New $100 million retail center planned for metro Detroit
5:46 AM, Apr 17, 2018
6:25 PM, Apr 17, 2018
COMMERCE TOWNSHIP, Mich. (WXYZ) - Commerce Township leaders approved a plan last week for a $100 million retail and entertainment district.
"Five & Main", a 350,000-square-foot center, would be located on the corner of Pontiac Trail and M-5 east of Martin Parkway. It would be the first major retail center in the area since Partridge Creek opening in Macomb County in 2007.
According to a plan, "Five & Main," designed by Robert B. Aikens and Associates, would have more than 78,000 square feet of entertainment, 82,000 square feet of restaurants, 30,000 square feet of specialty food and beverage, 92,000 square feet of fashion, and 36,000 square feet each for wellness & beauty and home. There will be more than 1,600 parking spaces.
Commerce Township Supervisor David Scott calls it, “A very much eclectic multi-use.”
Scott said,“This would be the opportunity to create a downtown setting.”
“Fifty-five, 60% of this is going to be entertainment, dining, destination to create a place for people to come.”
There will also be luxury apartments.
“Young hipster, educated professional to include those secure seniors. They don’t need a five bedroom home any longer.”
If you are worried about more cars in and out of this area, Scott cites a traffic study.
“This project, surprisingly, creates no traffic problems that didn’t already exist.”
According to Crain's Detroit Business, Aikens is in talks to bring a movie theater and gourmet market as anchor retailers, with hopes to get 60-70 percent of the space leased to secure financing for the project.