REDICO recently completed its The Village at Bloomfield redevelopment in Bloomfield Hills, Michigan
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, Michigan. 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, featuring condos, retail shops, a health club, a cinema and a hotel. 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 to the site from mortgage holder Wells Fargo Bank. The Southfield, Michigan-based owner and operator changed the name to The Village at Bloomfield and began redevelopment in 2018, demolishing all the original construction except one building and adjoining parking structure.
The sprawling development includes retail, medical office, fitness, dining, grocery, hotel, senior living and multifamily housing. The surrounding area boasts several shopping centers, home improvement stores, restaurants, fitness centers and other local amenities. One notable tenant, Henry Ford Health, houses an 85,000-square-foot ambulatory care facility, along with a Henry Ford OptimEyes brand retail store and optical center.
