Southfield's Northland Shopping Center, which opened in 1954 at the forefront of a national trend of suburban shopping mall development, is on the verge of closure.
The Detroit News is reporting that Northland's owners told Oakland County Circuit Judge Wendy Potts that "the mall is bleeding nearly a quarter million dollars a month." Judge Potts approved the owner's requests to evict the remaining 70 tenant businesses within 30 days, saying, "The benefits it has to all — its tenants, owners and the community — are outweighed by the losses."
The mall is currently operating at a $5 million budget shortfall. Changes in shopping patterns and the rise of e-commerce are blamed for the mall's demise.
Questions remain about how the city of Southfield will cope with the closing of this massive retail landmark. Metromode will follow future developments in this story.
Read more in the
Detroit News.
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