DJB Acquisition Co. plans to redevelop two industrial parcels on Industrial Drive West, near Nine Mile and Interstate 94.
DJB will demolish buildings at 22901 and 22925 Industrial Dr. West, which combined cover about 1.7 acres. The company will then construct a 98,000-sf, three-story warehouse to be used for self-storage.
The land is part of a city designated brownfield, due to traces of benzopyrene found in the soil, a carconigen, which DJB will have to clean up prior to the construction phase of the project.
DJB will receive a Michigan Single Business Tax Credit of approximately $650,000 on the project.
A firm timeline on the project was not announced.
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.
