FRIEDMAN RETAINED AS EXCLUSIVE LISTING AGENT FOR SOUTHFIELD’S 125-ACRE NORTHLAND REDEVELOPMENT SITE
Farmington Hills, Michigan (August 21, 2017) – Friedman Integrated Real Estate Solutions, one of the nation’s leading providers of commercial real estate services, was recently retained as exclusive listing agent for Southfield’s 125-acre Northland Redevelopment Site. The 125-acre redevelopment site located along Northwestern highway within 12 miles of downtown Detroit, includes a preliminary plan created by the city of Southfield that proposes a mixed-use development with significant residential components.
The Southfield City Council approved new master plan, is a conceptual, market driven blueprint that outlines the standards and vision for developers of the former mall property. The new plan also considers which buildings, if any, can be reused. The plan offers a mix of housing options, R&D, medical office, local retail entertainment and dining.
The proposed Master Plan is based on a series of development blocks/districts that collectively create a safe and vibrant mixed-use destination for Southeast Michigan residents, business, and visitors. The Plan is intended to be highly flexible to adapt to market conditions. While adaptable, the development of the area should stay true to the vision of vibrancy, safety, inclusion, innovation, health and wellness, sustainability, and community. High quality architecture and public spaces are essentials to the long-term success of the project. Attention to detail and brand elements should continue to be a key focus of the redevelopment or the area with the goal of creating more than just another new development, Northland will be a place to call home.
The city of Southfield is in an affluent market with vital access to and from Michigan’s largest city, Detroit. Located adjacent to the Lodge Freeway (M-10), it connects with two other major expressways, the Southfield Freeway and I-696. About 140,000 vehicles pass the redevelopment site daily when traveling on the Lodge offering prominent exposure for the redevelopment.
“The Northland site is an iconic location that is familiar to many metro-Detroit area and Michigan residents. We are delighted to be a part of a project that will help revitalize the area,” said Andrew Ledger, Managing Director, Business Development. “Northland is a unique opportunity as it represents one of the largest infill development sites in Southeastern Michigan.”
When Northland Center opened in March 1954, it was the largest shopping mall in the world, 20 years later, in 1974, the mall was enclosed. Northland led the way for Southfield to become a major commercial, business and residential center in metropolitan Detroit. At the time of the original center’s completion, Southfield’s population was only 25,000. Fifteen years later, the population had more than doubled to 69,000, and today the city boasts over 73,000 residents and a daytime population reaching 175,000. Alongside the contribution to population growth, the Center helped foster enormous office expansion. Today, Southfield boasts more than 27 million square feet of office space, making it Michigan’s undisputed business center and a prominent bulk of Friedman’s management portfolio.
“The former Northland Center represents an outstanding opportunity for a vibrant new mixed use development of residential, retail, office and green space,” commented Southfield Mayor Kenson Siver. “The Northland name is synonymous with Southfield and it’s imperative that we find the finest development possible for this very prominent and centrally-located site. We are very excited about this project and confident that it will be a great success.”
For more additional sale information visit www.northlandsouthfield.com or call 248.324.2000.
ABOUT THE CITY OF SOUTHFIELD
Located in the heart of southeastern Michigan, with easy access to most major Detroit-area expressways, Southfield offers both a cosmopolitan, culturally diverse residential population and a thriving international business community. Southfield is home to more than 73,000 residents, offering a complete living community, featuring over 770 acres of park land, and more than 30 miles of biking, hiking, and nature trails. With a daytime population nearing 175,000, 27 million square feet of office space, more than 10,000 businesses and over 100 “Fortune 500” companies, Southfield is also Michigan’s undisputed business center. Southfield provides great educational opportunities from public, private, charter K-12, community/specialty trades, seven state and private colleges and universities.
ABOUT FRIEDMAN INTEGRATED REAL ESTATE SOLUTIONS
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Integrated Real Estate Solutions provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 10,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.
For more information, please visit: www.friedmanrealestate.com.