The former Summit Place Mall in Waterford Township is slated for demolition in the beginning of April to make space for the Oakland County Business Center.
Located at 327 N. Telegraph (near Elizabeth Lake Road), the space will offer up to 1 million square feet, and the mall was 1.5 million square feet. Incentives for the property will include 10-year tax abatements and opportunity zone status.
The center is being developed by ARi-EI Enterprises Inc., and JLL will serve as the leasing team.
“The beauty of OCBC is the flexibility,” says Larry Emmons, one of the managing directors of the new development with JLL. “There is ample room for build-to-suit sites for businesses in need of research and development, corporate offices, warehouses, or flex-type space. Companies moving in have the opportunity to customize sites and buildings in a location where development-ready infrastructure is in place.”
The site is about 100 acres and located in the center of Oakland County.
“OCBC offers one of the largest development-ready parcels in the region,” says A.J. Weiner, a JLL managing director. “The property is zoned for a wide variety of potential uses – commercial, industrial, high-tech, retail, lodging, and office – providing future occupiers the opportunity to create their own, newly constructed, unique business environment at the OCBC.”
More information is available here.