Entreprise

Troy developers buy Auckland Mall and present a new vision

The farmer’s market, hipster art, and the emphasis on value to meet the needs of the Metro Detroit family are some of the elements of the vision outlined on Monday by the new owners of Auckland Mall.

Troy-based MKiezi Investments LLC was founded in 2013 by developer Mario Kiegi, 31, and acquired the 1.5 million square foot Troy Shopping Center, which opened in 1968 from CenterCalProperties LLC in California, at a private price. “People’s Mall” — A “non-elite” space in the heart of Metro Detroit, servicing the next generation of families to separate it from the nearby Somerset Collection.

“This is one of the sleepiest places to wake up in Metro Detroit. We want to be a community where we can shop, have fun and eat. We live in a world where people can experience. I want to see and experience things in real life. “

Unlike other Metro Detroit malls, Auckland Mall has successfully survived the COVID-19 pandemic. With 90% occupancy in anchors such as Macy’s, JC Penny, Dick’s sporting goods, and at home, Hobby Lobby will open later this year. The former Sears store that Kiegi bought and redeveloped for $ 15 million last year. The Longhorn Steak House will replace the former Logan’s Roadhouse on the southeast corner of the property.

Rendering from GH + A Design-Detroit rethinks the entrance to Auckland Mall.

For the mall, Keech’s team maintained the GH + A design studio in Detroit and reconsidered it as a destination. He didn’t share the redevelopment budget, but the idea under consideration is about placemaking, including the use of outdoor space.

The “brick and click” concept supports physical and online shopping needs. Restaurants and chefs can rent 20-30 takeaway and delivery “ghost kitchens” 225-400 square feet in size at 10% the cost of a regular lease. Although the name of the current big brand, he emphasizes that the mall will be a place for local and national “manufacturers” and small businesses. Slime experiences and other entertainment can also be a cool place for kids and families.

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