REDICO has completed its The Village at Bloomfield redevelopment. The 87-acre mixed-use development is centrally located on Telegraph at the epicenter of the Bloomfield Hills business community and at the entrance to Pontiac, MI.
The sprawling development includes retail, medical office, fitness, dining, grocery, hotel, senior living and rental apartments. It includes nearly 1.1 million square feet of development.
Prior to REDICO’s purchase of The Village at Bloomfield, the site was originally envisioned as a lifestyle center. Construction on the project, then referred to as Bloomfield Park, commenced in 2006, but the original developer defaulted on its delivery and the property sat abandoned for nearly a decade. In fall 2014, REDICO and its California-based equity partner, Pacific Coast Capital Partners, bought foreclosure rights from Wells Fargo Bank.
“The completion of The Village at Bloomfield has been a long-awaited announcement in the community,” said REDICO president and CEO Dale Watchowski.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).