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Southfield sells Northland mall property for $11 1M
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Northland mall redevelopment gets subsidies, demolition to start soon
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| Crain s Detroit Business | Northland Center development nets $26 million in brownfield incentives
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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.