WARREN, MI-The city is selling a former library building for $320,000, more than twice its appraised value if zoning remains residential but $120,000 less than it would be worth after a rezoning for office use.
ROMEO, MI-A 56-acre industrial park, with 851,000 sf of industrial space in 26 buildings, is planned for the growing area of Macomb County. Developers Tom Kemp and Chris Peyerk will get $1 million in tax breaks.
CLINTON TOWNSHIP, MI-Road builder John Carlo and developer Graham Orley plan 1,000 multifamily units as well as a lifestyle center along M-59. Taubman Centers of Bloomfield Hills will work on the retail portion of the project.
ANN ARBOR, MI-The University of Michigan will double the display space at its art museum, as well as add on to its archeology center. The expansions are planned to start in 2006.
WARREN, MI-A planned unit development is in the works for a 312-acre site owned by General Motors, which would be the largest mixed-use development in recent decades.
BLOOMFIELD HILLS, MI-The Michigan Sports Hall of Fame plans to build a new museum, as large as 40,000 sf, somewhere in Detroit and hopes to raise more than $5 million to build it.
MILAN TOWNSHIP, MI-A 4,900-acre development planned for the northwest corner of Monroe County has been shelved because of the cost and time needed to install infrastructure.
SPRING LAKE, MI-Crews will begin building a new hardware store on the former Harbor Steel property by month's end, setting the stage for a full redevelopment, officials say.
CHESTERFIELD TOWNSHIP, MI-The Kmart was once slated to close, but Gratiot Crossing Marketplace at 23 Mile Road and Gratiot Avenue will be expanded to 170,000 sf by REDICO and Lormax Stern Development Co.
GRAND RAPIDS, MI-The nearly $2-million deal may not be the last involving the only publicly traded Wendy's franchisee, which may do additional sale-leasebacks to recapitalize its balance sheet.