Showing posts with label Kales Building. Show all posts
Showing posts with label Kales Building. Show all posts

Sunday, December 18, 2011

It's Official!

There will be no Shield's Pizza franchise in the Kales Building.

 Detroit pizza plan in default
Louis Aguilar-The Detroit News

The attempt to bring a Shield's pizza restaurant back to Detroit has ended up in a large pile of dough owed to the bank.

The Troy-based chain left Detroit, where it started, in the mid-1980s and focused on suburban growth. In 2007, the chain announced plans for a franchise to open a street-level eatery at the Kales Building Lofts at downtown's Grand Circus Park.

The plan never came to fruition. Earlier this week, the lenders of an $819,000 loan filed a lawsuit in U.S. District Court charging the investors behind the downtown plan defaulted on the loan signed in 2008. The outstanding balance is $798,777, according to the suit.

Shield's Pizza to Abandon Detroit Again?

Four Years Gone.