That figure includes the $35.4 million local tax capture, plus $49.3 million in "direct support." The direct support from the city includes: In total, Southfield has committed nearly $85 million toward the project. The Northland site has been unused since the mall closed in 2015 and the city bought it. The latest details of Contour's plan were publicly released Tuesday for the first since the property's July 15 sale. Once construction gets underway, the plan is to start leasing the various new buildings as they are done and not wait until the entire project is completed, he said. I’d say we fly under the radar a little bit, but this project is essentially putting us on the map." "We will be financing the first phase of construction and financing is in place," Dedvukaj said during the meeting. Contour's inspiration for the market is the Ponce City Market in Atlanta, which contains a food hall, home furnishings shops and offices.Ĭontour has done development projects and other work in 10 states, and Northland would be its largest project to date. The firm's equity contribution to the project is about 18%, state officials said, and its anticipated rate of return about 14%. The vacant Macy's would be rehabbed to become "Hudson City Market," a 530,406-square-foot food and goods emporium with dining and entertainment options oriented around a central atrium. Planning documents describe the residences as "workforce housing" with asking rents ranging from $1.75 to $1.86 per square for one-bedroom units, and $1.49 to $1.58 per square foot for two bedrooms. ![]() The other 254 units would be lofts constructed in what is now ground-level retail space surrounding the former Macy's department store, originally a Hudson's. The project calls for 1,546 new housing units, of which 1,292 would go in the 14 new buildings. More: Same name, very different future for Northland mall site More: Northland mall sale closes redeveloper plans to build housing, commercial space ![]() This is going to transform the state," said Dedvukaj, chief operating officer of Contour, "and it’s going to be a blueprint for many malls that are closed down throughout the country on how to redevelop." The new project's name: Northland City Center.ĭavid Dedvukaj, chief operating officer of Contour, described the company's vision for this new Northland as that of "a city within a city" during a Tuesday meeting of the Michigan Strategic Fund in Lansing, whose members unanimously approved the project's subsidies. Nine of those new buildings would have ground-floor commercial space such as restaurants, including along Greenfield Road.ĭemolition is planned to start early next month, and the redevelopment work is to happen in phases and completely finish in 2026 or 2027. An ambitious $403 million project to partially demolish and then redevelop the old Northland Center mall site into a new "city within a city" with more than 1,500 residences for middle-income renters - one of the largest developments of its kind in recent years - is moving forward after receiving key state approvals Tuesday for public subsidies.īloomfield Hills-based Contour Companies, which earlier this month bought the abandoned shopping mall property from the city of Southfield for $11.1 million, plans to rehab a portion of the shuttered mall and also build 14 new buildings on the 115-acre site, filling in much of the massive and empty 8,000-space parking lot now there.
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