The property was purchased by RLG Flag City LLC, which lists a Miami Twp. mailing address shared by RG Properties, a privately held Miami Twp. real estate investment, development, and asset management firm.
Plans for the property are still being worked out, though the company is considering restaurant uses or retail space, according to Paul Miller, RG Properties’ executive vice president of real estate.
“We have a number of relationships in retail and we operate several restaurants as franchise locations and we love that piece of real estate,” Miller said in May, after the sale was final. “We love its location, we think it’s a nice piece of the overall center. We like the center and its manager, Midland Atlantic and we’re not quite sure what we want to do with it. The building’s a little big, we think, for a restaurant.”
Dining options are plentiful at Voice of America Centre, including Bonefish Grill, Chick-fil-A, City Barbeque, Chipotle Mexican Grill, LongHorn Steakhouse, Miyako Sushi & Grill, Panera Bread, Soho Japanese Bistro and Wayback Burgers.
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Options for the building include using the entire space for generic retail or dividing it for use between two tenants.
“If we split, then we think there’s probably a better chance of doing part of that as a restaurant with a little bit of a smaller floorplan,” he said. “It would probably be less expensive if we ended up with a tenant that could re-use the infrastructure that’s there for the restaurant.”
Miller said RG Properties also loves the market in which the property is located.
“The demographics are really strong and I would hope we would come to a conclusion by fall as to what we’re going to do with that,” he said.
Something that RG Properties plans to generate interest for the site at RECon, the International Council of Shopping Center’s annual convention, which is scheduled to run from Sunday to Wednesday in Las Vegas.
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