Framework Summary July 2018 - DRAFT Information Found in This Dcoument Can Be Provided in an Alternative Format Upon Request
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888 West Big Beaver, Troy Retail Package.Indd
TROY CITY CENTER WEST BIG BEAVER 888888 TROY, MICHIGAN PROPERTY FEATURES 300,000 SF 1840 272 Luxury 55,000 SF Offi ce Parking Spaces Apartments Retail AREA FEATURES SOMERSET COLLECTION $100,000 25 Million SF + 1 Mile from Troy City Center Average Household Income Offi ce Space on + 180 Specialty Stores 1,3 & 5 Miles Big Beaver Corridor + 1,450,000 SF Retail + Sales $1,000 SF 1,400 Big Beaver + Luxury Shopping & Dining Destination Hotel Rooms In Dining Corridor Travel Area + The Capital Grille ANCHOR STORES + Fogo De Chao Neiman + Morton’s Marcus + Ruth’s Chris Gucci 117,000 + Yard House (Coming Soon) Nordstom Daytime workers + J Alexander’s Saks Fifth in 3 Miles Avenue + Eddie V’s Macy’s + Shake Shack + Season’s 52 (Coming Soon) Louis Vuitton Burberry Tiffany & Co. PAGE 2 TROY CITY CENTER, TROY, MICHIGAN AERIAL MAP MAJOR RETAILERS LANDMARKS SIGNATURE RESTAURANTS MAJOR OFFICE BUILDINGS MAJOR OFFICE BUILDINGS (Continued) HOTELS 1 Nordstrom 1 Somerset Collection North 1 J. Alexander’s 1 Sheffi eld Offi ce Park IV (249,565 SF) 17 City Center (297,530 SF) 1 Somerset Inn (250 Rooms) 2 Saks Fifth Avenue 2 Somerset Collection South 2 BRIO Tuscan Grille 2 Sheffi eld Offi ce Park III (153,377 SF) 18 Huntington Bank (166,000 SF) 2 Hilton Garden Inn (114 Rooms) 3 Neiman Marcus 3 Troy Community Center 3 P.F. Changs 3 Sheffi eld Offi ce Park II (110,140 SF) 19 PNC Center (535,000 SF) 3 Hampton Inn & Suites (122 Rooms) 4 Macy’s 4 Children’s Hospital 4 The Capital Grille 4 Sheffi eld Offi ce Park I (149,134 SF) 20 Woodcrest Offi c Park (119,000 SF) 4 Candlewood -
LARGEST RETAIL Centersranked by Gross Leasable Area
CRAIN'S LIST: LARGEST RETAIL CENTERS Ranked by gross leasable area Shopping center name Leasing agent Address Gross leasable area Company Number of Rank Phone; website Top executive(s) (square footage) Center type Phone stores Anchors Lakeside Mall Ed Kubes 1,550,450 Super-regional Rob Michaels 180 Macy's, Macy's Men & Home, Sears, JCPenney, Lord 14000 Lakeside Circle, Sterling Heights 48313 general manager General Growth Properties Inc. & Taylor 1. (586) 247-1590; www.shop-lakesidemall.com (312) 960-5270 Twelve Oaks Mall Daniel Jones 1,513,000 Super-regional Margaux Levy-Keusch 200 Nordstrom, Macy's, Lord & Taylor, JCPenney, Sears 27500 Novi Road, Novi 48377 general manager The Taubman Co. 2. (248) 348-9400; www.shoptwelveoaks.com (248) 258-6800 Oakland Mall Peter Light 1,500,000 Super-regional Jennifer Jones 127 Macy's, Sears, JCPenney 412 W. 14 Mile Road, Troy 48083 general manager Urban Retail Properties LLC 3. (248) 585-6000; www.oaklandmall.com (248) 585-4114 Northland Center Brent Reetz 1,464,434 Super-regional Amanda Royalty 122 Macy's, Target 21500 Northwestern Hwy., Southfield 48075 general manager AAC Realty 4. (248) 569-6272; www.shopatnorthland.com (317) 590-7913 Somerset Collection John Myszak 1,440,000 Super-regional The Forbes Co. 180 Macy's, Neiman Marcus, Nordstrom, Saks Fifth 2800 W. Big Beaver Road, Troy 48084 general manager (248) 827-4600 Avenue 5. (248) 643-6360; www.thesomersetcollection.com Eastland Center Brent Reetz 1,393,222 Super-regional Casey Conley 105 Target, Macy's, Lowe's, Burlington Coat Factory, 18000 Vernier Road, Harper Woods 48225 general manager (313) 371-1500 K & G Fashions 6. -
Demographic Analysis
