City of Rochester Hills Recognized as Redevelopment Ready Community
For their efforts in establishing a solid foundation to attract private investment and further build on municipality assets, the city of Rochester Hills has been awarded the Redevelopment Ready Communities (RRC) certification, the Michigan Economic Development Corporation (MEDC) announced today. Rochester Hills joins 44 other Michigan communities in all corners of the state which have qualified as […]
Southwyck, French Quarter are case studies in shifting industries
The retail landscape continues to shift in the U.S. and a pair of properties in northwest Ohio provide an interesting juxtaposition. After a decade of conjecture and stalled plans, the former Southwyck Mall site in Toledo is being transformed into an Amazon delivery station, which city officials consider a monumental victory. There is more positive […]
Former French Quarter hotel to be razed, site redeveloped
A Toledo-area real estate firm announced Friday that the Holiday Inn French Quarter will be demolished and replaced with a multi-phase, mixed-use commercial center under the name of French Quarter Square. River Rock Property Group, LLC issued a news release Friday saying it has completed the purchase of the former Holiday Inn French Quarter in Perrysburg Township. […]
Company plans to redevelop former cereal factory in downtown Battle Creek
A shuttered cereal factory in Battle Creek could be getting new life after officials from the company that purchased it said they want to join the efforts in revitalizing the city’s downtown. New Mill Capital, a company that specializes in redeveloping closed manufacturing plants, purchased the 450,000 square foot building on South McCamly Street from […]
Plans underway to replace mobile home park on Cass Lake with luxury apartments
A post-World War II mobile home park in Keego Harbor may be replaced with a luxury apartment complex. Within about two years, Ara Darakjian and his Birmingham-based Tir Equities LLC hopes to begin construction on the 5.33-acre site on Orchard Lake Road overlooking Cass Lake in the tiny Oakland County community nestled between Sylvan Lake […]
Lakeside Mall sold to developer with plans beyond retail
Lakeside Mall has been sold to a Miami group that says it will add other uses beyond shopping to revive the Sterling Heights shopping center, according to Sterling Heights city officials. The deal on the struggling mall was completed Tuesday. The mall’s previous owner, General Growth Properties Inc., defaulted on its $144 million mortgage, Sterling Heights officials said. Earlier this year, Lord […]
Mixed-use development in downtown Muskegon gets $1.5 million in state funding
The state of Michigan is providing funding assistance for a new mixed-use development in downtown Muskegon. The Michigan Strategic Fund voted Tuesday to award Sweetwater Development Partners LLC financial assistance in the amount of $1.5 million through the Michigan Community Revitalization Program. The request supports an $8.9 million project that includes a six-story mixed-use building called […]
Redevelopment coming to former Elder-Beerman, Sisters of Notre Dame properties
New businesses are being proposed at currently vacant sites along Secor Road. The largest proposed development would come to the former Elder-Beerman department store location at 3301 Secor Road, which closed in July, 2018, after parent firm Bon-Ton Stores went bankrupt. The closure left a 154,000-square-foot, two-story building empty. According to Toledo Plan Commission documents, […]
Holistic Industries to build $20 million medical marijuana grow, retail facility in Madison Heights
A Washington, D.C.-area cannabis company, Holistic Industries, plans to build a $20 million Michigan headquarters in Madison Heights. The company aims to redevelop the vacant former Fairlanes Bowling hall property near 12 Mile Road and I-75, according to a news release, and build a 65,000-square-foot medical marijuana center for growing, processing and retail. It expects […]
Former Flint Delphi site being readied for redevelopment
A $36,000 state grant is being used to promote new development at Flint’s former Delphi Flint East property, a part of nearly a half-million in grants supporting the Flint & Genesee Chamber of Commerce programs focused on economic and community growth. The site readiness program grant from the Michigan Economic Development Corporation will help get […]
Monroe to purchase former La-Z-Boy headquarters, plans to redevelop site
