Lormax Stern in the News
Big R store to fill void left by Target at Bay City’s mall
Owners of the Bay City Town Center have found a new tenant to take over the vacant space once occupied by a Target store. A chain called Big R will open its first Michigan store at the mall in the first quarter of 2019, adding to 22 other Big R locations now in...
Big R to open first Michigan store in Bay City
A big retailer is coming to Mid-Michigan. Lormax Stern Development Company, co-owner and manager of Bay City Town Center has finalized the sale of the former Target building to Big R Stores. The 101,909-square-foot building will join JCPenney, PetSmart, Dunham’s,...
Officials to hold ribbon-cutting ceremony at Carson’s
A ribbon-cutting ceremony will be held for the new Carson’s on the former site of The Plaza in Evergreen Park on Sept. 14 at 7:45 a.m., according to officials, who have also released details about other developments in the new Evergreen Park Open-Air Power Center....
New Carson’s expected to open next month in Evergreen Park
Even as demolition of The Plaza nears completion in Evergreen Park, the new Evergreen Marketplace will begin to take its place with the expected opening next month of a new Carson’s store. The new store is scheduled to open Sept. 14 on 98th Street near Western Avenue,...
TJ Maxx Joins Thriving Green Oak Mall
Sean Valentino is either a lucky guy or a talented mall director. If the continued growth of the Green Oak Village Place shopping mall is any indication, he is definitely a talented mall director. The outdoor shopping mall he has directed for the past two years is...
With Pizza Cooked in 3 Minutes, Blaze to open at Frandor
LANSING – The newest pizza chain coming to Lansing can have an 11-inch pie ready in three minutes, thanks to an 800-degree oven. Blaze Pizza is slated to open in the Frandor Shopping Center by the end of June in the former site of Video To Go. “It’s like the Chipotle...
Lormax Stern buys Gregory Boat and Marina in Detroit
Gregory Boat Co. and Gregory Marina, family-owned Detroit companies that hail back to 1906, have been sold to Bloomfield Hills-based development firm Lormax Stern. With the purchase, the companies’ names will change. Gregory Boat Co., on East Jefferson Avenue across...
Macomb Mall’s new owner installs upgrades that change building’s outlook
The original Macomb Mall tower sign on a Gratiot corner may remind Metro Detroit of the 1960s and the suburban shopping center construction that pulled generations of consumers from traditional downtowns into single buildings anchored by Sears, Crowley and SS Kresge....
More than $2 million investment planned at Brighton retail center to ready space for T.J. Maxx
A more than $2 million investment is planned at the Green Oak Village Place retail center in Brighton to prepare space for T.J. Maxx as a new anchor tenant. Redico LLC and Lormax Stern Development, owners of Green Oak Village Place, plan a 7,000-square-foot expansion...
Maurice’s coming to Green Oak mall
Green Oak Village Place announced the addition of a 4,716-square-foot Maurices to the tenant mix this spring. Sean Valentino, director of retail operations at REDICO, the property manager at Green Oak Village Place, made the announcement. Maurices is a prominent...
Demolition permit issued for Macomb Mall theater
The 50-year-old former movie theater at Macomb Mall in Roseville has taken another step closer to being torn down. Roseville city officials recently approved a demolition permit to Selective Construction Corp. in Southfield to take down the 50,000-square-foot space...
How one Meijer is changing Detroit
Meijer opened its second store in Detroit less than a year ago, bringing its supercenter concept to a northwest neighborhood that fights to keep up its housing and lost many battles with commercial blight. But the corridor of Grand River where it meets McNichols –...