REDICO Completes 87-Acre Village at Bloomfield
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.
- ◦Development
