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Originally Posted On: https://www.macombcountyofficespace.com/lakeside-town-center-sterling-heights/

 

The Lakeside Town Center is set to be the largest single investment in Sterling Heights’ history.

This ambitious project, led by Miami-based real estate development and capital investment firm Lionheart Capital, aims to transform the 110-acre site of the Lakeside Mall into a vibrant, mixed-use city center.

The redevelopment is projected to positively impact the region by $1 billion over the next decade.

The new Lakeside Town Center will feature residences, parks, a hotel, office spaces, retail outlets, and dining options.

It will also include over 2,800 multi-family apartments, 750 dedicated to senior housing, nearly 150,000 square feet of retail and dining space, 60,000 square feet of office space, and a 120-room hotel.

The developer also plans to donate approximately 30 acres to the public realm for a park system, streetscape, and infrastructure.

A Rich History and a Bright Future

Lakeside Mall, once a prime example of the enclosed suburban mall culture, has seen its viability decline due to changing consumer habits and the organic growth of the surrounding city of Sterling Heights. However, the site is poised for a remarkable transformation with the Lakeside Town Center project.

Lakeside Mall was one of the largest malls in Michigan, boasting more than 1.5 million square feet of space. Its location at the intersection of Hall Road and Schoenherr Road made it a central hub for the community. The redevelopment project aims to economically reinvigorate this area, creating thousands of new jobs and providing a range of housing options for all demographics.

A Game-Changing Mixed-Use Lifestyle Community

The heart of the new Lakeside Town Center project will be a vibrant City Center filled with shops, offices, a hotel, coffee houses, and restaurants. A large central park will provide a flexible space for music, art, and events, with restaurants that spill out onto comfortable outdoor seating areas. A signature two-story community center will frame the park, offering recreational facilities such as , fitness facilities, pools, lending libraries, overlook event spaces, outdoor living rooms, and bike garages.

A Commitment to Community and Sustainability

The Lakeside Town Center project is not only about economic growth; it’s also about community and sustainability. The developer plans to donate approximately 30 acres to the public areas for a park system, streetscape, and infrastructure. This commitment to the public realm demonstrates a dedication to creating sustainable, community-focused development.

Surrounding the dynamic town center will be a one-and-a-half-mile-long encircling parkway, providing an array of experiences that promote active lifestyles, wellness, and enhanced mobility. This “Lyrical Loop” aims to provide community green spaces within easy walking distance for any resident, regardless of location.

Full Support from the City of Sterling Heights

The Lakeside Town Center project fully supports the Sterling Heights City Council and City Manager Mark Vanderpool. The infrastructure required for the project, including roads, sidewalks, and new water & sewer mains, will be funded through new property tax revenue generated by the new development. As such, the project is financially self-sustaining.

Currently Available Office Space For Lease

The good news is that an existing Office Building in the proposed Lakeside Town Center project has Office Space For Lease today… no need for you to wait years to take advantage of the expected economic boom in the area.

So, if you are looking to Lease Office Space in Sterling Heights, please contact us by email or call us at (586) 262-6270 , and we’ll be happy to help you find the perfect office space for you and your business.

FAQs for Lakeside Mall Redevelopment

Q: What is the Lakeside Town Center project?

A: The Lakeside Town Center project is a redevelopment of the former Lakeside Mall site into a mixed-use city center. The project is led by Lionheart Capital and is set to be the most significant single investment in Sterling Heights’ history.

Q: What will the Lakeside Town Center include?

A: The Lakeside Town Center will feature residences, parks, a hotel, office spaces, retail outlets, and dining options. It will also include over 2,800 multi-family apartments, 750 dedicated to senior housing, nearly 150,000 square feet of retail and dining space, 60,000 square feet of office space, and a 120-room hotel.

Q: Who is behind the Lakeside Town Center project?

A: The Lakeside Town Center project is led by Lionheart Capital, a Miami-based real estate development and capital investment firm. The firm’s retail subsidiary, Out of the Box Ventures, purchased Lakeside Mall in 2019 and has been working with the city of Sterling Heights on the redevelopment plans.

Q: How will the Lakeside Town Center project impact the local economy?

A: The Lakeside Town Center project is projected to positively impact the region by $1 billion over the next decade. It will create thousands of new jobs and provide a wide range of market-rate housing options for all demographics.

Q: What is the timeline for the Lakeside Town Center project?

A: The Lakeside Town Center project was announced in Fall 2022. The timeline for completion has yet to be specified. Still, the city administration will communicate project stages and updates to residents at every step.

Q: How will the Lakeside Town Center project be funded?

A: The infrastructure required for the Lakeside Town Center project, including roads, sidewalks, and new water & sewer mains, will be funded through new property tax revenue generated by the new development. As such, the project is financially self-sustaining.

Q: What is the “Lyrical Loop”?

A: The “Lyrical Loop” is a one-and-a-half-mile-long encircling parkway surrounding the Lakeside Town Center. It aims to provide community green spaces within easy walking distance for any resident, regardless of location. It is part of the project’s commitment to promoting active lifestyles, wellness, and enhanced mobility.

Lease Office Space in the Lakeside Town Center

If you are looking to Lease Office Space in Sterling Heights in the heart of the proposed Lakeside Town Center, please contact us by email or call us at (586) 262-6270 , and we’ll be happy to help you find the perfect office space for you and your business.