Somerset Collection
Somerset Collection is a Class-A luxury super-regional shopping mall in Troy, Michigan, owned by The Forbes Company LLC. It anchors Neiman Marcus, Nordstrom, Saks Fifth Avenue, and Macy's across 180+ stores, serving affluent Metro Detroit consumers with exclusive Michigan luxury brand locations.
- Company typePrivate
- Founded1969
- HeadquartersTroy, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Somerset Collection does
Somerset Collection is a Class-A luxury super-regional shopping mall located in Troy, Michigan, owned and operated by The Forbes Company LLC, a private real estate development and management company headquartered in Southfield, Michigan. Founded in 1969 with the opening of Michigan's first Saks Fifth Avenue, the property today spans two connected buildings (Somerset North and Somerset South) joined by a 700-foot glass-enclosed skywalk, housing more than 180 specialty retailers and restaurants anchored by Neiman Marcus, Nordstrom, Saks Fifth Avenue, and Macy's. The mall's tenant mix includes exclusive Michigan locations for Cartier (standalone boutique), Zegna, Läderach, Swatch, and Monica Rich Kosann, alongside other luxury brands such as Hermès, Dior, Balenciaga, Moncler, Prada, and Saint Laurent.
The core business model is retail tenant leasing, with revenue generated from space rental to anchor department stores and specialty retailers; pricing structures are not publicly disclosed. Complementary revenue-adjacent services include personal styling suites, concierge, valet parking, complimentary home delivery within a 40-mile radius, curbside pickup (Collection to the Car), the Skywalker walking program, and alterations. The Detroit Shoppe, a wholly-owned nonprofit subsidiary, functions as a cultural retail destination that has donated nearly $5 million to over 200 local charities over 15 years. Marketing is conducted through the company's website, Instagram, Facebook, email newsletter, branded fashion films, Yelp and Trip Advisor listings, and event sponsorships including partnerships with the College for Creative Studies (30-year runway show partnership), Detroit Historical Society, and Rocket Companies.
The company operates as part of The Forbes Company portfolio, which also includes The Gardens Mall (Palm Beach Gardens, FL), The Mall at Millenia (Orlando, FL), and Waterside Shops (Naples, FL). Somerset Collection is currently undergoing exterior renovation of its South entrance while continuing to onboard new luxury tenants. The management office employs 51-100 staff and is led by General Manager Kate Millea.
Somerset Collection firmographics
Firmographics- Name
- Somerset Collection
- Legal name
- The Forbes Company LLC
- Website
- https://thesomersetcollection.com
- Company type
- Private
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Somerset Collection is a Class-A luxury super-regional shopping mall in Troy, Michigan, owned by The Forbes Company LLC. It anchors Neiman Marcus, Nordstrom, Saks Fifth Avenue, and Macy's across 180+ stores, serving affluent Metro Detroit consumers with exclusive Michigan luxury brand locations.
- Ownership category
- akta.pro rank
Where Somerset Collection is headquartered
LocationHeadquarters
- HQ city
- Troy
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Somerset Collection business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Retail Tenant Leases: Somerset Collection generates revenue through leasing retail space to anchor department stores and specialty retailers. The mall hosts over 180 stores and restaurants.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels8 records
Somerset Collection product offering
Product offeringCore offering
Somerset Collection operates a luxury super-regional shopping mall in Troy, Michigan, leasing retail space to 180+ stores and restaurants, anchored by Neiman Marcus, Nordstrom, Saks Fifth Avenue, and Macy's. The mall earns revenue primarily from retail tenant leases and provides supporting guest services including personal styling, concierge, complimentary home delivery within a 40-mile radius, and valet parking. A nonprofit sub-brand, The Detroit Shoppe, operates a charitable retail destination that has donated nearly $5 million to local charities over 15 years.
Product overview
Somerset Collection is a luxury super-regional shopping center in Troy, Michigan, operated by The Forbes Company. The mall features a unified platform of shopping, dining, and guest services, anchored by Neiman Marcus, Nordstrom, Saks Fifth Avenue, and Macy's with over 180 stores and restaurants. The product portfolio centers on the core shopping and dining experience supplemented by premium guest services including Personal Stylist styling suites, Concierge Services, complimentary Home Delivery, Valet Parking, the Skywalker walking program, and Collection to the Car curbside pickup. The mall also features The Detroit Shoppe, a nonprofit cultural retail destination celebrating Detroit heritage, and serves as a venue for fashion events like the College for Creative Studies runway shows. A 700-foot glass-enclosed skywalk connects Somerset North and Somerset South complexes.
Differentiator
Problem solved
Functional benefit
Brands
- The Detroit Shoppe: A nonprofit retail and cultural destination showcasing Detroit brands and history, with proceeds benefiting local charities. Has donated nearly $5 million to over 200 local charities over 15 years.
Products and services
- Shopping and Dining Somerset Collection offers shopping and dining experiences across more than 180 stores and restaurants, featuring luxury brands, fashion retailers, and diverse dining options for Metro Detroit consumers.
- Personal Stylist / P.S. Suite
Companies that use Somerset Collection
Customer profileNamed customers7 records
Segments2 records
Ideal customer profiles2 records
Somerset Collection technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Somerset Collection partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- College for Creative Studies (CCS)coreThe College for Creative Studies Fashion Design Program presents annual runway show 'The Show' at Somerset Collection's Skywalk. The 2026 event marked the venue's 30th anniversary, featuring over 100 looks from 19 students and drawing 354 guests including industry representatives from major fashion houses and automotive companies.
