Discovered among the Michigan Department of Treasury's "unclaimed property" inventory:
LUCKY 7 DEVELOPMENT LLC
GROSSE POINTE WOODS, MI
Property Number: 10367064
Transferred from: FIFTH THIRD BANK
Lucky 7 Development L.L.C. was formed in 1996 by Denise Ilitch and other members of her family. In 1999, attorney William Serwer filed papers signed by Denise Ilitch transfering control of Lucky 7 Development to his client Michael J. Malik, Sr.
Malik is the longtime casino and real estate development partner of Denise Ilitch's mother Marian Ilitch. Nearly all fo their affiliates are registered at the same Foxtown address in Detroit that is the headquarters of Ilitch Holdings, Inc.
Lucky 7 Develoment/Grande Pointe Development LLC appears to have title to nine parcels on Harsens Island (former Boys Club property) that have a total 2009 equalized value of $1,224,500. Lucky 7 Development failed to pay its 2008 taxes on those parcels and appears to have delinquent tax bills totalling $9,417.57.
For two decades, Malik and various affiliates have attempted, without luck, to develop a marina and other commercial and residential properties on that Harsens Island property.
See detailed 15-page DEQ application for permits.
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