Appendix 1.1 Waterford Regional Destination Recommended Indoor Amenities Facilities Sq. Ft. Phase I - Waterford Township PDA Driving Range; Golf Simulator 40,000 Basketball, Volleyball Courts 40,000 Tennis, Handball, Racquet Ball Courts 15,000 Community Ice Arena (relocation) 15,000 Amusement Arcade, Go-Karts 15,000 Conference Space; Banquet Hall 15,000 Fitness and Weight Training Facility 10,000 Indoor Race / Running Track 5,000 Rock Wall Climbing / Training Facility 5,000 Modern Skate Park 5,000 Subtotal 165,000 Phase II - Waterford Township PDA Sports Arena - Two Sheets, Flat Surface Arena 40,000 Olympic Size Swimming Pool 15,000 Subtotal 55,000 Total Project Build-Out 220,000 Recommended Outdoor Amenities Tennis Courts nc Bike and Fitness Path nc Baseball / Softball Park nc Bandstand, Festival Market nc nc indicates not comparable. The square footage totals exclude ballfields, parks, boulevards, pavilions, bandstands, paths, and other green space. Appendix 1.2 Recommended Retail Mix Waterford Township Planned Destination Area Replace Lost Retailers, Like… Sq. Ft. Recruit Family Fitness, Like… Sq. Ft. Recruit New Eateries, Like… Sq. Ft. Bath and Body Works (closed) 2,000 Fitness USA 15,000 Boston Market 1,000 Coffee Beanery (closed) 1,000 Powerhouse Gym 15,000 Buffalo Wild Wings 3,500 DOC Eyeworld (closed) 2,000 Subtotal 30,000 Culver's 3,500 Radio Shack (closed) 2,000 Famous Dave's 3,500 Suncoast Motion Picture Co. (closed) 2,000 Recruit Craft Stores, Like… Sq. Ft. Jimmy John's 2,000 Sunglass Hut (closed) 1,000 Michael's Crafts 25,000 Knock Out Bar & Grill 3,000 Subtotal 10,000 Party City 10,000 Longhorn Steakhouse 3,500 JoAnn Fabric 10,000 Max & Erma's 3,500 Retain Existing Anchors, Like… Sq. -
PDA Market Strategy
July 25, 2007 Charter Township of Waterford A Market Strategy for Development of a Planned Destination Area Final Report Submitted To: The Charter Township of Waterford Economic Development Corporation 5200 Civic Center Drive Waterford, Michigan 48329 Prepared by: Sharon M. Vokes, Principal Anderson Economic Group, LLC In Collaboration with: Harley Ellis Devereaux and JJR Anderson Economic Group LLC • http://www.AndersonEconomicGroup.com 1555 Watertower Place, Suite 100 • East Lansing, MI 48823 • Tel: (517) 333-6984 • Fax: (517) 333-7058 East Lansing | Chicago | Dallas | Oklahoma City Waterford Township - Planned Destination Area Final Report Table of Contents 1.0 EXECUTIVE SUMMARY 1 2.0 THE SHOPPING AREA - A BRIEF HISTORY 6 3.0 PROJECT PARAMETERS 10 4.0 A REGIONAL DESTINATION 18 5.0 SPORTS COMPARABLES 22 6.0 MUSIC VENUES 31 7.0 RETAIL ANALYSIS 33 8.0 RETAIL COMPARABLES 36 9.0 RESIDENTIAL ANALYSIS 44 Anderson Economic Group, LLC 0 Waterford Township - Planned Destination Area Final Report 1.0 EXECUTIVE SUMMARY 1.1 Introduction We appreciate this opportunity to contribute to this important project for Waterford Township, and are hopeful that its property owners and other Community Stakeholders are able to share your vision for a mixed-use project that creates a regional destination and refuels economic growth. If this project is planned, designed, implemented and developed carefully, then it has high potential for success, and will enhance the quality of life for your residents, working families and visitors. This document reports our preliminary findings regarding the economic feasibility of redeveloping Waterford Township’s Planned Destination Area (PDA). In short, our findings are favorable for the project, with the following summary of recommenda- tions: 1. -
Gratiot Avenue
BEST: Gratiot Avenue Tech Memo #2 – Transportation 8/28/2015 Parsons Brinckerhoff BEST: Gratiot Avenue Tech Memo 2 - Transportation | 2 Table of Contents 1 INTRODUCTION .................................................................................................................................... 3 2 EXISTING (2015) TRANSPORTATION CONDITIONS ......................................................................... 4 2.1 TRANSPORTATION PATTERNS ............................................................................................................ 4 2.2 PUBLIC TRANSIT ............................................................................................................................... 9 2.2.1 Detroit Department of Transportation (DDOT) ..................................................................... 9 2.2.2 Suburban Mobility Authority for Regional Transportation (SMART) ................................... 11 2.2.3 Detroit Transportation Corporation ..................................................................................... 15 2.2.4 M-1 Rail .............................................................................................................................. 15 2.2.5 Transit Windsor ................................................................................................................... 15 2.2.6 Intercity Rail and Bus Services ........................................................................................... 15 2.2.7 Shuttle Services ................................................................................................................. -
