Twelve Mile Crossing at Fountain Walk

Twelve Mile Crossing at Fountain Walk

Entrance on Twelve Mile Road
Location Novi, Michigan, United States
Coordinates 42°29′31″N 83°28′55″W / 42.492°N 83.482°WCoordinates: 42°29′31″N 83°28′55″W / 42.492°N 83.482°W
Opening date 2002
Developer PLC Novi West, Schostak Corporation
Management Transwestern
Owner Transwestern
No. of stores and services 20
No. of anchor tenants 3
Total retail floor area 737,000 square feet (68,469.5 m2)
No. of floors 1

Twelve Mile Crossing at Fountain Walk is an open-air lifestyle center retail complex located across from the super-regional Twelve Oaks Mall in the city of Novi, a suburb of Detroit, Michigan, United States. The center features Dick's Sporting Goods and Sears Outlet as its anchor stores; in addition, the center features a movie theater, game room, and many restaurants.

History

After initial delays that cancelled two of its anchor stores (Jillian's and a movie theater),[1] construction began on Fountain Walk in late 2001. The mall's owner, PLC Novi West, worked initially with Taubman Centers and Ramco-Gershenson, two Detroit-area based developers; Schostak Corporation was later hired as a leasing agent.[2]

The first stores to open were Galyan's Trading Company and The Great Indoors.[3] A year later, the rest of the mall opened to the public.[3] Additional renovations brought a movie theater and a game room called Lucky's.[2] The entire Galyan's chain was acquired and re-branded by Dick's Sporting Goods in 2004. Also in 2004, the mall's developers filed Chapter 11 bankruptcy.[2]

Difficulty of access to the mall has been cited as a factor limiting the center's growth,[4] as the mall lacks visibility from 12 Mile Road, Novi Road, and Interstate 96, the three major roads that surround it. The center has been no more than seventy percent leased since its opening, and several major tenants have closed.[5] Modern Skate & Surf announced on its website that it was moving because "the landlord is remodeling the mall and our building will be torn down."[6]

Redevelopment

Approximately 60,000 square feet (5,574.2 m2) of the mall was demolished in 2006 and re-developed;[5] similarly, another large part of the mall which housed Modern Skate was demolished in July 2008.[7] Additional big box stores were to have been added in the renovation, including a Powerhouse Gym.[8] The center was also renamed Twelve Mile Crossing at Fountain Walk.[9] Cost Plus World Market announced the closure of all its Detroit locations in April 2008.[10] The middle portion of the mall was then torn down, and a large section of retail space was converted to a gym. After parent company Sears closed all of its Great Indoors stores in 2012, the location at Fountain Walk was converted to a Sears Outlet store.[11] Mall developers have also presented the City of Novi with a plan to construct multiple tenant buildings along with a large retail/supermarket space to be built behind Dick's.

References

  1. ↑ "Rocky road to Novi; Fountain Walk ready to go after overcoming early pitfalls.(Cover Story)(Brief Article)" (HTML). Crain's Detroit Business. 2002-09-16. Retrieved 2007-08-22.
  2. ↑ 2.0 2.1 2.2 "Mall owner's bankruptcy filing doesn't faze tenants". Oakland Press.com. 2004-09-21. Retrieved 2007-08-22.
  3. ↑ 3.0 3.1 "Retailers debut at Detroit’s Fountain Walk retail project" (HTML). Detroit Building Trades.com. 2001-12-07. Retrieved 2007-08-22.
  4. ↑ "Novi takes tough stand on growth" (HTML). Detroit News. 2005-06-26. Retrieved 2007-08-22.
  5. ↑ 5.0 5.1 "Fountain Walk to be remodeled" (HTML). Oakland Press.com. 2006-06-24. Retrieved 2007-08-22.
  6. ↑ "Modern Skate & Surf website". Retrieved 2007-09-15.
  7. ↑ "Fountain Walk to be remodeled". Oakland Press.com. Retrieved 2007-08-07.
  8. ↑ "Library building authority approved". HometownLife.com. 2007-08-16. Retrieved 2007-08-22.
  9. ↑ Marshall, Carroll (2007-10-18). "Fountain Walk redevelopment steps forward with $50M loan". Mlive.com. Retrieved 2007-11-13.
  10. ↑ Jackett, Chris (2008-04-03). "Fountain Walk developments moving smoothly". HometownLife.com. Retrieved 2008-06-01.
  11. ↑ http://novi.patch.com/articles/sears-outlet-to-open-in-fountain-walk

External links