Twelve Mile Crossing at Fountain Walk

Infobox shopping mall
shopping_mall_name = Twelve Mile Crossing at Fountain Walk


image_width =
caption =
location = Novi, Michigan, United States
coordinates =
opening_date = 2002
closing_date =
developer = PLC Novi West, Schostak Corporation
manager = Transwestern
owner = Transwestern
number_of_stores = 20
number_of_anchors = 3
floor_area = convert|737000|sqft|m2|1
floors = 1
parking =
website = http://fountainwalkofnovi.com
footnotes =

Twelve Mile Crossing at Fountain Walk, formerly known as Fountain Walk, is a lifestyle center retail complex located across from the super-regional Twelve Oaks Mall in the city of Novi, a suburb of Detroit, Michigan, United States. The center features Dick's Sporting Goods and The Great Indoors as its anchor stores; in addition, the center features a movie theater, game room, and a skate park.

History

After initial delays that cancelled two of its anchor stores, [cite web |url=http://www.highbeam.com/doc/1G1-91572844.html |title= Rocky road to Novi; Fountain Walk ready to go after overcoming early pitfalls.(Cover Story)(Brief Article) |accessdate=2007-08-22 |date2002-09-16 |format=html |work=Crain's Detroit Business] construction began on Fountain Walk in late 2001. The mall's owner, PLC Novi West, worked initially with Taubman Centers and Ramco-Gershenson, two Detroit-area based developers; Schostak Corporation was later hired as a leasing agent.

The first stores to open were Galyan's Trading Company and The Great Indoors.cite web |url=http://www.detroitbuildingtrades.org/newspapr/dec72001.html#waterworks |title=Retailers debut at Detroit’s Fountain Walk retail project |accessdate=2007-08-22 |date2001-12-07 |format=html |work=Detroit Building Trades.com] A year later, the rest of the mall opened to the public.

Additional renovations brought a movie theater and a game room called Lucky's. The entire Galyan's chain was acquired and re-branded by Dick's Sporting Goods in 2004. Also in 2004, the mall's developers filed Chapter 11 bankruptcy.cite web |url=http://www.theoaklandpress.com/stories/092104/bus_20040921018.shtml |title= Mall owner's bankruptcy filing doesn't faze tenants |accessdate=2007-08-22 |date2004-09-21 |format=html |work=Oakland Press.com]

Difficulty of access to the mall has been cited as a factor limiting the center's growth,cite web |url=http://www.detnews.com/2005/metro/0506/26/A01-228372.htm |title= Novi takes tough stand on growth |accessdate=2007-08-22 |date2005-06-26 |format=html |work=Detroit News] as the mall lacks visibility from 12 Mile Road, Novi Road, and Interstate 96, the three major roads that surround it.

The center has been no more than seventy percent leased since its opening, and several major tenants have closed.cite web |url=http://www.theoaklandpress.com/stories/062406/bus_2006062405.shtml |title=Fountain Walk to be remodeled |accessdate=2007-08-22 |date2006-06-24 |format=html |work=Oakland Press.com] Modern Skate & Surf announced on its website that it was moving because "the landlord is remodeling the mall and our building will be torn down."cite web |url=http://www.modernskate.com/modernskate/dept.asp?dept_id=1500|title= Modern Skate & Surf website |accessdate=2007-09-15 |format=html]

Redevelopment

Approximately convert|60000|sqft|m2|1 of the mall was demolished in 2006 and re-developed; similarly, another large part of the mall which housed Modern Skate was demolished in July 2008. [cite web |url=http://www.theoaklandpress.com/stories/062406/bus_2006062405.shtml |title=Fountain Walk to be remodeled |accessdate=2007-08-07 |format=html |work=Oakland Press.com] Additional big box stores will be added in the renovation, including a Gold's Gym franchise. [cite web |url=http://hometownlife.com/apps/pbcs.dll/article?AID=/20070816/NEWS13/708160397/1030 |title=Library building authority approved |accessdate=2007-08-22 |date2007-08-16 |format=html |work=HometownLife.com] The center was also renamed Twelve Mile Crossing at Fountain Walk. [cite web |url=http://blog.mlive.com/oak_business_review/2007/10/fountain_walk_redevelopment_st.html |title=Fountain Walk redevelopment steps forward with $50M loan |accessdate=2007-11-13 |last=Marshall |first=Carroll |date=2007-10-18 |work=Mlive.com] Cost Plus Worled Market announced the closure of all its Detroit locations in April 2008. [cite web |url=http://www.hometownlife.com/apps/pbcs.dll/article?AID=/20080403/BUSINESS/804030623/1080 |last=Jackett |first=Chris |title=Fountain Walk developments moving smoothly |accessdate=2008-06-01 |date2008-04-03 |work=HometownLife.com]

References

External links

* [http://www.fountainwalkofnovi.com Official site]
* [http://www.transwestern.net/ Transwestern]