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Summit Place Mall to be torn down by 2020 in Waterford Township

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Summit Place Mall has another new owner who plans to breathe life into the Waterford Township property.

Southfield-based Ari-El Enterprises reportedly purchased the abandoned mall, and plans to have the 1.4 million square-foot building torn down by the end of 2020.

The demolition will cost about 3 million dollars.

Since 2009, when the mall closed, it has been through several owners. The new plan is expected to include mixed-use development.