Search
 

Main Street Retail Project to Change Face of Royal Oak

ROYAL OAK, MI- $50 million, three-phase retail and residential project gets City Council site OK. Main Place Development will have retail anchored by Barnes & Noble plus 84 condos.

By Robert Carr | Updated on September 05, 2000

A three-phase residential and retail main street project has passed the site approval stage and is heading toward approval by the Royal Oak City Council.The project, called Main Place, will spread retail stores and 84 condominiums over a 2.5-acre site. Development costs are expected to be $50 million.

Two square blocks of the popular Royal Oak Main Street will be rebuilt, says Tim Blum, senior vice president of HSA Commercial Inc. of Chicago. The company is building the project as a joint venture with the Morningstar Group.

The companies will tear down a National City Bank and renovate warehouses to create the project, Blum says. Phase one will feature the construction of a five-story building, with two levels of retail anchored by a Barnes & Noble bookstore, and three levels of offices above. “The office part will stay if we can get preleasing. We’ve retained Colliers International as our office broker. We have interested parties, but if we can’t get preleased in time we’ll have to drop the three floors of office from the project,” says Blum.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.