EXHIBIT 99.6

Gary J. SkoienChairman, President, and
Chief Executive Officer

May 30,
2001

Mr. Andrew
Pelmoter
Horizon Group Properties, Inc.
77 West Wacker Drive
42nd Floor
Chicago, Illinois 60601

Dear
Andrew:

This
letter amends your retention letter dated April 26, 2001.

While
we engage in our efforts to maximize the value of our portfolio, we recognize that the employees could have concerns about their future with the company. Your efforts on behalf of
the company have been important and will continue to be important as we embark on this new phase. Although I have discussed various possible scenarios which could have little, if any, impact on your
position with the company (including a portfolio purchaser retaining our company as its leasing agent and manager, that only some of our properties are actually sold, and/or that we start another line
of business which requires your expertise), there is no absolute guarantee or promise of continuing employment that I can give. In light of these circumstances and the company's desire that you remain
fully committed to your efforts on its behalf, the company intends to both reward you for contributing to a successful
transaction and afford you appropriate protection in the event of a transaction after which we cannot offer you continued employment.

Accordingly,
this letter sets forth the terms of your continued employment with the company:



| |  | Gross Sales Proceeds For the Portfolio  |  | Percentage of      |  | 
| |  | --------------------------------------- |  | ------------------ |  | 
| |  | In Excess of Outstanding Mortgage Debt* |  | Your Annual Salary |  | 
| |  | Less than $40 Million                   |  | Discretionary      |  | 
| |  | Between $40 and $50 Million             |  | 50%                |  | 
| |  | Between $50 and $60 Million             |  | 75%                |  | 
| |  | Greater than $60 Million                |  | 100%               |  | 

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Notwithstanding
the above, the company may terminate an employee's employment for cause at any time if the employee (a) commits an act of fraud, embezzlement or misappropriation
of company funds with respect to the company, (b) is convicted of a felony or (c) commits a material breach of any of his or her obligations as an employee of the company and the
employee fails to correct such breach within thirty (30) days (or such shorter period of time as may be reasonable warranted) of receipt by the employee of written notice from the company
specifying in reasonable detail the nature of such breach. Upon an employee's termination for cause, the company shall have no further obligation to pay the employee any salary or to provide the
employee with any other employee benefits (including severance benefits) hereunder except for any salary and other benefits that have fully accrued and vested but have not been paid as of the
effective date of such termination.

Nothing
contained in this letter agreement shall be construed, in any way, to limit or impair the company's right to terminate your employment at any time for any reason.

Your
signature on this letter constitutes your agreement to its terms and conditions. Please sign and retain this original and return one copy of the executed agreement to me.

|Very truly yours,                  |  | 
|---------------------------------- |  | 
|/s/ Gary J. SkoienGary J. Skoien   |  | 
|APPROVED AND ACCEPTED BY:          |  | 
|/s/ Andrew PelmoterAndrew Pelmoter |  | 

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