LANSING, MI-The governor touts science and technology development projects in the state during his annual address. He says a Rare Isotope Accelerator at Michigan State University would be icing on the cake.
DETROIT-The YMCA of Metropolitan Detroit hopes to raise money to build or renovate buildings in five communities to the tune of an additional 443,000 sf. The goal breaks down to $35 million in contributions and $35 million in tax-exempt bond sales.
ROYAL OAK, MI-An eight story mixed-use building in this suburb's Downtown will feature condominiums and retail space. It is the second of three phases in the $50-million Main Place development.
PONTIAC, MI-Commissioners fail to override County Executive L. Brooks Patterson's veto, so a February referendum is canceled. Annexation into the city may now proceed to allow for an 80-acre mixed-use development.
FARMINGTON HILLS, MI-The developer is erecting a build-to-suit in Southfield for a credit union, and has just bought a 174,392-sf office building here from the Archon Group L.P. of Irving, TX.
DETROIT-Whole Foods replaces Merchant of Vino stores in metropolitan Detroit. Six stores had remained open following a $40-million merger deal in 1997. Meanwhile, plans are in the works for a mega-health food store in Ann Arbor.
ALBION, MI-The Michigan Economic Development Corp. wants to turn an unused brownfield into a tax-paying property with a new industrial park. A $33,500 loan finances demolition and clean-up costs.
MUSKEGON, MI-The retail chain will close all of its 176 remaining stores and a Fostoria, OH distribution center by March 31, rather than 133 as previously announced. Quality Stores, Inc. sold 170 stores last year to satisfy bondholders.
SOUTHFIELD, MI-The auto supply company that uses Internet solutions plans to take four floors at the new Two Towne Square in early 2003. The company had considered Downtown Detroit, as well as out-of-state locations.