Lakeside Mall

42°37′24″N 82°59′09″W / 42.623447°N 82.985809°W / 42.623447; -82.985809Opening dateMarch 2, 1976Closing dateJune 30, 2024DeveloperA. Alfred Taubman and HomartManagementSpinoso Real Estate Group^[1]OwnerOut Of The Box VenturesNo. of stores and services0No. of anchor tenants5 (3 occupied, 2 vacant)Total retail floor area1,550,450 sq ft (144,042 m²)No. of floors2Public transit access SMART 510, 530, 550Websiteshop-lakesidemall.com

Lakeside Mall was a super-regional shopping mall in Sterling Heights, Michigan. Located on M-59 (Hall Road) between Hayes and Schoenherr Roads, the mall is currently anchored by Macy's and JCPenney via exterior entrances, 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 was the largest mall in Michigan by leasable square footage at the time of its closing.^[2]

Following years of decline in occupancy and foot traffic, Lakeside Mall closed permanently on June 30, 2024.^[3][4][5][6] The property is planned to be redeveloped into Lakeside Town Center, a mixed-use development, with construction expected to begin in 2025. The remaining anchor tenants, Macy's and JCPenney, are expected to remain in place during construction, though the rest of the mall will be demolished at an undetermined date.

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.^[7] The mall was designed and built in a similar style to other Taubman-developed malls of the era, including Fairlane Town Center and Twelve Oaks Mallelsewhere in the Detroit suburbs.

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 the space, an arrangement that continues today under Macy's.^[8]

In the 1980s, the mall was the first in Michigan to feature an indoor tubular waterslide called the Hydrotube,^[9] The waterslide covered large areas of the mall, making it highly notable.

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 Twelve Oaks Mall.^[10] 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. FYE relocated in 2006 to a smaller store, and H&M opened its first Michigan location in June 2006.^[11]

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 in 2007, 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.^[12] 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.^[13]

Decline and redevelopment

In May 2018, Sears announced the closure of their Lakeside store, alongside 62 other underperforming stores;^[14] the store closed on September 2 of that year.^[15] Later, in June 2019, Lord & Taylor announced that their Lakeside location would also close; it closed on September 15, 2019.^[16]

By 2018, plans were being considered to redevelop Lakeside.^[17] The mall was sold to Out Of The Box Ventures, a division of Miami-based Lionheart Capital, for $26.5 million in December 2019. In addition, it was announced that the mall's surrounding properties would be developed in an enhanced development surrounding the mall.^[18][19]

On May 1, 2024, Lakeside's owners announced that the mall would permanently close on July 1, 2024.^[20] Its closing date was later moved to June 30, though news reports of the date conflicted until its closure.^[3][4][5][6]

References

External links

• Lakeside Mall Website