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Coordinates: 42°24′43.6″N 83°24′54″W / 42.412111°N 83.41500°W / 42.412111; -83.41500
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==History==
==History==


Laurel Park Place was developed by Schostak Bros & Co. of [[Southfield, Michigan]]. The mall opened in 1989<ref name="fact"/><ref name="det">[http://www.detnews.com/2005/business/0506/03/C01-202717.htm Laurel Park Place sold to developer]</ref>, featuring a Marriott hotel, an office tower, with [[Ann Arbor, Michigan]]-based [[department store]] [[Jacobson's]] as its anchor store. This store was the largest Jacobson's in the chain.<ref>[http://www.secinfo.com/dSAKe.7162.htm SEC Info - Marriott Diversified American Hotels LP · 10-12G · On 6/12/98]</ref>
Laurel Park Place was developed by [http://www.schostak.com Schostak Bros & Co.] of [[Southfield, Michigan]]. The mall opened in 1989<ref name="fact"/><ref name="det">[http://www.detnews.com/2005/business/0506/03/C01-202717.htm Laurel Park Place sold to developer]</ref>, featuring a Marriott hotel, an office tower, with [[Ann Arbor, Michigan]]-based [[department store]] [[Jacobson's]] as its anchor store. This store was the largest Jacobson's in the chain.<ref>[http://www.secinfo.com/dSAKe.7162.htm SEC Info - Marriott Diversified American Hotels LP · 10-12G · On 6/12/98]</ref>


[[Parisian]] opened its first Michigan location at the mall in 1994.<ref>[http://findarticles.com/p/articles/mi_hb279/is_199405/ai_n8185656 Parisian Opening Set At Laurel Park Place (Brief article)]{{Dead link|date=May 2010}}</ref> Jacobson's declared bankruptcy and closed the last of its stores in 2002; their store at Laurel Park Place was replaced a year later by [[Von Maur]].<ref>[http://findarticles.com/p/articles/mi_m0FOS/is_2004_June_2/ai_n6273884 Two malls hit the market in suburban Detroit]</ref><ref>[http://retailtrafficmag.com/mag/retail_von_maur_moves/ Von Maur Moves In]</ref> [[CBL & Associates Properties]] acquired a 70% [[joint venture]] interest in the mall from Schostak Bros. & Co. in 2005.<ref name="det"/><ref>[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]</ref> Schostak has since moved its headquarters into Laurel Park Place's office complex.<ref>[http://www.highbeam.com/doc/1G1-154717581.html Schostak moves offices to Livonia (Brief article)]{{Dead link|date=May 2010}}</ref>
[[Parisian]] opened its first Michigan location at the mall in 1994.<ref>[http://findarticles.com/p/articles/mi_hb279/is_199405/ai_n8185656 Parisian Opening Set At Laurel Park Place (Brief article)]{{Dead link|date=May 2010}}</ref> Jacobson's declared bankruptcy and closed the last of its stores in 2002; their store at Laurel Park Place was replaced a year later by [[Von Maur]].<ref>[http://findarticles.com/p/articles/mi_m0FOS/is_2004_June_2/ai_n6273884 Two malls hit the market in suburban Detroit]</ref><ref>[http://retailtrafficmag.com/mag/retail_von_maur_moves/ Von Maur Moves In]</ref> [[CBL & Associates Properties]] acquired a 70% [[joint venture]] interest in the mall from Schostak Bros. & Co. in 2005.<ref name="det"/><ref>[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]</ref> Schostak has since moved its headquarters into Laurel Park Place's office complex.<ref>[http://www.highbeam.com/doc/1G1-154717581.html Schostak moves offices to Livonia (Brief article)]{{Dead link|date=May 2010}}</ref>

Revision as of 14:06, 11 August 2010

Laurel Park Place
Map
LocationLivonia, Michigan, USA
Opening date1989[1]
DeveloperSchostak Bros. & Co.
ManagementCBL & Associates Properties
OwnerCBL & Associates Properties
No. of stores and services74[1]
No. of anchor tenants2
Total retail floor area506,685 sq ft (47,100 m2)[1]
No. of floors1
Websitehttp://www.laurelparkplace.net/

Laurel Park Place is an enclosed upscale 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 over 70 restaurants and stores, with Parisian and Von Maur as anchor stores. Laurel Park Place includes the Phoenix movie theaters, restaurants, a food court, the attached Livonia Marriott hotel, and an office tower. 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.

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 Ann Arbor, Michigan-based department store 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 1994.[5] Jacobson's declared bankruptcy and closed the last of its stores in 2002; their store at Laurel Park Place was 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.

Laurel Park Place, east entrance.

References

  1. ^ a b c d Laurel Park Place fact sheet
  2. ^ CBL & Associates Properties Announces Closing on Acquisition of Laurel Park Place in Livonia, MI. BNET. Retrieved on July 4, 2009.
  3. ^ a b Laurel Park Place sold to developer
  4. ^ SEC Info - Marriott Diversified American Hotels LP · 10-12G · On 6/12/98
  5. ^ Parisian Opening Set At Laurel Park Place (Brief article)[dead link]
  6. ^ Two malls hit the market in suburban Detroit
  7. ^ Von Maur Moves In
  8. ^ CBL & Associates Properties Announces Closing on Acquisition of Laurel Park Place in Livonia, MI
  9. ^ Schostak moves offices to Livonia (Brief article)[dead link]
  10. ^ Mall TVs broadcast retailers' video ads

42°24′43.6″N 83°24′54″W / 42.412111°N 83.41500°W / 42.412111; -83.41500

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