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August 23, 2009
FOR IMMEDIATE RELEASE CONTACT:
Glenn Oswald
Michael Layne
248-855-6777

GROUNDBREAKING CEREMONY SET FOR THE NEW LIVONIA MARKETPLACE
Former Livonia Mall site to become beautiful, new open-air retail center

Livonia, MI, August 24, 2009 – Livonia Phoenix LLC, an entity consisting of real estate companies Grand/Sakwa Properties, Lormax Stern Development and Konover South, has announced the groundbreaking for new Livonia Marketplace retail center.  The former Livonia Mall site is set to be transformed into a state-of-the-art open-air retail center, anchored by Wal-Mart and featuring more than 325,000 square feet of retail space.

The groundbreaking ceremony is set for Thursday, August 27 at 11:00 am at the northwest corner of 7 Mile Road and Middlebelt in Livonia.

“The groundbreaking signifies the completion of the demolition of the old Livonia Mall and celebrates the start of construction for the new Livonia Marketplace,” said Karl Zarbo of Livonia Phoenix. 

“We are proud to be a part of the rebirth and rejuvenation of this area and serve the citizens of Livonia with an outstanding shopping experience.”

Livonia Marketplace will include a new Wal-Mart Supercenter accompanied by five additional multi-tenant buildings. Set on more than 40 acres, the project will feature architectural amenities with plentiful landscaping, designed to be harmonious with the area’s surroundings.  Wal-Mart construction is scheduled to start later this year, with all work set to finish in 12 to 18 months.

“Livonia Marketplace is a great example of municipalities and developers working together to achieve a mutually rewarding outcome,” added Zarbo.  “Livonia residents will have new shopping choices and the city will add to its tax base and see a previous eyesore transformed into a vibrant, viable retail center.”

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