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Could The Sears Lot In Frandor Be Headed For A Major Makeover?
What started way back in 1954 could be headed for a major makeover in the near future.
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Back then is when Sears landed in Frandor and has been part of the landscape until they shut the store down in February of last year.
The parent company of Sears/Kmart – Transform Holdco – announced today (Thursday 11/07/19) that it was closing 96 Sears and Kmart stores by February 2020. On the list of closures: The location at Lansing’s Frandor Mall.
Read More: Sears In Frandor Will Be Closing Its Doors | https://975now.com/sears-in-frandor-will-be-closing-its-doors/?utm_source=tsmclip&utm_medium=referral
A couple of fun facts for you:
- The Sears building (196,000 square foot building) sits on roughly about 14 acres in Frandor.
- The Gillespie Group purchased the property back in 2007.
- Sears still holds the lease through 2029, but has since employed Gillespie Group to put together redevelopment plans. (Lansing City Pulse)
And it can all be yours. Depending on what you want to do with it. You can talk to the folks at Gillespie and haggle over the price (which we know won't be cheap). And they have taken the liberty to draw up some plans that you can take a look at here.
As you know, currently located in the former Sears Auto Bay is one of Sparrow Hospital's Covid-19 Testing Locations.
What's their deal with the current owners and how would any future plans of development affect them?
That agreement includes a discounted lease with the healthcare provider “paying some expenses” like heating and cooling, Gillespie said.
And the eventual redevelopment plans — though still in the very early stages — won’t immediately boot Sparrow from the premises. The healthcare provider will be able to continue operating from the building “for as long as the community needs them,” Gillespie added. (Lansing City Pulse)
All the finer details and the full article is below.
50 Famous Brands That No Longer Exist
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