Monday, July 29, 2024

Downtown Lakewood development to go without grocery store

A refined development plan for Downtown Lakewood was released after a potential
grocery store tenant decided not to be part of the project. However, the developers
intend to proceed, albeit with a smaller and multi-tenanted retail spaces on the ground
floor facing Detroit Avenue. This view looks southerly from the intersection of
Detroit and Belle avenues (Dimit). CLICK IMAGES TO ENLARGE THEM.

Developers of the proposed Downtown Lakewood mixed-use development said it was a mix of good and bad news that a grocery store chain backed out of the project. The good news is that the developers can proceed with a previous plan to offer a larger public plaza facing Detroit Avenue. The bad news was that revising the plans to accommodate the grocer cost the developers eight months of time and inflation in delivering the $100-plus-million project.

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