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$50-Mil Mixed-Use Project in Trouble Without Liquor License OK

ROYAL OAK, MI-HSA Commercial and the Morningside Corp. scramble to find another tenant in order to begin construction on their proposed Main Place mixed-use development. National City Bank is requires an 85% pre-lease.

By Robert Carr | Updated on February 08, 2001

ROYAL OAK, MI-The owners of Buffalo Wild Wings restaurant chain in Michigan have pulled out from a plan to be part of the $50 million Main Place mixed-use development here. City officials had stalled the restaurant by not allowing the owners to transfer a liquor license from Mt. Pleasant.

Downtown Royal Oak, a popular nightlife spot in Southeast Michigan, has a moratorium on allowing transfers of licenses in to the city.

The pull-out means that HSA Commercial and the Morningside Corp., both of Chicago, have to scramble to find another tenant to bring the development up to 85% pre-leased, a financing requirement by National City Bank. A Barnes and Noble, The Gap and other retail, condominiums and restaurants are planned for the multi-phase development.

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