La-Z-Boy Inc. has sold its former headquarters and surrounding 26 acres to the city of Monroe, which plans to demolish the buildings next year and then redevelop the area into housing and retail stores. The sale was announced Friday and is the first step by Monroe to implement a “subarea” plan developed in March. La-Z-Boy, […]
Wayne County approves $40 million development deal for former Pinnacle race course
Wayne County’s Commission on Thursday unanimously signed off on a $40 million development deal for the shuttered Pinnacle race track. Wayne County Executive Warren Evans said Texas-based Hillwood Enterprises L.P. is acquiring the Pinnacle Aeropark Property from the county for about $4.9 million. The company, founded by Ross Perot Jr., is expected to develop the […]
LivWell Michigan to Open Cannabis Cultivation, Processing Facility in Warren
LivWell Michigan, a licensee of Colorado-based LivWell Holdings, will lease a 156,000-square-foot industrial space in Warren where it will operate a licensed cannabis cultivation and processing facility upon completion of redevelopment. The property was purchased for $19 million by and leased to LivWell by San Diego’s Innovative Industrial Properties. LivWell is expected to invest up […]
Amazon eyes Silverdome site for distribution center; 1,500 jobs expected, officials say
Tech giant Amazon sent shock waves throughout Pontiac when news broke of the expected development of the Silverdome site into a distribution center as part of a $250 million project that would bring 1,500 jobs. The first steps in the plans to develop the 127-acre site were discussed during a Pontiac Planning Commission meeting on Wednesday night. The commission […]
Demolition of Kmart HQ remains a possibility for new development
Some concepts for any redevelopment of the former Kmart Corp. headquarters in Troy still involve tearing it down. However, nothing is firmed up and any redevelopment of the existing 1.1 million-square-foot, long-vacant behemoth or new development on the 40 acres on which it sits are easily years out. In general, it’s been a high-octane recovery […]
UT moves forward with plan to sell its Scott Park campus
The University of Toledo Board of Trustees is progressing with plans to sell Scott Park campus and recently approved a resolution to begin the process of securing state approval. The university will need permission from the General Assembly to transfer the property. State agencies typically need such approval because property is owned by the state […]
Book Tower restoration to feature hotel, retail, office space
Bedrock plans to bring the iconic Book Tower back to life with a mix of residential, hotel, retail and office space. New York-based architect ODA was chosen from among 10 firms to lead the design effort in restoring the nearly 500,000-square-foot Washington Boulevard structure originally built in 1916. “We selected them because they have quite a few projects around […]
Officials promise change is coming for Fort Industry Square, Hotel SeaGate
Each day at Balance Pan-Asian Grille’s downtown eatery customers who look out the restaurant’s west-facing windows can count on a dismal view of the corner of North Summit Street and Jefferson Avenue. Staring back at them is the half-demolished,19-story skeleton of the former Hotel Seagate, its street-level deconstruction hidden by a perimeter construction fence but […]
Varsity Shop demolition expected to begin soon
In 2016, Signature negotiated the contract on behalf of the client and closed on this project. Our innovative process combined consulting, marketing & transactional services to best manage and support our client’s needs. The Varsity Shop property at 277 Pierce St. in Birmingham may start coming down soon, the city says. It is owned […]
City exploring more corporate aviation, industrial use for Detroit airport’s future
The city of Detroit is considering a plan that would transform the underused Coleman A. Young International Airport property for somewhere more than $100 million. A report by city contractor Avion Solutions Group LLC obtained by Crain’s describes a series of proposals the city wants to further explore that are aimed at making the airport that has […]
Mahindra eyes assembly plant, 2,000 jobs at Flint’s Buick City
An Indian automaker is poised to breathe new automotive life — and at least 2,000 jobs — into Flint’s iconic Buick City site. Mahindra Automotive North America Inc., maker of the Roxor off-road vehicle and a finalist to build the U.S. Postal Service’s next-generation delivery truck, has signed a non-binding letter of intent to acquire the 364-acre site from the trust charged with cleaning […]
Auto supplier plans $55M plant at Detroit Kettering High School site