- The Detroit ShoppecoreThe Detroit Shoppe is Somerset Collection's nonprofit retail and cultural destination celebrating Detroit icons, artifacts, and community impact. In 15 years, it has donated nearly $5 million to more than 200 local charities. Somerset Collection is a proud sponsor of The Coney celebrity fundraiser event.
- Children's Foundation of MichiganminorPartner in The Coney celebrity fundraiser weekend to raise money for youth arts programs and establish an Endowed Fund for Youth Arts.
- Rocket CompaniesminorPresenting sponsor of The Coney celebrity homecoming event benefiting youth arts programs in Detroit.
- Detroit Historical SocietyminorPartnered for The Detroit Shoppe's 15th anniversary historical exhibition featuring more than 100 Detroit artifacts and memorabilia in North Grand Court.
- Michigan Regional Council of Carpenters and Millwrights (MRCC)minorSomerset Collection collaborated with MRCC Pre-Apprenticeship program to construct exhibition space elements for The Detroit Shoppe's 15th anniversary celebration.
- ZumiezminorZumiez and Somerset Collection partnered with College for Creative Studies for sponsored illustration projects, including a 'SKATE STATE OF MIND' exhibit at the mall.
Scale indicators5 records
Recent moves14 records
Expansion highlights4 records
Somerset Collection competitors and assessment
Company assessmentDirect peers
- The Gardens Mall: Forbes Company-owned luxury mall in Palm Beach Gardens, FL anchored by Saks Fifth Avenue, Bloomingdale's, and Macy's. Comparable as a sister Forbes luxury asset with similar positioning and tenant strategy.
- The Mall at Short Hills: Premier luxury super-regional mall in Short Hills, NJ anchored by Neiman Marcus, Saks Fifth Avenue, Nordstrom, and Bloomingdale's. Comparable as a top-tier luxury mall anchored by the same four department store set with exclusive luxury brands.
- Bal Harbour Shops: Open-air luxury mall in Bal Harbour, FL anchored by Neiman Marcus and Saks Fifth Avenue, known for ultra-premium tenant mix. Comparable as a high-end luxury mall anchored by the same department-store set serving affluent shoppers.
- Waterside Shops: Forbes Company-owned luxury open-air shopping center in Naples, FL featuring Saks Fifth Avenue and a curated mix of upscale retailers. Directly comparable as a sister Forbes luxury asset serving an affluent trade area.
- Westfield Century City: Luxury shopping destination in Los Angeles, CA anchored by Bloomingdale's and Macy's with a curated mix of luxury and premium brands. Comparable as a super-regional luxury shopping center with similar tenant positioning.
- American Dream: Mega retail and entertainment complex in East Rutherford, NJ combining luxury retail, entertainment, and attractions. Comparable as a large-format retail destination targeting experiential luxury shoppers.
- King of Prussia Mall: One of the largest luxury malls in the U.S. located in King of Prussia, PA, anchored by Neiman Marcus, Nordstrom, Bloomingdale's, and Macy's. Comparable as a super-regional destination mall with multiple luxury anchors.
- The Mall at Millenia: Also owned and operated by The Forbes Company, this luxury super-regional mall in Orlando, FL is anchored by Neiman Marcus, Macy's, and Apple with 150+ stores. Most directly comparable as a sister Forbes asset with overlapping tenant mix and operational playbook.
Others
- The Forbes Company: The privately-held real estate development and management company that owns Somerset Collection. Directly comparable as the parent operator of comparable luxury malls and as a luxury retail real estate investment platform.
Regional players
- Rosedale Center: Upper-mid-tier super-regional mall in Roseville, MN anchored by Macy's and a strong mix of luxury and premium retailers. Comparable as a Midwestern regional mall in a comparable affluent suburban trade area.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Somerset Collection social profiles
Digital presenceSomerset Collection financial estimates
Financial estimateRevenue estimate
Valuation estimate
Somerset Collection leadership team
Management profileNumber of profiles
Profiles2 records
Somerset Collection subsidiaries and ownership
Company hierarchySubsidiaries4 records
Somerset Collection funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Somerset Collection M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Somerset Collection
What does Somerset Collection do?
Somerset Collection operates a luxury super-regional shopping mall in Troy, Michigan, leasing retail space to 180+ stores and restaurants, anchored by Neiman Marcus, Nordstrom, Saks Fifth Avenue, and Macy's. The mall earns revenue primarily from retail tenant leases and provides supporting guest services including personal styling, concierge, complimentary home delivery within a 40-mile radius, and valet parking. A nonprofit sub-brand, The Detroit Shoppe, operates a charitable retail destination that has donated nearly $5 million to local charities over 15 years.
Is Somerset Collection a public or private company?
Somerset Collection is a private company. It is classified as corporate owned and is currently operating.
When was Somerset Collection founded?
Somerset Collection was founded in 1969. It employs 51 to 100 people.
Where is Somerset Collection based?
Somerset Collection is headquartered in Troy, United States, in the North America region.
How does Somerset Collection make money?
One revenue line is on record: retail Tenant Leases.
Who are Somerset Collection's main competitors?
Direct peers on record are The Gardens Mall, The Mall at Short Hills, Bal Harbour Shops, Waterside Shops, Westfield Century City, American Dream, King of Prussia Mall and The Mall at Millenia. The Forbes Company is listed as an others. Rosedale Center is listed as a regional player.
Does Somerset Collection have an API?
No public API is recorded for Somerset Collection.