DETROIT-Bank One says it plans to invest in commercial real estate projects in the city as part of a three-year, $3.1-billion commitment with the Detroit Alliance for Fair Banking.
DETROIT-Eastern Market has been awarded a $100,000 renovation grant under the governor's Cool Cities program. The money will be used to upgrade the sheds that house produce vendors.
GRAND BLANC, MI-Farmington Hills-based Grand Sakwa Properties LLC plans to convert a former General Motors tank testing grounds into the Grand Blanc Town Center. The 83-acre site is next to a 1.8-million-sf plant.
DETROIT-Bob Maxey expands and upgrades its Lincoln Mercury showroom at 16901 Mack Ave. It is one of 100 dealerships to adopt the automaker's Gallery design, a $230-million initiative.
CLINTON TOWNSHIP, MI-A 35,730-sf student activities building is part of a $12.5-million building project at Macomb Community College. The building is scheduled to be complete by January.
WARREN, MI-The prominent De La Salle Collegiate High School on the east side will be getting a $9.1-million expansion and upgrade as soon as the current school year ends.
DETROIT-Non-automotive activity has helped pick up the slack in the Detroit industrial market, Grubb & Ellis says in a recent market report. Overall vacancy holds stead in the first quarter at 11.2%.
BRIGHTON, MI-Development consulting firm Atwell-Hicks has new board members and partners. The company also ventures into a new market sector, water and wastewater design/build projects.
DETROIT-The first tenants in the I-94 Industrial Park are TDS US and Exel, suppliers for DaimlerChrysler. They will occupy a $26-million building now under construction by by CenTra.