DETROIT-A 75,000-sf private youth development center at 7375 Woodward in the city's New Center area is at the halfway point of construction. Detroit Youth Foundation has raised $4.5 million for the $14-million project.
DETROIT-The Barbara Ann Karmanos Cancer Institute splits from the Detroit Medical Center and will build a separate facility near the Harper University Hospital. A 2007 opening is expected.
LAPEER, MI-Officials will likely decide next month whether to allow Carp River Associates to build a 143,000-sf commercial development on DeMille Boulevard, just west of the Lapeer Cinema and Home Depot.
FLINT, MI-The investment will add new equipment to the two-million-sf industrial facility, where sheet metal panels for GM trucks and midsize vans are among the products made.
DETROIT-Plans have been detailed for the Park Shelton conversion from multifamily rental units to 220 condominiums priced from under $100,000 to $300,000. Three metro area developers team up on the $15-million project.
TROY, MI-The Home Depot will close on 18 Kmart stores for $271 million as part of a previously announced deal, with the first three closings set for later this month.
DETROIT-Comerica sets a Sept. 24 auction for the northern Michigan property after owners Shanty Creek Resort & Club in Bellaire default on a $20.4-million mortgage.
TROY, MI-Lean Technical Services, LLC leases 10,450 sfof industrial space from Bernot Properties, LLC while Sherpa Business Solutions lease 2,881 of office space from EA&S Investments.
WESTLAND, MI-A 104-unit condominium project on a 29-acre site is in the works after Charter One Bank provides a mortgage, arranged through iCap's Detroit office.