TAPPER's DIAMONDS & FINE JEWELRY 22Nd ANNUAL COAT
Contact: Kathleen Kennedy Ferris Kennedy Ferris Communications 313.418.4898 [email protected] TAPPER’S DIAMONDS & FINE JEWELRY 22nd ANNUAL COAT DRIVE WILL TAKE PLACE NOW THROUGH NOV. 18 Collection Bins for Warm Winter Items Staged at Tapper’s, Marlee’s, Tapper’s Gold Exchange and Morgan Stanley Locations Throughout Metro Area – New Online Component Will Help Collect Cash for New Coats WEST BLOOMFIELD, MI (October 16, 2013) – Chilly fall days and cold evenings have arrived in southeastern Michigan. For those who are challenged to meet basic needs, a winter coat is an unaffordable luxury. Tapper’s Diamonds & Fine Jewelry seeks to help local residents stay warm this winter by hosting its 22nd annual Coat Drive now through Nov. 18. Tapper’s, in affiliation with Morgan Stanley, will accept gently used or new coats, hats, mittens and blankets, as well as, cash donations for new coats at locations throughout the metro area. “We’re excited to team up with Morgan Stanley this year and together expect to provide more than 2,500 coats for those in need,” says Steven Tapper, custom designer and vice president of Tapper’s Diamonds & Fine Jewelry. “The gift of warmth and comfort has more meaning and value than we can imagine. We urge everyone to join us in this community effort that will change lives.” Tapper’s will also collect funds online at http://www.gofundme.com/tapperscoatdrive. Cash donations raised here and at all Tapper’s, Marlee’s, Tapper’s Gold Exchange and Morgan Stanley locations will go toward the purchase of brand-new coats. -
IN the UNITED STATES BANKRUPTCY COURT for the DISTRICT of DELAWARE ------X : in Re: : Chapter 11 : FRANCESCA’S HOLDINGS CORPORATION, : Case No
Case 20-13076-BLS Doc 472 Filed 02/17/21 Page 1 of 5 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ------------------------------------------------------------ x : In re: : Chapter 11 : FRANCESCA’S HOLDINGS CORPORATION, : Case No. 20-13076 (BLS) et al.,1 : : Jointly Administered Debtors. : : Re: D.I. 404 ------------------------------------------------------------ x ORDER (I) AUTHORIZING DEBTORS TO (A) REJECT CERTAIN UNEXPIRED LEASES OF NONRESIDENTIAL REAL PROPERTY, (B) ABANDON DE MINIMIS PERSONAL PROPERTY IN CONNECTION THEREWITH, AND (II) GRANTING RELATED RELIEF Pursuant to and in accordance with the Order (I) Approving (A) Procedures for Rejecting Unexpired Leases of Nonresidential Real Property, (B) Abandonment of De Minimis Personal Property in Connection Therewith, and (II) Granting Related Relief [D.I. 255] (the “Lease Rejection Procedures Order”)2 entered in the above-captioned chapter 11 cases; and the Debtors having property filed with this Court and served on the Notice Parties a notice [D.I. 404] (the “Rejection Notice”) of their intent to reject certain unexpired leases specified on Annex A hereto (the “Specified Leases”) in accordance with the terms of the Lease Rejection Procedures Order; and such notice having been adequate and appropriate under the circumstances; and it appearing that no other or further notice need be provided; and no timely objections having been filed to the Rejection Notice; and the Court having found that the relief requested is in the 1 The Debtors in these cases, along with the last four digits of each Debtor’s federal tax identification number, are Francesca’s Holdings Corporation (4704), Francesca’s LLC (2500), Francesca’s Collections, Inc. -
Southeast Corner of 14 Mile Road & Crooks Road Clawson
