A Massive Mall is Now Closing in Michigan

June 29, 2024

A massive mall is now closing in Michigan after 48 years of business starting July 1, making this the last weekend it will be open.

This is the last weekend shoppers can visit Michigan’s Lakeside Mall before it closes after 48 years of business.

The Sterling Heights mall, just 30 minutes from Detroit, will close its doors for good on July 1, per The-Sun.

Locals reminisced about shopping at the mall and hanging out with friends on the weekends.

“Coming here as a kid, we used to go ice skating, usually on a Sunday. Then we would come out with the family,” Michelle Suminski told local ABC affiliate WXYZ.

She went to Lakeside on Wednesday to get one final look before it closes.

“Just walking around and looking at all the empty stores.

Just kind of reminiscing, seeing what it was like,” Suminksi said.

The mall is holding an estate sale where shoppers can buy equipment and furniture to remember it by.

“I would probably take a bench, honestly… yeah, somewhere to sit down. A lot of people have been there, and it’s a piece of history from the store, so why not? I’ll take a bench,” James Deler told the outlet.

All the money raised by the sale will be donated to a local charity.

The exact details on when the sale will happen will be released later this year.

The mall will be demolished except for the JCPenney and Macy’s stores.

Lionheart Capital, a subsidiary of Out of the Box Ventures, and the City of Sterling Heights will collaborate to repurpose different parts of the mall.

A $1 billion project is planned for the site that includes retail, office, and residential spaces, as well as a park and a hotel.

“We are grateful to have a developer that is as engaged with our local community as Lionheart Capital / Out of the Box Ventures,” said Sterling Heights Mayor Michael Taylor.

For more store closure news and updates like this, opt-in for push notifications.

Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

Also Read: Retirees Will Now Receive More Money For Social Security

Market News Published Daily 📰

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Our readers can now donate $3 per month to support independent journalism.

For daily news and updates on your favorite stories, opt-in for push notifications.

Follow Frank Nez on X (Twitter), Instagram, or Facebook.

More Market News 📰