The first phase of speculative construction will consist of a two-story,30,000 sf office facility and a single-story, 24,000 sf high-tech industrialbuilding with some warehouse space, says Delcor President Brian Stoy.
"Costs are about $6 million for the first phase, and about $18 million to$24 million total with 300,000 sf developed when we're finished, dependingon what we do with the rest of the site," Stoy said.
A three-acre parcel at the front of the site, on Grand River, is on the marketfor a service use, preferably a restaurant, according to Stoy.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
