with Jackson, Michigan-based Jacobson's as its anchor store. This store was the largest Jacobson's in the chain.[4]

Parisian opened its first Michigan location at the mall in August 1994. The store was part of a 150,000-square-foot (14,000 m2) expansion that included additional mall space at the eastern end.[5] Jacobson's declared bankruptcy and closed the last of its stores in 2002, and their store at Laurel Park Place was replaced a year later by Von Maur.[6][7] CBL & Associates Properties acquired a 70% joint venture interest in the mall from Schostak Bros. & Co. in 2005.[3][8] Schostak has since moved its headquarters into Laurel Park Place's office complex.[9]

In 2007, Laurel Park Place was one of three Detroit-area shopping malls to install big-screen televisions throughout the mall, advertising businesses within the mall itself.[10] A food court was added next to the Marriott hotel in 2008.

Parisian was re-branded to Carson's in January 2013.[11] H&M will be opening a location at the mall in fall 2015, across from Carson's, near the food court.

Laurel Park Place, east entrance
Laurel Park Place, east entrance

References

  1. ↑ 1.0 1.1 1.2 1.3 Laurel Park Place fact sheet
  2. ↑ CBL & Associates Properties Announces Closing on Acquisition of Laurel Park Place in Livonia, MI. BNET. Retrieved on July 4, 2009.
  3. ↑ 3.0 3.1 Laurel Park Place sold to developer
  4. ↑ SEC Info - Marriott Diversified American Hotels LP · 10-12G · On 6/12/98
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Two malls hit the market in suburban Detroit
  7. ↑ Von Maur Moves In
  8. ↑ CBL & Associates Properties Announces Closing on Acquisition of Laurel Park Place in Livonia, MI
  9. ↑ Schostak moves offices to Livonia (Brief article)[dead link]
  10. ↑ Mall TVs broadcast retailers' video ads
  11. ↑ http://www.freep.com/article/20130109/FEATURES13/130109081/Parisian-Bon-Ton-Stores-renamed-Carson-s

External links

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