JC Penny has signed a letter of intent to open a 100,000 square foot
retail store as the anchor tenant at the Shoppes of Gateway, located
at the southeast corner of Eight Mile and Woodward near the Michigan
State Fairgrounds.
Excerpt:
Plans also include up to five national "junior box" retailers, up to
five restaurants and as many as 40 national and local small retail
shops.
[Gateway Park investor Bernard] Schrott said Penney's plans to open a
Detroit store bode well for the future of Gateway Park, which is
planned to open in March 2009.
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