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Developers &
Real Estate Investors
$5.5B
Invested in Brownfield Projects

$1B
Economic Incentives Secured

1M Sq. Ft.
of Vapor Systems Installed

Former Summit Place Mall Redevelopment Project, Waterford Township, MI

Environmental and Economic Development services for the redevelopment of the former Summit Place Mall property in Waterford Township.

Former Summit Place Mall Redevelopment Project, Waterford Township, MI - Developers and Real Estate Company Environmental Consulting Service - Screen_Shot_2020-07-15_at_1

THE PROJECT


The abandoned and obsolete former Summit Place Mall was more than just an eyesore in the Oakland County community, it was acting as an anchor slowly sinking nearby commercial businesses and spreading blight. Prior attempts to attract the right developer to take on this 1.5 million square foot goliath of a brownfield never gained traction, but then Summit 327, LLC – an affiliate of Ari-El Enterprises – purchased the property in 2018 and within months, demolition of the 1960s-era mall began. The entire site will be radically transformed into a modern business park, attracting new industrial and commercial business growth to the area and creating jobs. The new business park is being marketed as the Oakland County Business Center and is anticipated to contain over 1 million square feet of new light industrial, research and development, logistics, office and engineering facilities.

Former Summit Place Mall Redevelopment Project, Waterford Township, MI - Developers and Real Estate Company Environmental Consulting Service - Screen_Shot_2020-07-15_at_1

OUR ROLE


AKT Peerless assisted the development team with conducting all environmental due diligence for the acquisition and operation of the site. AKT Peerless also performed a supplemental subsurface investigation to identify and evaluate the possible presence of an underground storage tank (UST) on the property. A tank was not identified, but AKT Peerless did coordinate with the earthwork contractor and provide oversight during the remediation of contaminated soils in the area of a former UST.

Former Summit Place Mall Redevelopment Project, Waterford Township, MI - Developers and Real Estate Company Environmental Consulting Service - Screen_Shot_2020-07-15_at_1

THE RESULTS


AKT Peerless secured US EPA grant funds through Oakland County to conduct environmental due diligence (Phase I Environmental Site Assessment and Baseline Environmental Assessment). AKT Peerless also successfully secured a 10-year Commercial Rehabilitation Act tax abatement and local and Michigan Economic Development Corporation support of brownfield tax increment financing to offset the project’s brownfield related costs and ultimately make the project financially feasible.

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  • Preparing to develop one of Michigan’s largest Brownfield projects was a daunting task and would not have been possible without the guidance and support of AKT Peerless. Dean Kiriluk, Executive Vice President Kirco
  • Thank you for your hard work and effort. You and your team went far and beyond the call of duty. Andy Gutman, President of The Farbman Group
  • AKT Peerless have been a thoughtful, innovative and valuable partner. Their proposals are carefully thought out, well written and reasonably priced. Anna M. Mauiri, Attorney Dickson Wright
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