SOUTHFIELD (AP) — An Oakland County judge has ruled that a court-appointed receiver can begin closing one of the country’s oldest shopping centers.
Circuit Judge Wendy Potts said Wednesday that there are few alternatives to shuttering Northland Center in Southfield.
Potts said the mall’s benefits to tenants, owners and the community “are outweighed by the losses” that are about $250,000 per month.
The mall is just north of Detroit and opened in 1954. It was enclosed in 1971 and has lost anchor stores and smaller shops in recent years.
The mall’s receiver says 30-day eviction notices soon will be sent to the 70 remaining tenants. The property then could by marketed for sale.
A lawyer for the receiver says the company that bought Northland in 2008 defaulted on a $31 million payment.
- Posted February 27, 2015
- Tweet This | Share on Facebook
Closing process to start for Northland mall
headlines Oakland County
- Annual Dinner & Meeting
- FORCE Team arrests six in prolific auto theft ring
- Michigan allocates $12 million to support community-based organizations in advancing environmental and climate justice
- Oakland County and SMART launch pilot program providing free transit for veterans and dependents
- Supreme Court sides with the Consumer Financial Protection Bureau
headlines National
- More lawyers—and clients—want to learn about sustainable development practices
- Top artificial intelligence insurance tips for lawyers
- Lawyer charged with illegally transmitting Michigan data after 2020 election
- Viral video shows former Rikers Island inmate as she learns she passed bar exam on first try
- How Sullivan & Cromwell is scrutinizing potential new hires after campus protests
- No separate hearing required when police seize cars loaned to drivers accused of drug crimes, SCOTUS rules