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The City of Southfield finalized the sale Thursday of the abandoned Northland Center mall to a private developer who plans to demolish big portions of the old shopping mall, save some of it and build new housing and commercial space.
Bloomfield Hills-based Contour Companies closed on the $11.1 million purchase agreement for the 97-acre site and the money is sitting in escrow, according to city spokesman Michael Manion. The funds are to be released to the city, and the property's title transferred to Contour, pending approval later this month of the project's development incentives.
The closing is a major step forward in Southfield's quest to find uses for the Northland property, which has sat empty since the 1.4-million-square-foot mall closed in 2015 following a long and slow decline. Southfield began acquiring parcels of the property later that year to control the mall's future.