Somerset Collection
From Wikipedia, the free encyclopedia
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 The Grand Court at Somerset North |
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| Facts and statistics | |
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| Location | 2800 W. Big Beaver Troy, Michigan, United States |
| Opening date | 1969 (Somerset Mall) 1992 (Somerset South) 1996 (Somerset North) |
| Developer | Forbes/Cohen |
| Management | The Forbes Company |
| Owner | The Forbes Company & Frankel Associates |
| Architect | JPRA Architects Peterhansrea Designs |
| No. of stores and services | 180 |
| No. of anchor tenants | 4 |
| Total retail floor area | 1,450,000 sq ft (134,700 m²) |
| Parking | 7,000 spaces Surface parking, covered parking, and valet. |
| No. of floors | 2 (Somerset South) 3 (Somerset North) |
| Website | 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.
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.[1] 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.[1][2] Of the 100 most profitable malls, 76 percent are owned by real estate invesment trusts.[1]
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[edit] 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. 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 940,000 sq ft (87,300 m²) 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 500,000 sq ft (46,500 m²) expansion of Somerset South. Joining the two malls is a 700-foot (210 m) 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 1,450,000 sq ft (134,700 m²) of gross leasable area anchored by a 300,000 sq ft (27,900 m²) Macy's, a 240,000 sq ft (22,300 m²) Nordstrom, a 160,000 sq ft (14,900 m²) Saks Fifth Avenue, and a 141,000 sq ft (13,100 m²) Neiman-Marcus.
[edit] Statistics
| Building | Image | Levels | Area feet² / m² |
|---|---|---|---|
| Somerset North |  |
3 | 940,000/87,300 |
| Macy's |  |
3 | 300,000/27,900 |
| Nordstrom | 3 | 240,000/22,300 | |
| Somerset South |  |
2 | 500,000/46,500 |
| Neiman Marcus |  |
2 | 141,000/13,100 |
| Saks Fifth Avenue |  |
2 | 160,000/14,900 |
| Moving skywalk |  |
2 | NA |
| Gross leasable area |  |
2-3 | 1,450,000/134,700 |
[edit] See also
- Architecture of metropolitan Detroit
- Economy of metropolitan Detroit
- Metro Detroit
- Tourism in metropolitan Detroit
[edit] Notes
- ^ a b c Groover, Joel (June 1, 2004).Privacy Please. Retail Traffic Penton Media. Retrieved on September 3, 2007.
- ^ Rogers, Kenneth (August 1, 2003).Look out below.Retail Traffic, Penton Media. Retrieved on January 17,2008.
[edit] References and further reading
- Cantor, George (2005). Detroit: An Insiders Guide to Michigan. University of Michigan Press. ISBN 0472030922.
- Meyer, Katherine Mattingly and Martin C.P. McElroy with Introduction by W. Hawkins Ferry, Hon A.I.A. (1980). Detroit Architecture A.I.A. Guide Revised Edition. Wayne State University Press. ISBN 0-8143-1651-4.
[edit] External links
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