Bingham Farms-based Burton-Katzman Development Co. (www.burton-katzman.com) has signed three retail tenants for its new 325 N. Old Woodward Ave. development in downtown Birmingham.
Fleming’s Steakhouse (www.flemingssteakhouse.com) opened last week in the building, taking up 7,000 square feet of the ground-floor retail space. Bang & Olufsen (www.bang-olufsen.com), a high-end audio company, will occupy 1,500 square feet of space of the building at the corner of Willits Street and Old Woodward. Designs Unlimited (www.designsunlimitedonline.com) a high-end kitchen remodeling company, will occupy a little over 2,000 square feet of space on Willits. Bang & Olufsen and Designs Unlimited are expected to open in next couple of months. There is still 20,000 square feet of retail space still available in the building.
The $35-million mixed-use building occupies a full city block and has 184,000 square feet of space, which includes retail, office and residential space. The first floor will be used mainly for retail and restaurant space. The second and third floors are reserved for 74,000 square feet of Class A office space. The fourth floor is set aside for luxury penthouses priced between $515,000 and $5 million. So far six of the 12 penthouses have sold.
The building, located at 325 N. Old Woodward Ave., is where the old Jacobson’s used to stand.
For information, visit burton-katzman.com or call Joanne M. Fletcher at (248) 880-8897.
Source: Marlin Wroubel, senior vice president with Burton-Katzman
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