Laurel Park Place
Encyclopedia
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 store
s. 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. It is located near the intersection of I-275 and 6 Mile Rd.
. The mall opened in 1989, featuring a Marriott hotel, an office tower, with Ann Arbor, Michigan
-based Jacobson's as its anchor store. This store was the largest Jacobson's in the chain.
Parisian opened its first Michigan location at the mall in 1994. 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
. CBL & Associates Properties acquired a 70% joint venture
interest in the mall from Schostak Bros. & Co. in 2005. Schostak has since moved its headquarters into Laurel Park Place's office complex.
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. A food court
was added next to the Marriott hotel in 2008.
Shopping mall
A shopping mall, shopping centre, shopping arcade, shopping precinct or simply mall is one or more buildings forming a complex of shops representing merchandisers, with interconnecting walkways enabling visitors to easily walk from unit to unit, along with a parking area — a modern, indoor version...
located in the city of Livonia
Livonia, Michigan
Livonia is a city in the northwest part of Wayne County in the U.S. state of Michigan. Livonia is a very large suburb with an array of traditional neighborhoods connected to the metropolitan area by freeways. The population was 96,942 at the 2010 census, making it Michigan's 9th largest...
, a suburb of Detroit, Michigan
Detroit, Michigan
Detroit is the major city among the primary cultural, financial, and transportation centers in the Metro Detroit area, a region of 5.2 million people. As the seat of Wayne County, the city of Detroit is the largest city in the U.S. state of Michigan and serves as a major port on the Detroit River...
, United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. The mall, which is managed by CBL & Associates Properties, features over 70 restaurants and stores, with Parisian
Parisian (Bon-Ton)
Parisian is a specialty department store chain in Metro Detroit, operating in three suburban locations in Livonia, Rochester Hills, and Clinton Township. Bon-Ton Stores, Inc...
and Von Maur
Von Maur
Von Maur is an mid-range specialty department store chain with stores located in the Midwestern United States and newly expansion stores in the Southern United States. The chain, based in Davenport, Iowa, sells mid-priced brand-name apparel, accessories, cosmetics, gifts, jewelry and shoes. As of...
as anchor store
Anchor store
In retail, an anchor store, draw tenant, anchor tenant, or key tenant is one of the larger stores in a shopping mall, usually a department store or a major retail chain....
s. Laurel Park Place includes the Phoenix movie theaters, restaurants, a food court, the attached Livonia Marriott
Marriott International
Marriott International, Inc. is a worldwide operator and franchisor of a broad portfolio of hotels and related lodging facilities. Founded by J. Willard Marriott, the company is now led by son J.W. Marriott, Jr...
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. 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, MichiganSouthfield, Michigan
According to the United States Census Bureau, the city has a total area of , of which 0.04% is water. The main branch of the River Rouge runs through Southfield. The city is bounded to the south by Eight Mile Road, its western border is Inkster Road, and to the east it is bounded by Greenfield Road...
. The mall opened in 1989, featuring a Marriott hotel, an office tower, with Ann Arbor, Michigan
Ann Arbor, Michigan
Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County. The 2010 census places the population at 113,934, making it the sixth largest city in Michigan. The Ann Arbor Metropolitan Statistical Area had a population of 344,791 as of 2010...
-based Jacobson's as its anchor store. This store was the largest Jacobson's in the chain.
Parisian opened its first Michigan location at the mall in 1994. 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
Von Maur
Von Maur is an mid-range specialty department store chain with stores located in the Midwestern United States and newly expansion stores in the Southern United States. The chain, based in Davenport, Iowa, sells mid-priced brand-name apparel, accessories, cosmetics, gifts, jewelry and shoes. As of...
. CBL & Associates Properties acquired a 70% joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
interest in the mall from Schostak Bros. & Co. in 2005. Schostak has since moved its headquarters into Laurel Park Place's office complex.
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. A food court
Food court
A food court is generally an indoor plaza or common area within a facility that is contiguous with the counters of multiple food vendors and provides a common area for self-serve dining. Food courts may be found in shopping malls and airports, and in various regions may be a standalone development...
was added next to the Marriott hotel in 2008.