ALLEN PARK, MI-Two Detroit area development firms, Lormax Stern Development Co. and Redico, plan a $75-million shopping center Southfield Freeway at Outer Drive. It is among the biggest retail projects ever planned for Allen Park.
SAGINAW, MI-A Saginaw machining company plans to build a $6.6-million facility in Saginaw's renaissance tax zone while 16 condominiums will be built on a former contaminated site in Petoskey.
GAINES TOWNSHIP, MI-Ramco-Gershenson Properties Trust has begun work on its 66th shopping center. Gaines Marketplace will be anchored by a 208,000-sf Meijer Superstore and will have a 124,000 sf Target store.
WARREN, MI-William Beaumont Hospitals will begin work by this fall on a $10-million office facility in what is expected to become this city's new Downtown. Council President James Fouts suggests the project should be built elsewhere in his city.
MADISON HEIGHTS, MI-The 162,400-sf Madison Tech Center, an industrial/office property on 11 acres at the intersection of I-696 and Dequindre, is on the market at $15.5 million.
NORTHVILLE, MI-Bloomfield Hills-based Real Estate Interests Group Inc. agrees to pay $11.5 million more than the next best offer for the 422-acre Northville Regional Psychiatric Hospital property, and donate 40 acres to Northville Township.
DETROIT-Schafer Development is putting together property to create a $70-million shopping center in the city. So far, 81 home have been acquired along Telegraph Road, north of Seven Mile.
ANN ARBOR, MI-A 130,000-sf factory on the western edge of Downtown is being phased out and will soon be redeveloped into 60 condominiums and 19,000 sf of retail space by Chicago-based Morningside Equities Group.
DETROIT-An $11.3-million port terminal is expected to be a key piece to the redevelopment of the area immediately west of the Renaissance Center, which a promenade and walkway among the future improvements.
FARMINGTON HILLS, MI-Nissan says it is expanding its design studio in the city, about tripling in size to 51,000 sf. It is part of the $40-million expansion at the Nissan Technical Center North America.