Laurel Park Place Explained

Laurel Park Place
Location:Livonia, Michigan, U.S.
Opening Date:1989[1]
Developer:Schostak Bros. & Co.
Manager:CBL & Associates Properties (mall portion)/Schostak (office portion)
Owner:CBL & Associates Properties (mall portion)/Schostak (office portion)
Number Of Stores:approx. 60
Number Of Anchors:5 (4 open, 1 vacant)
Floor Area:506685-2NaN-2
Floors:1 (2 in Von Maur and former Carson's, 4 in office building, 6 in Marriott hotel)
Parking:4-floor garage

Laurel Park Place is an enclosed 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 approximately 60 restaurants and stores. Laurel Park Place includes a Phoenix movie theater, restaurants, a food court, the attached Livonia Marriott hotel, and an office building. 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. The mall's anchor stores are Von Maur and Dunham's Sports.

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 150000square feet expansion that included additional mall space at the northern end.[5] Jacobson's declared bankruptcy and closed the last of its stores in 2002, with its store at Laurel Park Place 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, the food court is mostly abandoned as of 2020.

Parisian was re-branded to Carson's in January 2013.[11]

On April 18, 2018, it was announced that Carson's would be closing as parent company The Bon-Ton Stores was going out of business. The store closed on August 29, 2018.[12]

On November 15, 2019, Dunham's Sports opened a 45,000-square-foot (4,200 m²) store in the lower level of the former Carson's.[13] [14]

External links

Notes and References

  1. http://cblproperties.com/SITEPL~1.NSF/eb6b563409582581882571e700560cbd/1fe2d409449ea33885256ff70064dfc4?OpenDocument Laurel Park Place fact sheet
  2. http://findarticles.com/p/articles/mi_m0EIN/is_2005_June_2/ai_n13792901/ CBL & Associates Properties Announces Closing on Acquisition of Laurel Park Place in Livonia, MI
  3. http://www.detnews.com/2005/business/0506/03/C01-202717.htm Laurel Park Place sold to developer
  4. http://www.secinfo.com/dSAKe.7162.htm SEC Info - Marriott Diversified American Hotels LP · 10-12G · On 6/12/98
  5. News: Parisian readies 1st Michigan store in Livonia. March 21, 1994. Westland Observer. 6A, 7A. 25 September 2015.
  6. http://findarticles.com/p/articles/mi_m0FOS/is_2004_June_2/ai_n6273884 Two malls hit the market in suburban Detroit
  7. http://retailtrafficmag.com/mag/retail_von_maur_moves/ Von Maur Moves In
  8. http://findarticles.com/p/articles/mi_m0EIN/is_2005_June_2/ai_n13792901 CBL & Associates Properties Announces Closing on Acquisition of Laurel Park Place in Livonia, MI
  9. http://www.highbeam.com/doc/1G1-154717581.html Schostak moves offices to Livonia (Brief article)
  10. http://www.detnews.com/apps/pbcs.dll/article?AID=/20070421/BIZ/704210344 Mall TVs broadcast retailers' video ads
  11. http://www.freep.com/article/20130109/FEATURES13/130109081/Parisian-Bon-Ton-Stores-renamed-Carson-s Parisian Bon Ton Stores Renamed Carson's
  12. Web site: Carson's at Laurel Park Place in Livonia likely to close.
  13. Web site: Laurel Park Place . https://web.archive.org/web/20190415002207/https://www.cblproperties.com/assets/blt634c58ab4ba1c095/Laurel%20Park%20Place%20LP.pdf . 15 April 2019 . 29 July 2024 . www.cblproperties.com.
  14. Web site: Finally! Dunham's opens in Laurel Place Place in Livonia. Veselenak. David. HometownLife. en. 2019-11-26.