View Single Post
  #31  
Old Posted Mar 28, 2018, 12:07 AM
Docta_Love's Avatar
Docta_Love Docta_Love is offline
Registered User
 
Join Date: May 2012
Location: Metropolitan Detroit
Posts: 712
Ford's investing big in it's new tech center campus adjacent to and also in renovation work along with new construction in downtown westborn itself. There's been an office space shortage of recent years that has seen Ford putting workers the vacant Macy's at Fairlane Town Center but it's probably a smart move not to add more office space into Fairlane because Ford will be pulling out in a few years leaving Macy's vacant.

Quote:
Planned office building scrapped from Dearborn Montgomery Ward redevelopment

By KIRK PINHO
Crain's Detroit Business
March 27, 2018


The Michigan Strategic Fund has approved a reduction in scope of Southfield-based Redico LLC's redevelopment of the former Montgomery Ward department store site in Dearborn.

The three-phase project was anticipated to include a three-story medical office building, a 96-unit senior housing facility and a two-story office building.

The medical office building, called Dearborn Town Center, was completed in 2010 with Beaumont Health and Midwest Health Plan as anchor tenants; and the affordable senior housing facility, now with 77 units, is under construction with an anticipated completion date in December. However, because the city has an abundance of office space, the office building is being scrapped, according to an MSF board memo.

Redico received a $5.83 million Michigan Business Tax brownfield credit for the $40.78 million project at Michigan Avenue and Schaefer Road in 2008.

The company is developing the senior housing, called Dearborn Town Center Senior Living, with Bingham Farms-based MHT Housing. Ground was broken in November.

The department store was demolished a decade ago after being vacant since 2001.
http://www.crainsdetroit.com/article...ontgomery-ward
__________________
“Mike, you got it? No f**king crazy talk from anybody in the administration.” (Trump to Pence on the eve of the US - DPRK Hanoi summit)

Says the pot to the kettle in a moment of self projection
Reply With Quote