Somerset Collection

infobox shopping mall
shopping_mall_name =


image_width = 300
caption = The Grand Court at Somerset North
location = 2800 W. Big Beaver
Troy, Michigan, United States
hours = Monday - Friday 10:00am - 9:00pm
Saturday (North) 10:00am - 9:00pm
Saturday (South) 10:00am - 7:00pm
Sunday 12:00pm - 6:00pm
opening_date = 1969 (Somerset Mall)
1992 (Somerset South)
1996 (Somerset North)
architect = JPRA Architects
Peterhansrea Designs
manager = The Forbes Company
owner = The Forbes Company
& Frankel Associates
developer = Forbes/Cohen
building_costs =
number_of_stores = 180
number_of_anchors = 4
area = 68.5 acres
floor_area = convert|1450000|sqft|m2|-2|abbr=on
parking = 7,000 spaces
Surface parking, covered parking, and valet.
floors = 2 (Somerset South)
3 (Somerset North)
website = [http://www.thesomersetcollection.com/ The Somerset Collection]

Somerset Collection is an exclusive upscale mall in the suburbs northwest of Detroit. The shopping mall is located in the Detroit suburb of Troy, Michigan. Developed, managed and co-owned by The Forbes Company, the center is anchored by department stores Nordstrom, Macy's, Neiman Marcus, and Saks Fifth Avenue. [http://www.thesomersetcollection.com/ About Somerset: History and Information] ."The Somerset Collection". Retrieved on October 8, 2008.] More than 180 additional specialty shops and restaurants are located at Somerset, including Tiffany & Co., Louis Vuitton, Barneys Co-op, Crate and Barrel, P.F. Chang's China Bistro, J. Alexander's, Brio Tuscan Grille, McCormick & Schmick's, The Capital Grille, California Pizza Kitchen, and the Peacock Café food court across from the Somerset Inn.

Somerset Collection is among the most profitable malls in the United States not owned by a real estate investment trust.Groover, Joel (June 1, 2004). [http://retailtrafficmag.com/mag/retail_privacy_please/ Privacy Please] . "Retail Traffic" Penton Media. Retrieved on September 3, 2007.] Mall developers consider Somerset Collection to be among the nation's top privately held mall properties with 2004 annual sales of about $600 million and sales per square foot at $620 compared to the national average of $341, well above the "Class A" threshold.Rogers, Kenneth (August 1, 2003). [http://retailtrafficmag.com/news/malls/retail_look_below/ Look out below] ."Retail Traffic", Penton Media. Retrieved on January 17,2008.] Of the 100 most profitable malls, 76 percent are owned by real estate investment trusts.

History

In 1967, Saks Fifth Avenue opened a stand-alone store on Big Beaver Road in the Detroit suburb of Troy. In 1969, a one floor upscale "Somerset Mall" designed by Louis G. Redstone Associates would be built onto the existing Saks, anchored by it and a new Bonwit Teller. [Cite book | author=Meyer, Katherine Mattingly and Martin C.P. McElroy with Introduction by W. Hawkins Ferry, Hon A.I.A.| title=Detroit Architecture A.I.A. Guide Revised Edition | year= 1980| publisher= Wayne State University Press| id = ISBN 0-8143-1651-4] Bonwit significantly renovated its store in 1988, only to close in 1990 after the chain went bankrupt. In 1991-1992 the center was renamed Somerset Collection, a second level was added, and Neiman Marcus opened a store on the site of the razed Bonwit Teller. Completed in August 1992, Tiffany's joined at this time as well.

Following the success of the revamped mall, co-owners Forbes/Cohen Properties and Frankel Associates opened an all new three-story $200 million convert|940000|sqft|m2|-2|abbr=on expansion across Big Beaver Road in 1996 designed by JPRA Architects. Michigan's first Nordstrom and a Hudson's (now Macy's) anchored the new three-story expansion named Somerset North joining the convert|500000|sqft|m2|-2|abbr=on expansion of Somerset South. Joining the two malls is a convert|700|ft|m|-1|sing=on concourse with a moving sidewalk called a skywalk over Big Beaver Road. The Grand Court contains an elaborate food court while the mall contains a number of upscale restaurants.

The expanded Somerset Collection contains convert|1450000|sqft|m2|-2|abbr=on of gross leasable area anchored by a convert|300000|sqft|m2|-2|abbr=on Macy's, a convert|240000|sqft|m2|-2|abbr=on Nordstrom, a convert|160000|sqft|m2|-2|abbr=on Saks Fifth Avenue, and a convert|141000|sqft|m2|-2|abbr=on Neiman-Marcus. [Cite book | author=Urban Land Institute| title=ULI Market Profiles | year= 1994| publisher= Urban Land Institute| id =] [Cite book | author= Garvin, Alexander| title= The American City: What Works What Doesn't (2nd Ed.)| year=2002 | publisher= McGraw Hill | id=ISBN 9780071373678]

tatistics

ee also

*Architecture of metropolitan Detroit
*Economy of metropolitan Detroit
*Metro Detroit
*Tourism in metropolitan Detroit

Notes

References and further reading

*Cite book|author=Cantor, George|title=Detroit: An Insiders Guide to Michigan|year=2005|publisher=University of Michigan Press|id=ISBN 0472030922
*Cite book | author= Garvin, Alexander| title= The American City: What Works What Doesn't (2nd Ed.)| year=2002 | publisher= McGraw Hill | id=ISBN 9780071373678
*Cite book | author=Meyer, Katherine Mattingly and Martin C.P. McElroy with Introduction by W. Hawkins Ferry, Hon A.I.A.| title=Detroit Architecture A.I.A. Guide Revised Edition | year= 1980| publisher= Wayne State University Press| id = ISBN 0-8143-1651-4
*Cite book | author=Urban Land Institute| title=ULI Market Profiles | year= 1994| publisher= Urban Land Institute| id =

External links

* [http://www.thesomersetcollection.com/ Somerset Collection website]
* [http://www.theforbescompany.com/ The Forbes Company website]