An automotive supplier that builds interior components, suspensions and grilles for major automakers is planning to open a 600,000-square-foot factory on the site of the vacant Kettering High School on Detroit’s east side, three miles from where Fiat Chrysler Automobiles plans to build the city’s first new automotive plant in nearly three decades. Michigan-based supplier […]
Palace of Auburn Hills to be razed; redevelopment in works
The former home of the Detroit Pistons soon will be demolished to make room for the homes of technology companies and corporations. A joint venture between Detroit Pistons owner Tom Gores and Livonia-based Schostak Brothers & Co. Inc. have purchased the Palace of Auburn Hills to be redeveloped into 1 million square feet of mixed-use office and research […]
Fort Industry Square rehabilitation gets $5 million tax credit
The Ohio Development Services Agency awarded a $5 million tax credit for the rehabilitation of Fort Industry Square on Summit Street. The credit is part of more than $28 million in tax credits the agency awarded for the rehabilitation of 49 historic buildings across the state, according to a release from the agency on Wednesday. […]
Mixed forecast in redevelopment of high-profile properties in Macomb County
From industrial firms to retailers and from land owners to community planners, the mantra of real estate agents applies. Location, location, location. With mixed results, some of Macomb County’s largest parcels appear destined for redevelopment. A few remain vacant with no immediate plan, while announcements and groundbreakings are on the horizon at others. Projects could […]
Health care company eyes former Sisters of Notre Dame property
One of the nation’s largest providers of post-acute health care services wants to build a 40-bed rehabilitation hospital on Monroe Street at Secor Road on the former Sisters of Notre Dame property where Kroger once planned to build a new store. Encompass Health Corp. of Birmingham, Ala., plans to spend $27 million to construct the […]
Summer resident-turned-developer has $10 million plans for downtown Spring Lake
In recent years, the West Michigan village of Spring Lake found its downtown looking like those of many small villages around the state. Buildings sat empty and in disrepair, but with a small population of 2,323, it was hard to interest developers in taking on major and expensive projects. Until recently, a state program to […]
Northville Downs residential redevelopment to cost $200 million
The future redevelopment of the Northville Downs racetrack is anticipated to cost $200 million. Randy Wertheimer, president and CEO of Farmington Hills-based residential developer Hunter Pasteur Homes, said construction on the 13-acre underdeveloped northern portion of the property should begin in the first quarter next year. Plans call for 300 apartments and 19,000 square feet […]
Apartments, retail planned for long-vacant Lee Plaza
The city of Detroit plans to sell the long-vacant Lee Plaza to a joint venture that will redevelop the historic building into 180 residential units and retail. The city announced Thursday that it has asked the Detroit City Council to approve the sale of the 1.7-acre site at 2240 W. Grand Boulevard for $350,000 to development partnership […]
$40M mixed-use development in Ann Arbor to break ground in 2019
A $40-million redevelopment of a vacant site near the University of Michigan medical campus and downtown Ann Arbor is expected to break ground in 2019. It’s been more than a year since the City Council voted unanimously in December 2017 to approve a site plan for the nine-story project known as The Glen, a hotel with ground-floor […]
Did you know?
- In 2019, Signature completed more than 1,032 transactions totaling 27.7 million square feet and 2,435 acres with a total value of $994 million.
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- Almost 60% of Signature’s professionals have been with the firm at least 10 years.
- Signature completed more than 1,032 transactions in 2019.
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- Signature Associates and its team donate time and money to over 40 organizations throughout Michigan, Ohio and the United States.
- Signature Advisory and Management Services team performed comprehensive construction management services for projects totaling over $60 million and managed more than 8 million square feet of commercial space for our third-party clients, making us the largest locally owned third-party property management firm in the market.
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