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Old Posted Mar 26, 2019, 9:30 PM
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DetroitSky DetroitSky is offline
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Location: Detroit
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Summit Place Mall redevelopment gets $12.9 million in brownfield financing

Quote:
The $63 million redevelopment of Summit Place Mall in Waterford Township has received $12.9 million in brownfield financing incentives.

The Michigan Strategic Fund board approved the financing Tuesday morning.

Demolition of the mall at Telegraph and Elizabeth Lake roads on the Waterford/Pontiac border is expected to begin next month, clearing the way for a 1 million-square-foot new development called the Oakland County Business Center. A briefing memo to the board says the developer, Southfield-based Ari-El Enterprises Inc., anticipates the creation of 2,183 permanent full-time-equivalent jobs paying $22.50 per hour on average.


Developers plan $150 million development, 850 jobs at old Ford Wixom plant site

Quote:
An Ohio-based company is planning a $150 million brownfield redevelopment of a former Ford Motor Co. plant in Wixom that would create 850 new jobs.

The project at the 182-acre site would reactivate the property with 1.66 million square feet of commercial/industrial space, according to the Michigan Economic Development Corp.

Construction on the first of seven warehouses at 29311 S. Wixom Road is expected to start in April; the project is estimated to be completed by December 2021.

The new development calls for six buildings totaling 1.34 million square feet on the north part of the site and one 320,000-square-foot building on the south portion.
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