Southeast Corner of 14 Mile Road & Crooks Road Clawson (Detroit MSA), MI INVESTMENT HIGHLIGHTS SUBJECT OFFERING id-America Real Estate Corporation, in cooperation with Mid-America MReal Estate – Michigan, Inc. has been retained on behalf of the owner to sell the 100% fee simple interest in Clawson Center in Clawson, Michigan. Location: SEC 14 Mile Road & Crooks Road Clawson, Oakland County, MI Traffic Counts: 14 Mile Road (27,842 VPD) Crooks Road (23,420 VPD) Subject GLA: 130,328 Square Feet Lot Size: 13.47 Acres Anchors: Aldi, Staples, Dollar Tree, Rite Aid, O’Reilly Auto Parts, Burn Fitness, Billings Lawn Equipment Occupancy: 100% KEY FEATURES RECENT LEASING VELOCITY AND STABLE INCOME STREAM – The center is anchored by Aldi, Staples, Dollar Tree, Rite Aid, and O’Reilly Auto Parts, which have a combined remaining weighted average lease term of almost 6 years, granting investors a stable income stream for the years to come. Since 2016, the center has experienced strong leasing velocity adding Billings Lawn Equipment, CosmoProf, My Salon Suite, Joe’s Army Navy Surplus, and Motor City Float to its tenant roster, as well as the recent renewals of Staples, J DeVone’s Hair Today, and H&R Block. Additionally, ownership is working on an early 6-year extension with Aldi, to bring its term through 2034. In correspondence with this early renewal, a substantial renovation project is planned, all paid for by tenant. STRONG SURROUNDING DEMOGRAPHICS – Clawson Center caters to an affluent and densely populated residential market, and a robust daytime office population, which provide a strong base for sales. -
FY 2018-2019 Budget and Financial Plan
i This page intentionally left blank. ii The Governmental Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to the City of Novi, Michigan for its annual budget for the fiscal year beginning July 1, 2017. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as policy document, as an operations guide, as a final plan, and as a communication device. The award is valid for a period of one year only. We believe our current budget continues to conform to program requirements, and we are submitting it to the GFOA to determine its eligibility for another award. iii This page intentionally left blank. iv TABLE OF CONTENTS Introduction ICMA: Code of Ethics 1 ICMA: Declaration of Ideals 3 City of Novi Leadership Philosophy 5 NOVI Diagram 7 Citizen’s Guide to the Budget 9 City Manager Budget Message Budget Message 11 Budget Overview City Council Goals 13 Revenue Trends 15 Expenditure Trends 22 Financial Structure, Policy, and Process Organizational Chart 25 Fund Structure 26 Significant Budget and Accounting Policies 27 Financial Policies 30 Budget Policies and Procedures 37 Budget Process 39 Budget Amendment Process 41 Budget Calendar 42 Financial Summaries Long Range Financial Plan 45 Consolidated Financial Schedule 48 General Fund 50 Special Revenue Funds 58 202 Major Street Fund 58 203 Local Street Fund 59 204 Municipal Street Fund 60 205 Public Safety Fund 61 208 Parks, Recreation, and Cultural Services Fund 62 209 -
LARGEST RETAIL Centersranked by Gross Leasable Area
CRAIN'S LIST: LARGEST RETAIL CENTERS Ranked by gross leasable area Shopping center name Leasing agent Address Gross leasable area Company Number of Rank Phone; website Top executive(s) (square footage) Center type Phone stores Anchors Twelve Oaks Mall Daniel Jones 1,515,000 Super-regional Joe Maiorana 200 Nordstrom, Macy's, Lord & Taylor, J.C. Penney, Sears 27500 Novi Road, Novi 48377 general manager The Taubman Co. 1. (248) 348-9400; www.shoptwelveoaks.com (248) 258-6800 Lakeside Mall Ed Kubes 1,506,000 Super-regional Niki Cordell 180 Macy's, Macy's Men & Home, Sears, J.C. Penney, Lord & 14000 Lakeside Circle, Sterling Heights 48313 general manager General Growth Properties Inc. Taylor 2. (586) 247-1590; www.shop-lakesidemall.com (312) 960-5270 Oakland Mall Peter Light 1,500,000 Super-regional Jennifer Jones 128 Macy's, Sears, J.C. Penney 412 W. 14 Mile Road, Troy 48083 general manager Urban Retail