Northland Mall in Southfield was once a symbol of Americana and hearty consumerism. Then it closed earlier this year after falling on hard times.
Southfield now has bought the abandoned mall for $2.4 million, Mike Martindale of The Detroit News reports. It plans to spend $8 million to $10 million on demolition and cleaning up the property so it can sell the land to a developer. An Oakland County Circuit Court judge approved the sale.
Court-appointed receiver Frank Simon said there were “a few” other interested buyers but the city was the best offer and fit for the future of the mall property, Martindale writes.
“The city does not intend to develop or own the property, we plan to demolish it and clean it up so it can be sold to a qualified property developer who will build a new, revitalized mixed-use development containing office, retail, and residential space on the site,” Mayor Donald Fracassi says Wednesday in a statement.
Earlier coverage:
Gallery: The Death of the Historic Northland Mall, March 23, 2105
