Somerset Collection

(1 reviews)

Address: 2800 W. Big Beaver, Troy, MI, 48084

Stores: 175
Hours:
10:00 - 21:00 ( Mon - Sat )  12:00 - 18:00 ( Sun )  
Phone: 248-643-6360
About

Somerset Collection is an exclusive upscale mall in the suburbs northwest of Detroit. The shopping mall is located in the Detroit suburb of Troy, Michigan. Developed, managed and co-owned by The Forbes Company, the center is anchored by department stores Nordstrom, Macy's, Neiman Marcus, and Saks Fifth Avenue.

More than 180 additional specialty shops and restaurants are located at Somerset, including Tiffany & Co., Cartier, Louis Vuitton, Barneys Co-op, Crate and Barrel, P.F. Chang's China Bistro, J. Alexander's, Brio Tuscan Grille, Bon Vie, McCormick & Schmick's, The Capital Grille, California Pizza Kitchen, and the Peacock Caf² food court across from the Somerset Inn.

Somerset Collection is among the most profitable malls in the United States not owned by a real estate investment trust. Mall developers consider Somerset Collection to be among the nation's top privately held mall properties with 2004 annual sales of about $600 million and sales per square foot at $620 compared to the national average of $341, well above the "Class A" threshold. Of the 100 most profitable malls, 76 percent are owned by real estate invesment trusts.

History

In 1967, Saks Fifth Avenue opened a stand-alone store on Big Beaver Road in the Detroit suburb of Troy. In 1969, a one floor upscale "Somerset Mall" designed by Louis G. Redstone Associates would be built onto the existing Saks, anchored by it and a new Bonwit Teller. Bonwit significantly renovated its store in 1988, only to close in 1990 after the chain went bankrupt. In 1991-1992 the center was renamed Somerset Collection, a second level was added, and Neiman Marcus opened a store on the site of the razed Bonwit Teller. Completed in August 1992, Tiffany's joined at this time as well.

Following the success of the revamped mall, co-owners Forbes/Cohen Properties and Frankel Associates opened an all new three-story $200 million 940,000 sq ft (87,300 m²) expansion across Big Beaver Road in 1996 designed by JPRA Architects. Michigan's first Nordstrom and a new Hudson's anchored the new three-story expansion named Somerset North joining the 500,000 sq ft (46,500 m²) expansion of Somerset South. Joining the two malls is a 700-foot (210 m) concourse with a moving sidewalk called a skywalk over Big Beaver Road. The Grand Court contains an elaborate food court while the mall contains a number of upscale restaurants.

The expanded Somerset Collection contains 1,450,000 sq ft (134,700 m²) of gross leasable area anchored by a 300,000 sq ft (27,900 m²) Macy's, a 240,000 sq ft (22,300 m²) Nordstrom, a 160,000 sq ft (14,900 m²) Saks Fifth Avenue, and a 141,000 sq ft (13,100 m²) Neiman-Marcus.

In 1997 Saks Fifth Avenue expanded, while in 2001, the Hudson's chain had assumed the Marshall Field's nameplate. Marshall Field's store was officially renamed Macy's on September 9, 2006.
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