Properties LLC 3. (248) 585-6000; www.oaklandmall.com (248) 585-4114 Northland Center Casey Conley 1,449,719 Super-regional Amanda Royalty 102 Macy's, Target 21500 Northwestern Hwy., Southfield 48075 assistant general manager AAC Realty 4. (248) 569-6272; www.shopatnorthland.com (317) 590-7913 Somerset Collection John Myszak 1,440,000 Super-regional The Forbes Co. 180 Macy's, Neiman Marcus, Nordstrom, Saks Fifth Avenue 2800 W. Big Beaver Road, Troy 48084 general manager (248) 827-4600 5. (248) 643-6360; www.thesomersetcollection.com Eastland Center Brent Reetz 1,393,222 Super-regional Casey Conley 101 Target, Macy's, Lowe's, Burlington Coat Factory, K&G 18000 Vernier Road, Harper Woods 48225 general manager Ashkenazy Acquisition Corp. -
Store Listing
APPENDIX C STORE LISTING All shipments must be shipped to the Dry Goods Distribution Center at with the specific store number indicated on the Shipping Label, Carton, and Packing Slip. Do not ship directly to the store. DRY GOODS - Distribution Center 6565 Brady Street Davenport, IA 52806 Store # Initials Store Name/Location Store # Initials Store Name/Location 1001 FXVY Fox Valley/Aurora, IL 1040* SLIN Southlake Mall/Merrilville, IN 1002 WFLD Woodfield Mall/Schaumburg, IL 1041* PCMI Partridge Creek/Clinton Township, MI 1003 WSTN West Towne/Madison, WI 1042* DPIL Deer Park Town Center/Deer Park, IL 1004 MYFR Mayfair Mall/Milwaukee, WI 1043* OPKS Oak Park Mall/Overland Park, KS 1005 TWOK Twelve Oaks Mall/Detroit, MI 1044* EWMI Eastwood Towne Center/Lansing, MI 1006 RSDL Rosedale Mall/Roseville, MN 1045* NLNC Northlake Mall/Charlotte, NC 1007 ORSQ Orland Square/Orland Park, IL 1046* LJIL Louis Joliet Mall/Joliet, IL 1008 JDCR Jordan Creek Mall/West Des Moines, IA 1047** SPOH SouthPark Mall/Strongsville, OH 1009 STDL Southdale Center/Edina, MN 1048** BPOH Beachwood Place/Beachwood, OH 1010 CRIA Coralridge Mall/Coralville, IA 1049** CVNC Crabtree Valley Mall/Raleigh, NC 1011 HWIL Westfield Hawthorn/Vernon Hills, IL 1050** CSTN CoolSprings Galleria/Franklin, TN 1012 APMN Apache Mall/Rochester, MN 1051** GHTN Mall at Green Hills/Nashville, TN 1013 FMIN Fashion Mall/Indianapolis, IN 1052** FPOH Franklin Park Mall/Toledo, OH 1014 CRMN Crossroads Center/St. Cloud, MN 1053** GWNE Gateway Mall/Lincoln, NE 1015 RDMN Ridgedale Center/Minnetonka, MN -
City Council Agenda
CITY of NOVI CITY COUNCIL Agenda Item 2 January 21, 2014 SUBJECT: Approval of Resolution for Adoption of the 2014 City of Novi Economic Development Goals & Strategies; and Review of 2013 Economic Development Goals & Strategies SUBMITTING DEPARTMENT: Neighborhood and Business Relations CITY MANAGER APPROVAL: /4 BACKGROUND INFORMATIO · The attached 2014 Economic Development Goals and Strategies and 2013 Economic Development Goals and Strategies Report are for City Council approval and adoption. Overall, 2013 was a solid year of business growth for Novi. The city continues to be a dynamic host for retail and dining experiences. Twelve Oaks Mall, West Oaks I & II, Twelve Mile Crossing at Fountain Walk, Town Center and Main Street all had new businesses opening in their respective centers. Twelve Oaks Mall received a rush of consumer traffic and media coverage as the first Michigan location of The Cheesecake Factory opened in the center. Town Center occupancy is nearly full of vibrant retail for the first time in years. Not to be outdone by retail, the hospitality industry received a major boost when the Hyatt Place Novi at the Suburban Collection Showplace opened in the late summer with expanded meeting and banquet facilities. The Novi Sheraton also began renovation and expansion in 2013, ensuring that Novi remains a top destination for meetings and conventions. Maintaining quality standards while creating a business-friendly climate has attracted large companies and international businesses to the city. In addition to the growth in the number of retail businesses and restaurants, there was substantial growth in high tech and research & development firms, with more than ten new businesses opening in 2013.