The developers, Morningstar Development and HSA Commercial of Chicago, need the restaurant signed to earn their financing. A bank has required the developers to sign 85% of their tenants of Phase 1 of the development. Phase 1 is to include a National City Bank branch and a Barnes and Noble bookstore. Phase 2, if Phase 1 goes through, will include more retailers such as The Gap, and condominiums along the block-long development. Royal Oak's downtown is one of the top nighttime entertainment spots in Michigan.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 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.
