Report: Target backs out of Midtown store plans
A Target store might not be coming to Midtown after all.
Driving the news: The plan to bring a small-format Target to Woodward and Mack across from Whole Foods and a recently closed Starbucks location is dead, a spokesperson for the corporation told Crain's this week.
- But City Club Apartments owner Jonathan Holtzman, the developer, says the store planned next to the 300-unit residential project is still happening.
What they're saying: A Target spokesperson blamed "ongoing delays and complications" for its decision to back out in a statement to Crain's.
Catch up quick: A Chicago-based bank backed out of a financing deal, but Holtzman, who said in an interview last year he has "never formally proposed a project that has never been built," is vowing to finish the project.
- He says Target has not informed him of an intent to cancel or modify a "legally binding lease," Crain's reports.
The other side: "We don't have a letter from Target expressing their intent to cancel or modify the lease," Holtzman said in a statement provided to Crain's.
- "We continue to move forward with our plans for this exciting mixed-use apartment and penthouse development."
💭 Sam's thought bubble: I still don't know where I stand on these small-format stores. The "Rivertown Market" Meijer on Jefferson Avenue is great for Lafayette Park residents but lacks key departments you expect in a normal-size store — like home improvement, auto parts or office supplies.
- That means many residents, including myself, still find themselves in Allen Park or Royal Oak a few times a month.
More Detroit stories
No stories could be found
Get a free daily digest of the most important news in your backyard with Axios Detroit.