Palmer Woods Square is coming to one of the city's most stable areas that still remains woefully under-served by retail.
Located on Woodward Avenue at W. Goldengate Avenue, between Seven Mile and McNichols roads, the 11,000 square foot retail plaza is currently seeking tenants for spaces ranging in size from 900 to 9,000 square feet.
The prosperity of Palmer Woods, Sherwood Forest, Green Acres and the University District prompted developer Charlotte Knight to embark on the project. She has run her
State Farm Insurance office from the area for seven years and saw good market potential. "It is not enjoying the the amenities that type of income level enjoys in the suburbs," Knight says.
Other indicators that cemented her desire to proceed with Palmer Woods Square is the work of the
Palmer Park Conservation Society and efforts of groups such as the
Woodward Avenue Action Association to connect communities all along the corridor. "There is a push to bring this area back," she says.
Knight was particular that the design of the plaza respects the historical nature of the communities it will serve without resorting to imitation. "I want it to fit into the neighborhood, but with a modern edge," she says. "I'm not trying to do a replica of something."
She hopes to break ground in spring of 2008 and complete construction six to eight months later.
Land for the project was assembled by David Shanaman from
Colliers International. Inquiries should be directed to Knight at 313-340-1907.
Source: Charlotte Knight, Palmer Woods Square
Writer: Kelli B. Kavanaugh
Illustration courtesy of Colliers International
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