Redevelopment Coming Soon

Transcription

1 Redevelopment Coming Soon Up to 29,000 SF 7 Mile and Livernois Avenue 48221

2 NEW MIXED-USE REDEVELOPMENT OF THE ONCE FAMOUS B. SIEGEL DEPARTMENT STORE PROPERTY Located on the well-known Livernois Avenue, Detroit s Gem, is a new redevelopment that can be found on the Northwest side at the intersection of 7 Mile Road. This new addition to the reemerging area, offers stylish architecture and renovated storefronts that are highly visible to the travelers at this busy strip. The legacy of this area hails from the 50 s and 60 s era as a high-end retail district known for its specialty boutiques, restaurants, and night life. JOIN THE RE-EMERGENCE OF 7 MILE & LIVERNOIS Today, Livernois Avenue brims with new retailers and eateries, joining the area s well established businesses like Baker s Lounge-America s oldest operating jazz club. The strip is quickly becoming home to a vibrant restaurant scene. It s stroll appeal makes it an excellent opportunity for a variety of retail businesses-coffee houses, fitness centers, apparel, and jewelry stores-and many others. New businesses will benefit from vibrant re-emergence of the iconic boulevard, in the heart of one of Detroit s most historic neighborhoods.

3 Marshall s Meijer Baker s Keyboard Lounge Walking distance to Detroit s wealthiest and historic neighborhoods Palmer Woods, State Fairgrounds Redevelopment Sherwood Forest, University District and Bagley In close proximity to University of Detroit Mercy and Marygrove College Narrow Way Cafe Kuzzo s Chicken & Waffles Bucharest Grill 1917 American Bistro Motor City Brewing Works Target area for Detroit s $30 Million Strategic Neighborhood Fund U of D Jesuit High School DPD 12 th Precinct Social Sushi CVS Areas Demographics 3-Mile Radius Palmer Park 148,018 Estimated population Sav-On Secretary of State Detroit Golf Club La Dolce Vita 44,371 Estimated daytime population University of Detroit Mercy Downtown 38.1 Average age

4 Located at the corner of Livernois Avenue and 7 Mile Road, the Bagley Forest Property site will be redeveloped as an active, living environment serving the needs of the community through a mix of retail, a commercial eatery and cafe, and multi-family dwelling units catered to the local student population. LI RN VE D R LE S OI I E AV 7M N The existing B. Siegel Department Store will remain, serving as the anchor retail store for the development. Connecting the department store will be a new structure that embraces the pedestrian scale of the surrounding retail along Livernois while accentuating the corner development and increasing the local density with new residential above. Select portions of single story-structures to be demolished to accommodate Basement parking and Re-oriented Retail. Total Building Area: 54,107 SF Multi-Family Residential: Retail Space: 29,000 SF 10 units Studio, One & Two Bedroom Basement Parking Garage: 29 spaces Units with Lofts

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7 Arthur Itkis Vice President Retail Brokerage Services Aaron Moore Associate Brokerage/Capital Markets jllretail.com 2017 JLL IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.