WARREN, MI-A vacant office/research facility may soon be home to a corporate headquarters and hundreds of new jobs. Automotive supplier BorgWarner plans to sell the 18-acre parcel at Nine Mile and Hoover roads to an undisclosed company, city officials confirm.

The unidentified firm plans to invest $12 million, the vast majority of which would be used to renovate existing facilities and environmental cleanup, according to city records. The site also has 26 underground storage tanks.

“This is a blockbuster, a huge opportunity for the city to make this property viable again,” says George Dimas, Warren’s economic development coordinator. “It’s really going to be a shot of adrenaline in that neighborhood, that’s for certain.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.