Galloway and Collens, PLLC
248-397-5507
248-397-5507

Arbor Hills to become newest shopping district in Ann Arbor

Back in 2006, the Ann Arbor City Council approved a plan for an ambitious 138,000-square-foot retail and residential project called The Shops at Arlington. The project was to replace vacant commercial buildings and a former car dealership in an attempt to redevelop a growing area. But when the economy tanked, the project fell apart and the property needed to be sold.

Where some people saw an eyesore-just a collection of empty buildings-developer Tom Stegeman of Ann Arbor's Campus Realty saw an opportunity to change the appearance of Washtenaw Avenue. So in 2010, Stegeman partnered with Max Reiswerg from North Shore Properties Group and bought the commercial property for $3 million. The two later proposed the idea for Arbor Hills.

The new plan was going to be vastly different than the previous project. Arbor Hills was going to be smaller-a more manageable 90,700 square feet-featuring shops reminiscent of the upscale Somerset Collection in Troy. Since the project first broke ground in 2012, the four-building shopping center has quickly taken shape and developers think that tenants may be able to take over spaces as soon as the end of this month. Ultimately, the center's grand opening will be on Aug. 22 though.

It may seem risky to purchase a commercial real estate property on the tail end of a recession-some people may even call it crazy-but for Stegeman, who grew up in Ann Arbor, this was a necessary project. Ann Arbor has been pushing for a more upscale feel in past decades; this new project will hopefully reflect that push even more.

Source: annarbor.com, "Arbor Hills shopping center poised to alter Ann Arbor's retail landscape," Lizzy Alfs, April 14, 2013

No Comments

Leave a comment
Comment Information
  • dbusiness - 2016 Top Lawyers
  • dbusiness - Top Lawyers
  • Lead Counsel Rated Attorney
  • Senior & Caregiver
  • American Appartment Owners Association - Member since 2015
  • Same Address
  • ICLE Contributor
Email Us For A Response

Contact Our Metro Detroit Attorneys

Our law firm is ready to help. Contact the real estate and estate planning attorneys at Galloway and Collens, PLLC, by calling 248-397-5507.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

26075 Woodward Avenue Suite 200 Huntington Woods, MI 48070-1341 Toll Free: 888-349-0309 Phone: 248-397-5507 Fax: 248-545-2520 Huntington Woods Law Office Map