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State Approves $87.5M in Grants to Bolster Project Site Readiness Efforts

Posted By: mlive on February 1, 2024.  For more information, please click here to read the source article. The Michigan Economic Development Corp. (MEDC) has approved $87.5 million in grant funding for 18 projects across the state of Michigan — including two in metro Detroit — through the Strategic Site Readiness Program (SSRP), which support the state’s efforts […]


MCBA gets $82K grant to prepare south county property for development

Posted By: The Monroe News on February 6, 2024.  For more information, please click here to read the source article. The Monroe County Business Alliance will receive $82,310 in grant funding to help prepare a 143.25-acre piece of property for future development. The property is southwest of Sterns Road and Dixie Highway in Erie and Bedford townships. Monroe County’s […]


Additional tax incentives OK’d to redevelop former GM Warren Transmission site

Posted By: The Detroit News on October 24, 2023.  For more information, please click here to read the source article. The Michigan Strategic Fund Board agreed Tuesday to increase brownfield tax incentives for the redevelopment of the former General Motors Transmission Plant site in Warren. The governing body of the Michigan Economic Development Corp. increased the authorized capture […]


$111M incentive package for ‘transformational’ housing, retail project in Grand Rapids approved

Posted By: mlive on February 1, 2023.  For more information, please click here to read the source article.   The Grand Rapids City Commission has approved a tax incentive, valued at $103 million over 27 years, to help transform a former industrial site on Godfrey Avenue SW into a mixed-use development with hundreds of apartments, commercial space and […]


Construction to begin soon on $16.4M Grand Rapids apartment, commercial building

Posted By: mlive on August 23, 2023.  For more information, please click here to read the source article. Construction is expected to start within 30 days on a two-building apartment development at the corner of Wealthy Street SE and Sheldon Avenue SE containing 58 market-rate units and ground-floor commercial space.  The development, being led by W&S Development Partners and […]


Construction begins on Flint Commerce Center at former Buick City site

Posted By: Flint Beat on June 5, 2023.  For more information, please click here to read the source article. Signature is proud to be a part of such an exceptional new development!  For leasing information, contact Joe Hamway / Greg Hudas New development began today at the former Buick City site on Flint’s north side. The June 5, 2023, […]


Crews begin demolition of central Toledo’s former Baron Drawn Steel plant

Posted By: The Toledo Blade on April 5, 2023.  For more information, please click here to read the source article. Workers are tearing down the former Baron Drawn Steel plant in central Toledo this week. The facility opened in 1964 and shuttered about 20 years ago, laying off the 85 remaining employees. Since then the plant’s contaminated structures […]


Top 10 Commercial Real Estate Trends for 2023

Posted By: Commercial Property Executive on January 4, 2023.  For more information, please click here to read the source article. In 2022, spiking interest rates, inflation and a war in the Ukraine brought considerable change to commercial real estate and the U.S. economy overall. With interest rates and values expected to stabilize, and all stakeholders rethinking the highest […]


Developer plans to draw manufacturers to former GM plant site in Wyoming

More than 12 years after General Motors closed its 36th Street stamping plant in Wyoming, the site has a new owner with an eye on redevelopment. Franklin Partners LLC announced Thursday that it has bought the property now known as Site 36 after gaining approval from the Wyoming Brownfield Redevelopment Authority. Wyoming City Manager Curtis […]


State incentivizes redevelopment of former Northville/Plymouth prison

Michigan’s economic engine on Tuesday approved incentives for redevelopment of the former prison site in Northville and Plymouth townships. The $38.7 million project calls for a nearly 66,000-square-foot commercial flex space development from an affiliate of Novi-based real-estate firm Hillside Investments, a large stormwater retention pond and 9,000-square-feet of infrastructure improvements that include sidewalks, curbs, asphalt paving […]


Former GM Warren Transmission plant site to get $180 million redevelopment

A $180 million plan to redevelop the former General Motors Transmission plant site in Warren is expected to bring 1.4 million-square feet of new industrial space and 600 jobs, according to the city. The Warren City Council will consider on Tuesday a brownfield plan for the 117-acre site at 23500 Mound. The owner, Missouri-based NorthPoint Development, […]


Whitmer OKs extending development tax incentives by 5 years

Michigan developers with “transformational” plans to redevelop brownfield sites can continue to seek tax incentives after Gov. Gretchen Whitmer and the Legislature extended the program for an additional five years. The state’s economic development board can approve new projects through 2027, instead of 2022, under a bill signed last week. The law, which was enacted in 2017, […]


Grand Rapids advances $22M brownfield plan for new Spectrum Health campus

City officials have taken another step toward approving $22 million in brownfield incentives for Spectrum Health’s Center for Transformation and Innovation campus. The City Commission’s Community Development Committee recommended setting a public hearing for the $100 million project on Dec. 7 before the full commission. The committee resolution is expected to be approved by the full commission […]


West Mich. redevelopment projects awarded $4.6M in state brownfield funding

The Michigan Department of Environment, Great Lakes and Energy recently awarded $4.6 million in brownfield grants and loans to five redevelopment projects on contaminated properties in West and Southwest Michigan. The developments are among the 21 that the agency has funded for environmental remediation this summer totaling $15.6 million. The projects that recently received funding […]


Elder-Beerman, Sears redevelopment unlikely for now, city official says

Fifteen months ago the city of Toledo soundly rejected tax abatements that would have helped a California firm redevelop the former Elder-Beerman property on Secor Road. It appears the once-popular department store will remain vacant for the foreseeable future because tearing it down and erecting new retail space on the site is not economically feasible […]


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