Lakeside Mall, a Sterling Heights, Michigan retail destination that opened in 1976, will close on July 1 in preparation for an extensive $1 billion redevelopment, marking the next phase of its revitalization project.

Lakeside Town Center, a $1 billion mixed-use redevelopment, is a project spearheaded by Lionheart Capital, a Miami-based developer, with a transformative plan for the Lakeside Mall site. Lionheart Capital’s retail subsidiary, Out of the Box Ventures, in collaboration with the City of Sterling Heights, has announced several initiatives to repurpose the existing Lakeside Mall public art within the landscape of the new Lakeside Town Center.

Lionheart Capital acquired the underperforming Lakeside Mall in 2019. The development plans include the construction of approximately 2,800 apartments, including senior housing, and 150,000 square feet of retail space. The project also envisions 60,000 square feet of offices, a 120-room hotel, and a community center as well as 30 acres of green space.