Thread regarding Macy's Inc. layoffs

Lakeside Mall (Sterling Heights MI) Macy's

Who owns the property/building? Macy's or someone else?

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| 681 views | | 3 replies (last July 15, 2024) | Reply
Post ID: @OP+1tv0OvWg

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The Men’s/Home store is leased and is supposed to be demolished for the redevelopment. Macy’s currently owns the main store but according to local officials the store is under contract to be sold to the developer. The developer Lionheart will need to purchase all of the parcels in order to qualify for brownfield funds that will pay for the demolition. So far, they haven’t been able to reach a deal with the owners of Sears and Lord and Taylor.

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Post ID: @1aky+1tv0OvWg

This is a publicly traded company so there is a list of all properties and whether they are leased, owned or land leased on the internet.

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Post ID: @1wxi+1tv0OvWg

Look on the county tax map for the property information.

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Post ID: @1blc+1tv0OvWg

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