Twelve Oaks Mall Novi New Stores and Great Lakes Crossing Expansions: What It Means for Local Property Values

September 23, 2026By Mark ZawaidehCommunity Development

Two of Oakland County's biggest retail centers are growing, not shrinking. Twelve Oaks Mall Novi new stores and fresh additions at Great Lakes Crossing Outlets in Auburn Hills are drawing shoppers back, and that kind of retail momentum has a direct connection to home values in the surrounding communities.

What's Happening at Twelve Oaks Mall and Great Lakes Crossing

Novi and Auburn Hills both benefit from Simon Property Group's ownership of these two malls. Simon has focused on bringing in new tenants rather than leaving vacant storefronts to pile up, a problem that has hurt property values in communities with struggling retail centers across the country. Both malls are pulling in new stores, restaurants, and attractions. The specific tenant list continues to grow, with more announcements expected.

This is not the story most people expect from regional malls right now. National headlines have spent years covering closures, but Twelve Oaks Mall Novi new stores and the activity at Great Lakes Crossing tell a different story about Oakland County's consumer base and economic footing. You can read more about the expansion activity directly from local coverage at the Detroit Free Press.

Why Retail Health Connects to Home Values

Strong retail centers do a few things for surrounding neighborhoods. They attract employers, support local tax revenue, and signal that consumer spending in the area is healthy. Communities where major anchors close tend to see surrounding commercial corridors weaken, which puts pressure on residential values over time.

The opposite is also true. When a mall the size of Twelve Oaks is adding tenants and drawing traffic, the surrounding area benefits from that activity. Restaurants fill seats. Tax revenue supports local services. Employers have an easier time recruiting workers who want nearby options.

For homeowners in Novi, this kind of stability in the commercial core supports the residential market. If you're curious what your home is worth in this environment Find out what your home is worth →, retail vitality is one of the factors that holds values up in a competitive suburban market.

Explore more about the Novi real estate market to see how this community compares to others in Oakland County.

What This Means For You

• Buyers looking at Novi and Auburn Hills are choosing communities with active, healthy retail corridors, not declining ones.

• Homeowners in Novi benefit from the tax base and economic activity that large retail centers generate locally.

• Investors watching Oakland County can treat continued mall tenancy growth as one indicator of sustained demand in the residential market. Find out what your home is worth →

• The Simon Property Group strategy at both malls suggests long-term commitment to these locations, not a wind-down.

Retail does not drive home values on its own, but it is one piece of a larger picture. Novi and Auburn Hills both look stronger heading into the next few years with these expansions underway.

Frequently Asked Questions

Does Twelve Oaks Mall Novi adding new stores actually affect nearby home values?

Retail health is one of several factors that influence residential demand in a community. A thriving Twelve Oaks Mall supports local tax revenue, keeps commercial corridors active, and signals economic strength, all of which tend to support home values in Novi over time.

Which new stores are coming to Twelve Oaks Mall in Novi?

Simon Property Group continues to announce new tenants at Twelve Oaks Mall, with both retail and dining options in the pipeline. For the current and most updated tenant list, check directly with the mall or follow local Detroit-area news outlets for announcements as they are confirmed.

Is Great Lakes Crossing Outlets in Auburn Hills also growing?

Yes. Great Lakes Crossing Outlets is also owned by Simon Property Group and is adding new stores and attractions alongside Twelve Oaks Mall. Both malls are part of Simon's broader strategy to keep occupancy rates high and attract new tenants in a competitive retail environment.

Source: freep.com